- LYB aims to reduce Scope 1 and 2 emissions by 32% by 2030 from a 2020 baseline.
- Target to produce 800,000 metric tons of recycled and renewable-based polymers annually by 2030.
- MoReTec-1 plant in Germany advances as LYB's first commercial-scale catalytic chemical recycling facility.
- 50% of electricity to be sourced from renewables by 2030, based on 2020 levels.
Updated Sustainability Goals
LyondellBasell has revised its 2030 sustainability targets to align with current market conditions and regulatory changes. The company aims for a 32% reduction in Scope 1 and 2 greenhouse gas emissions by 2030, using 2020 as a baseline. Additionally, it plans to produce and market 800,000 metric tons of recycled and renewable-based polymers annually by 2030.
Strategic Focus
The company's strategy remains centered on three pillars: enhancing its core operations, building a profitable circular and low-carbon business, and improving performance and culture. These updates ensure that LyondellBasell continues to focus on sustainability as a key value driver, while maintaining capital discipline in the current economic environment.
Progress and Milestones
LyondellBasell has made significant progress, including advancing the construction of the MoReTec-1 plant in Wesseling, Germany. This facility will be the company's first commercial-scale catalytic chemical recycling plant, utilizing proprietary MoReTec technology. The company has also achieved emission reductions at its Houston Refinery and improved energy efficiency at manufacturing sites through its Value Enhancement Program.
Renewable Energy Commitment
To support its sustainability goals, LyondellBasell has secured projects to procure at least 50% of its electricity from renewable sources by 2030, based on 2020 levels. These efforts are part of the company's broader commitment to advancing circular and low-carbon solutions.
Future Reporting
Details on LyondellBasell's updated sustainability approach and the factors influencing its goals will be provided in the company's annual Sustainability Report, scheduled for release in April 2026.
