LyondellBasell (LYB), Renault & Antolin Launch Foamed Material

Core Insights - LyondellBasell Industries N.V. (LYB) has introduced an innovative foaming material, Hostacom TYC 2463F E2, in collaboration with Renault and Antolin for the interior design of the new Renault Rafale, showcasing advancements in material science and sustainability [1][2][4] Group 1: Product Innovation - Hostacom TYC 2463F E2 is a cutting-edge polypropylene (PP) compound that enhances interior parts with intricate designs, improved surface textures, scratch resistance, and low emissions [1][2] - The material is developed using advanced LYB catalyst technology, which improves the rheology of the PP polymer matrix, offering high flowability, an enlarged processing window, and great melt strength [3] - The semi-ductile nature of the Hostacom foaming material allows for diverse applications in various interior trim parts, contributing to sustainability [3] Group 2: Market Performance - LyondellBasell's shares have decreased by 2.4% over the past year, while the industry has seen a decline of 9.8% [4] - For the third quarter, LYB expects margins to benefit from lower natural gas and natural gas liquids costs in North America and the Middle East, despite higher oil-based expenses in other regions [4] - The company plans to operate its assets in line with market demand, targeting average operating rates of 85% for North American olefins and polyolefins, 80% for European assets, and 75% for Intermediates & Derivatives [5]