LyondellBasell recognized as one of the ‘World’s Most Admired Companies’ for 4th straight year

MORRIS – The results are in: LyondellBasell, which has a complex in Morris, has been named to Fortune Magazine’s 2021 list of the “World’s Most Admired Companies” for the fourth straight year, the company said in a news release Tuesday. The list recognizes organizations that have a strong reputation across a variety of industry sectors.

“Our employees are the reason for meaningful recognition such as being named to Fortune Magazine’s World’s Most Admired List,” Morris site manager Randy Tatum said. “This is a prestigious honor that we’ve earned together. We believe in the power of many and know it is only collectively that we can make the biggest impacts.”

LyondellBasell employees around the world overcame a challenging 2020 to advance many important company initiatives, including:

• Producing and marketing 2 million metric tons of recycled and renewable-based polymers annually by 2030.

• Acquiring already-operating, world-scale assets through the formation of two joint ventures in China and Louisiana with both accretive to earnings in the fourth quarter.

• Expanding circular polymers joint venture capacity in mechanical recycling by 20 kilotons in Belgium.

• Joining the United Nations Global Compact, the world’s largest corporate sustainability initiative.

• Receiving the American Chemistry Council’s highest distinction, the Responsible Care Company of the Year Award.

• Executing a clear and straightforward strategy to increase free cash flow, moderate capital expenditures and remain true to the company’s strategy of capturing value and delivering resilient results at all points in the cycle.

Korn Ferry, who administers the survey for Fortune Magazine, said the “World’s Most Admired Companies” study surveys top executives and directors from eligible companies, along with financial analysts, to evaluate companies in the categories of

• Innovation

• People management

• Use of corporate assets

• Social responsibility

• Quality of management

• Financial soundness

• Long-term investment value

• Quality of products and services

• Global competitiveness

More information on Fortune’s “World’s Most Admired Companies” list can be found at fortune.com/worlds-most-admired-companies/2021.

About LyondellBasell’s Morris plant

About 400 employees and contractors work on-site at the Morris plant, which covers an area of almost 700 acres. 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 serve as building blocks for countless products that provide the necessities of modern life, such as leak-proof and shatter-proof containers for industrial and household chemicals, packaging that protects our food from spoilage and contamination, and children’s toys that are safe and durable. LyondellBasell is one of the largest producers of ethylene and polyethylene in North America.