September 30, 2022

BASF Yeosu Site Celebration

BASF in Korea celebrates 30th anniversary of its Yeosu site operations, ‘a global key production base’

Petrochemical industry | 29 Sep 2022 IST | Polymerupdate.com • Yeosu site to consolidate its position through continued innovation, and producing & supplying of quality products for Korean and global customers

• A global key production base, site produces MDI, TDI, and CCD, which are essential raw materials in many value chains

• Only site equipped with its own environmental analysis facility in the Yeosu National Industrial Complex, continues its efforts for carbon neutrality

BASF Korea held a ceremony on September 29th to commemorate 30 years of operations of its Yeosu site. The event looked back at the various milestones of the Yeosu site over the last 30 years and shared the vision for a sustainable future. The event was attended by Dr. Ramkumar Dhruva, President of BASF’s Monomers Division along with executives of major customers and suppliers.

BASF in Korea Yeosu site was incorporated in 1988 and started its commercial production in 1992 with the completion of the MDI integrated production plant. As a result of expanding production facilities with continuous investments, its major products include Methylene Diphenyl Diisocyanate (MDI), Toluene Diisocyanate (TDI), Carbonyl Chloride Derivatives (CCD), Mononitrobenzene (MNB), Polyurethane Systems, Aniline, Ultrason®, and Ultra-pure NH4OH (electronic-grade ammonia water) for semiconductor. These products are widely used as raw materials in various industries for daily life, such as automotive, marine, construction, furniture, home appliances, sports, textile, medicine, and agriculture.

BASF aims to achieve net zero CO2 emissions by 2050 globally. Towards this journey of climate neutrality, Yeosu site is contributing actively by establishing a world-class quality management system, including environment, energy, safety, and health management systems, to meet its global scale production capacity. It will also continuously revamp its facility to minimize greenhouse gas emissions.

“BASF in Korea Yeosu site is an important production base supplying essential raw materials, including MDI, TDI, and CCD, to customers representing major industries in the Korean and global markets,” said Dr. David Im, Representative Director of BASF Korea. “Notably, it is the only site equipped with its own environmental analysis facility in the Yeosu National Industrial Complex. With continued R&D and investment for carbon neutrality, we will enhance our competitiveness and provide sustainable raw materials to the supply chain.”

Yeosu site – first MDI and TDI production facility in Asia Pacific, supplying core raw materials of PU to Korea and overseas

BASF in Korea Yeosu site was the first BASF production site in Asia Pacific region that started commercial production of MDI in 1992. With efficient production processes established through a series of strategic investments and production expansion, its annual MDI production capacity, which started with an annual capacity of 40,000 tons, has now increased to 250,000 tons. The facility is equipped with an integrated production system that produces raw materials such as MNB and Aniline to MDI products. MDI, a core raw material of polyurethane for the chemical industry, it plays an integral role in many industries such as construction, transportation, home appliance, and clothing.

In addition, the Yeosu site started the commercial production of TDI for the first time in the Asia-Pacific region in 2003 and currently has an annual production capacity of 160,000 tons. Along with MDI, TDI is also a key raw material for polyurethane products. The MDI and TDI produced at the Yeosu site is being stably supplied to major Korean customers in the electrical and electronics (E&E) and automotive industries. The site addresses most of the demand in the Asia Pacific region.

Only CCD production plant aside from BASF Ludwigshafen Verbund site the headquarters in Germany

This year, the CCD plant at Yeosu site celebrated 20 years of safe and reliable production. Since its commercial production in 2002, the plant has achieved an accumulative production of more than 200,000 tons of CCD. This is a significant achievement, as production of chemical specialties is highly sophisticated. Producing CCD in Korea creates an improved supply reliability for customers in the region. CCD products are also exported from Korea to other countries. Aside from BASF headquarters in Germany, Yeosu is the only CCD production plant of BASF in the world.

BASF in Korea Yeosu site has proved to be a well-accepted CCD supplier offering versatile high-quality products to many value chains. Customers value CCD as essential raw materials to make organic peroxides to produce polymers. CCD is also important to produce pharmaceuticals and plant protection agents. Further applications include cosmetics, personal care, polymer additives and electroplating chemicals.

About BASF in Korea

BASF has been a committed partner to Korea since 1954. As a leading foreign investor in the chemical industry in Korea, BASF operates eight world-scale production sites in the country. The company also maintains the regional headquarters of its Electronic Materials business and the Electronic Materials R&D Center Asia Pacific in Suwon. In addition, one R&D center for advanced material solutions and three technical development centers are located across Korea. In 2021, BASF posted sales of approximately € 1.8 billion to customers in Korea and employed 1,221 employees as of the end of the year.

https://www.polymerupdate.com/news/press-release-details.aspx?id=26450

September 27, 2022

Everchem’s 20th Anniversary Dinner

Thank you to everyone in attendance! This was at the site of the former ARCO Chemical conference center in Newtown Square. Enjoy the full gallery:

September 27, 2022

Everchem’s 20th Anniversary Dinner

Thank you to everyone in attendance! This was at the site of the former ARCO Chemical conference center in Newtown Square. Enjoy the full gallery:

September 27, 2022

LyondellBasell Changes

LyondellBasell Announces Organizational Changes

News Release Issued: Sep 27, 2022 (8:00am EDT)

To view this release online and get more information about LyondellBasell visit: https://lyondellbasell.mediaroom.com/index.php?s=43&item=1415

LyondellBasell Announces Organizational Changes

HOUSTON and LONDON, Sept. 27, 2022 /PRNewswire/ — LyondellBasell (NYSE: LYB) today announces organizational changes to increase value from existing assets and targeted growth opportunities while accelerating the development of our circular and low carbon solutions to meet increasing market demand. The changes, effective October 1, 2022, signify the deliberate steps LyondellBasell is taking in the company’s evolution.   

The Company’s business unit executive officers will be as follows:

• Kimberly Foley, Executive Vice President, Refining, Intermediates and Derivatives
• Kenneth Lane, Executive Vice President, Olefins and Polyolefins (O&P)
• Torkel Rhenman, Executive Vice President, Advanced Polymer Solutions
• James Seward, Executive Vice President and Chief Innovation Officer
• Yvonne van der Laan, Executive Vice President, Circular and Low Carbon Solutions

To align business strategy with execution, business units will now have global responsibility for manufacturing operations. Circular and Low Carbon Solutions business results will be reported in the O&P segment.

In addition, the following leaders will be the executive officers for the various central functions within the organization:

• Tracey Campbell, Executive Vice President, Sustainability and Corporate Affairs
• Dale Friedrichs, Executive Vice President, Operational Excellence and HSE
• A new Executive Vice President, People and Culture will be the subject of a future announcement and this team will continue to be led by Friedrichs during the interim period

Michael McMurray and Jeffrey Kaplan will continue as Executive Vice President and Chief Financial Officer and Executive Vice President and General Counsel, respectively.

“I am very pleased to have these passionate and experienced leaders as my executive team to drive LyondellBasell to be the best operator and to make us an even stronger, more sustainable and customer-focused company,” said Peter Vanacker, LyondellBasell CEO. “By leveraging the collective strengths of this team, I am confident we will capture both near and long-term opportunities. Our future-focused mindset will enable us to safely and successfully deliver on our goals, provide best-in-class customer service, advance our sustainability commitments, and create a workplace and culture that drives innovation.”

Creating a new Circular and Low Carbon Solutions business unit will provide clear accountability, and enables LyondellBasell to have a differentiated operating model. With an entrepreneurial mindset, this business unit will focus on growth of our Circulen renewable and circular solutions, and accelerate the development of scalable sustainable and circular technologies.

James Guilfoyle will relocate to Rotterdam and assume the role of Senior Vice President O&P Europe, Africa, Middle East and India (EAMEI).

This realigned organization will create line of sight accountability within each business, elevate focus on operational excellence and accelerate progress in circularity and sustainability, while advancing employee engagement and culture to increase value for all stakeholders.

About LyondellBasell

As a leader in the global chemical industry, LyondellBasell strives every day to be the safest, best operated and most valued company in our industry. The company’s products, materials and technologies are advancing sustainable solutions for food safety, access to clean water, healthcare and fuel efficiency in more than 100 international markets. LyondellBasell places high priority on diversity, equity and inclusion and is Advancing Good with an emphasis on our planet, the communities where we operate and our future workforce.  The company takes great pride in its world-class technology and customer focus. LyondellBasell has stepped up its circularity and climate ambitions and actions to address the global challenges of plastic waste and decarbonization. In 2022, LyondellBasell was named as one of FORTUNE Magazine’s “World’s Most Admired Companies” for the fifth consecutive year. For more information, please visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.

SOURCE LyondellBasell Industries

https://lyondellbasell.mediaroom.com/index.php?s=43&item=1415

September 27, 2022

LyondellBasell Changes

LyondellBasell Announces Organizational Changes

News Release Issued: Sep 27, 2022 (8:00am EDT)

To view this release online and get more information about LyondellBasell visit: https://lyondellbasell.mediaroom.com/index.php?s=43&item=1415

LyondellBasell Announces Organizational Changes

HOUSTON and LONDON, Sept. 27, 2022 /PRNewswire/ — LyondellBasell (NYSE: LYB) today announces organizational changes to increase value from existing assets and targeted growth opportunities while accelerating the development of our circular and low carbon solutions to meet increasing market demand. The changes, effective October 1, 2022, signify the deliberate steps LyondellBasell is taking in the company’s evolution.   

The Company’s business unit executive officers will be as follows:

• Kimberly Foley, Executive Vice President, Refining, Intermediates and Derivatives
• Kenneth Lane, Executive Vice President, Olefins and Polyolefins (O&P)
• Torkel Rhenman, Executive Vice President, Advanced Polymer Solutions
• James Seward, Executive Vice President and Chief Innovation Officer
• Yvonne van der Laan, Executive Vice President, Circular and Low Carbon Solutions

To align business strategy with execution, business units will now have global responsibility for manufacturing operations. Circular and Low Carbon Solutions business results will be reported in the O&P segment.

In addition, the following leaders will be the executive officers for the various central functions within the organization:

• Tracey Campbell, Executive Vice President, Sustainability and Corporate Affairs
• Dale Friedrichs, Executive Vice President, Operational Excellence and HSE
• A new Executive Vice President, People and Culture will be the subject of a future announcement and this team will continue to be led by Friedrichs during the interim period

Michael McMurray and Jeffrey Kaplan will continue as Executive Vice President and Chief Financial Officer and Executive Vice President and General Counsel, respectively.

“I am very pleased to have these passionate and experienced leaders as my executive team to drive LyondellBasell to be the best operator and to make us an even stronger, more sustainable and customer-focused company,” said Peter Vanacker, LyondellBasell CEO. “By leveraging the collective strengths of this team, I am confident we will capture both near and long-term opportunities. Our future-focused mindset will enable us to safely and successfully deliver on our goals, provide best-in-class customer service, advance our sustainability commitments, and create a workplace and culture that drives innovation.”

Creating a new Circular and Low Carbon Solutions business unit will provide clear accountability, and enables LyondellBasell to have a differentiated operating model. With an entrepreneurial mindset, this business unit will focus on growth of our Circulen renewable and circular solutions, and accelerate the development of scalable sustainable and circular technologies.

James Guilfoyle will relocate to Rotterdam and assume the role of Senior Vice President O&P Europe, Africa, Middle East and India (EAMEI).

This realigned organization will create line of sight accountability within each business, elevate focus on operational excellence and accelerate progress in circularity and sustainability, while advancing employee engagement and culture to increase value for all stakeholders.

About LyondellBasell

As a leader in the global chemical industry, LyondellBasell strives every day to be the safest, best operated and most valued company in our industry. The company’s products, materials and technologies are advancing sustainable solutions for food safety, access to clean water, healthcare and fuel efficiency in more than 100 international markets. LyondellBasell places high priority on diversity, equity and inclusion and is Advancing Good with an emphasis on our planet, the communities where we operate and our future workforce.  The company takes great pride in its world-class technology and customer focus. LyondellBasell has stepped up its circularity and climate ambitions and actions to address the global challenges of plastic waste and decarbonization. In 2022, LyondellBasell was named as one of FORTUNE Magazine’s “World’s Most Admired Companies” for the fifth consecutive year. For more information, please visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.

SOURCE LyondellBasell Industries

https://lyondellbasell.mediaroom.com/index.php?s=43&item=1415