Lyondell Chemical Company
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| Lyondell Chemical Co. | |
|---|---|
| Type | Private |
| Founded | 1985 |
| Headquarters | Houston, Texas, U.S. |
| Key people | Morris Gelb, Chief Executive Officer |
| Industry | Manufacturing |
| Products | Chemicals, Polymers |
| Revenue | ▲$24 Billion USD (2005) |
| Employees | 10,880 (2006) |
| Website | www.lyondell.com |
Lyondell Chemical Company is an American multinational corporation based in Houston, Texas. Lyondell was delisted from the New York Stock Exchange in December, 2007 (formerly NYSE: LYO). It is an indirect subsidiary of LyondellBasell Industries AF.
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[edit] Overview
The Lyondell Chemical Company is,(as of 2008), 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 five 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. Basell Polyolefins is owned by Access Industries, a privately held, U.S.-based industrial group. The deal closed on Thursday, 20 December 2007, creating the new company LyondellBasell Industries AF S.C.A.
[edit] 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.
[edit] Executives
- Morris Gelb- Chief Executive Officer
- Alan Bigman- Chief Financial Officer
[edit] North American facilities
[edit] Florida
- Jacksonville Facility
[edit] Georgia
- Colonel's Island Plant
[edit] Illinois
- Morris Complex
- Tuscola Plant
[edit] Iowa
- Clinton Complex
[edit] Maryland
- Baltimore St. Helena Plant
[edit] New Jersey
- Newark Plant
[edit] Ohio
- Cincinnati Technology Center
- Fairport Harbor Facility
[edit] Pennsylvania
- Newtown Square Technology Center
[edit] 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
[edit] European facilities
[edit] France
- Fos-sur-Mer (Marseille area)
[edit] Netherlands
- Botlek (Rotterdam)
- Maasvlakte (Rotterdam)
[edit] 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]
