LyondellBasell unveils sustainable growth strategy. LyondellBasell recently announced a new long-term strategy at the New York Stock Exchange, focusing on sustainable growth and appealing to ESG-minded investors.
The strategy encompasses three key elements: growing and upgrading the core business, building a profitable Circular & Low Carbon Solutions (CLCS) business, and enhancing performance and culture.
The company expects CLCS to generate at least $1 billion in incremental EBITDA by 2030. The company’s value enhancement program (VEP) aims to deliver at least $750 million of recurring annual EBITDA improvement by 2025.
LyondellBasell has already initiated actions aligning with this new strategy, including exiting the refining business and divesting its Australian polypropylene operations.