LyondellBasell named one of the World’s Most Admired Companies
Clinton Complex parent LyondellBasell named one of the World’s Most Admired Companies
CLINTON, Iowa- Jan. 22, 2018 — LyondellBasell (NYSE: LYB), the operator of the Clinton Complex in Clinton, IA, has been named to Fortune Magazine’s list of the “World’s Most Admired Companies” for 2018. This is a first-time achievement for LyondellBasell, one of the world’s largest plastics, chemicals and refining companies.
“Employees of the Clinton Complex are both excited and energized that LyondellBasell has been named to the Forbes Most Admired List,” said Jim Hillier, the manager of LyondellBasell’s Clinton Complex. “We are proud of the achievements we have made as a company, and how we in Clinton have contributed locally by working hard to provide products the world counts on every day.”
LyondellBasell CEO Bob Patel noted, “This recognition can be 100 percent attributed to our teams in Clinton, and around the world who are setting the benchmark for excellence in the chemical industry every single day. They are humble, hungry and focused on delivering on the promise of being the best operated, most valued company in our industry.”
The list, which is voted on by industry peers, including executives, directors and financial analysts, sought feedback on the company’s performance in nine key areas – the ability to attract and retain talent, the quality of management, social responsibility, innovation, quality of products and services, use of corporate assets, financial soundness, long-term investment value and global competitiveness.
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About LyondellBasell’s Clinton Complex
With approximately 400 employees and contractors, and covering an area of almost 239 acres, the Clinton Complex is one of the largest chemical plants in Iowa. Using natural gas liquids as a feedstock, the plant manufactures ethylene, the world’s most widely-used petrochemical, which is then converted into polyethylene plastic resins. These resins are the building blocks for products such as leak-proof and shatter-proof containers for industrial and household chemicals, packaging that protects food from spoilage and contamination, and children’s toys that are safe and durable
LyondellBasell (NYSE: LYB) is one of the largest plastics, chemicals and refining companies in the world. Driven by its 13,000 employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, and improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road. LyondellBasell sells products into approximately 100 countries and is the world’s largest licensor of polyolefin technologies. In 2018, LyondellBasell was named to Fortune magazine’s list of the “World’s Most Admired Companies.” More information about LyondellBasell can be found at www.lyondellbasell.com.