LyondellBasell takes another step toward energy transition with new power agreements

Houston/Rotterdam, Jan. 29, 2025 (GLOBE NEWSWIRE) -- LyondellBasell (LYB), a leader in the global chemical industry, announced today the signing of two significant power purchase agreements (PPAs) in Europe, further supporting its commitment to reduce greenhouse gas emissions. The PPAs offer LYB long-term price certainty, which helps stabilize energy costs and make renewable energy more attractive compared to fluctuating fossil fuel prices. “Adding these long-term agreements to our portfolio supports price ...