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Lyondell Chemical Company



Lyondell Chemical Co.
Public (NYSE: LYO)
Founded1985
HeadquartersHouston, Texas, USA
Key peopleDan F. Smith, President & Chief Executive Officer
IndustryManufacturing
ProductsChemicals, Polymers
Revenue$24 Billion USD (2005)
Employees10,880 (2006)
Websitewww.lyondell.com

Lyondell Chemical Company NYSE: LYO is an American multinational corporation based in Houston, Texas.

Additional recommended knowledge

Contents

Overview

The Lyondell Chemical Company is currently the third largest independent chemical manufacturer in the United States. Since its establishment in 1985 from certain facilities belonging to the Atlantic Richfield Company (ARCO), the company has grown through various acquisitions and is currently a Fortune 500 company that operates in 5 continents and employs over 11,000 people. Lyondell is the global leader in propylene oxide production and is the largest North American supplier of styrene monomer. Other Lyondell products include ethylene, polyethylene, and titanium dioxide

Lyondell acquired Millennium Chemicals, Inc. in a stock-for-stock business combination on November 30, 2004. In August, 2006, Lyondell acquired the Lyondell-Citgo Refining LP in a transaction valued at around $2.1 billion, and has renamed the facility Houston Refining.

Chemical maker Basell Polyolefins said on Tuesday, 17 July 2007, it would buy Lyondell Chemical Co. for about $12.14 billion. The deal closed on Thursday, 20 December, 2007, creating the new company LyondellBasell Industries.

Engineering development

Throughout the year, Lyondell provides dedicated training sessions to all its Engineering staff ranging from interns to senior engineers. Lyondell has also implemented an engineering rotation program to provide its engineers with exposure to various locations, cultures, and technologies.

Executives

  • Dan F. Smith- Chairman, President & Chief Executive Officer
  • Morris Gelb- Executive Vice President & Chief Operating Officer
  • T. Kevin DeNicola- Senior Vice President & Chief Financial Officer

North America facilities

Florida

  • Jacksonville Facility

Georgia

  • Colonel's Island Plant

Illinois

  • Morris Complex
  • Tuscola Plant

Iowa

  • Clinton Complex

Maryland

  • Baltimore St. Helena Plant

New Jersey

  • Newark Plant

Ohio

  • Cincinnati Technology Center
  • Fairport Harbor Facility

Pennsylvania

  • Newtown Square Technology Center

Texas

  • Bayport Choate Plant
  • Beaumont PD Glycol Plant
  • Chocolate Bayou Complex
  • Houston Refining
  • Matagorda Complex
  • Victoria Plant
  • Bayport Underwood Plant
  • Channelview Chemical Complex
  • Corpus Christi Complex
  • La Porte Complex
  • Pipeline Operations
  • Worldwide Headquarters

Environmental record

Researchers at the University of Massachusetts Amherst have identified Lyondell as the 53rd-largest corporate producer of air pollution in the United States, with roughly 8 million pounds of toxic chemicals released annually into the air.[1] Major pollutants indicated by the study include chlorine, butadiene, dicyclopentadiene, and diaminotoluene. [2] facilities==

France

  • Fos sur Mer (Marseille area)

Netherlands

  • Botlek (Rotterdam)
  • Maasvlakte (Rotterdam)

References

  1. ^ Political Economy Research Institute Toxic 100 (Study released May 11, 2006) retrieved 17 August 2007
  2. ^ Toxics Release Inventory courtesy rtknet.org
 
This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Lyondell_Chemical_Company". A list of authors is available in Wikipedia.
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