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April 30, 2021 LyondellBasell chief executive Bob Patel Solid consumer-driven demand has helped LyondellBasell Industries to deliver promising first quarter results results, as the company starts to emerge stronger from the pandemic and the associated global recession. Net income for the quarter was $1.1 billion, or $3.18 per share, while EBITDA was $1.6bn. This compared with net income of $855 million in the fourth quarter 2020. Sales and other operating revenues were $9bn for the quarter, compared with $7.9bn for the prior three-month period. “First quarter performance built upon the economic momentum we saw toward the end of last year,” admitted LyondellBasell’s chief executive Bob Patel. “During February, unusually cold weather and related power outages impacted operations in our industry across the state of Texas and reduced our production volumes. In March, we achieved the first full quarter of results for our newly-formed Louisiana joint ventu ....
Price action over last quarter: Up 23.64% Company Overview LyondellBasell Industries NV is a petrochemical producer with operations in the U.S. and Europe. It operates in six segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Advanced Polymer Solutions (APS), Refining and Technology. The company is a major producer of polyethylene, the world s largest producer of polypropylene, and the second- largest producer of propylene oxide. Its chemicals are used in various consumer and industrial end products. Substantially, all of the company s revenue is derived from product sales. ....
Orbia says Mexico City is facing water challenges due to climate change (image credit: Orbia ) Orbia and PlasticRoad have inaugurated a climate-adaptive bicycle path made from more than 2,200 pounds of plastic waste in a section of Mexico City s Chapultepec Forest. Orbia is a community of companies in which members such as building and infrastructure provider Wavin and producer of dynamic materials Polymer Solutions work together to address challenges such as how to make cities more liveable. In the Chapultepec Forest, Mexico City holds more than 1,695 natural, publicly accessible acres. The infiltrative bike path is expected to reduce the likelihood of flooding while also giving people a safer ride. ....