Lyondellbasell
| LyondellBasell Industries NV
|
|
|---|---|
 |
|
| legal form | Naamloze vennootschap |
| ISIN | NL0009434992 |
| founding | January 1, 2008 |
| Seat |
Rotterdam , Netherlands
|
| management | Bhavesh V. "Bob" Patel, CEO |
| Number of employees | 19,400 |
| sales | $ 39.0 billion |
| Branch | chemistry |
| Website | www.lyondellbasell.com |
| Status: 2018 | |
The Lyondellbasell Industries (proper spelling LyondellBasell ) is the world's eighth-largest and Europe's third largest chemical company. It is the largest producer of polyolefins (world market leader polypropylene , leading supplier of polyethylene ) and catalysts , as well as one of the world's leading companies in the development and licensing of polypropylene and polyethylene processes. The Rotterdam- based company with administrative headquarters in Houston and London also operates oil refineries and produces fuel additives such as MTBE . The company's shares are traded on the New York Stock Exchange and are included in the S&P 500 .
term
The name LyondellBasell was created through the merger of the two companies Lyondell and Basell on January 1, 2008. It is written together without a hyphen, whereby the "B" of Basell is also capitalized.
history
On August 27, 1953, BASF and Shell founded a joint venture for the production of polyethylene , Rheinische Olefinwerke GmbH (ROW). The products were sold under the own brand names of the two owners.
In the mid-1990s, the plastics business of numerous companies was reorganized.
The following companies emerged:
1997: Elenac GmbH based in Kehl and Strasbourg for the production and sale of polyethylene as a joint venture between BASF and Shell. This includes the Rheinische Olefinwerke in Wesseling and PE pilot plants and PE research from BASF in Ludwigshafen.
1997: Targor GmbH based in Mainz for the production and sale of polypropylene as a joint venture between BASF and Hostalen PP (Hoechst). It combines the production and research activities of both companies, including a. the Knapsack chemical park of the former Hoechst.
1998: Elenac GmbH takes over Hostalen GmbH, a subsidiary of the former Hoechst AG . Production sites are u. a. in Frankfurt , Knapsack and Münchsmünster . The polyethylene research of the former Hoechst AG is also based in Frankfurt.
October 1, 2000: Elenac, Targor and Montell (PP activities of Shell) are combined in Basell Polyolefine GmbH as a joint venture between BASF and Shell. Works by the former Montell from Ferrara (Italy) and Berre-l'Étang (France) were added. There is a large research center in Ferrara, which is now home to all PP research.
The mergers in recent years have resulted in numerous overlapping areas of activity. For example, there were research facilities for polyethylene in Ludwigshafen and Frankfurt. In 2004 the Ludwigshafen site was completely abandoned and some of the research was relocated to Frankfurt.
On May 5, 2005, BASF and Shell announced an agreement to sell Basell to a consortium led by US- based companies "Access Industries" and "The Chatterjee Group". The latter, however, later withdrew from the negotiations.
On August 1, 2005, BASF and Shell Chemicals announced the completion of the sale of Basell to Nell Acquisition S.à rl , a subsidiary of Access Industries , New York / USA. The sales price including liabilities is 4.4 billion euros. Basell's headquarters remained unchanged in Hoofddorp in the Netherlands.
The company is active in sales in more than 120 countries and, together with its joint ventures, operates production sites in 21 countries worldwide. Basell had a total of 6,600 employees, around 5,200 of them in Europe and around 1,000 in North America.
In 2004, Basell achieved sales of 6.7 billion euros, which in 2006 rose to almost 11 billion euros.
In July 2007, Basell announced the takeover of US competitor Lyondell Chemical for 19 billion US dollars . At the end of November 2007, Lyondell's shareholders approved the takeover by Basell. Lyondell was created in previous years through the merger of the former companies Millennium Chemical and Equistar.
The new company is called LyondellBasell-Industries and is the third largest chemical company in the world (after BASF and DOW Chemical Company ). In 2006, Basell's annual sales were just under 11 billion euros , and Lyondell's sales were 22 billion US dollars .
It belonged to the Access Industries holding company of the Russian-born US billionaire Leonard Blavatnik .
In December 2007 Basell announced the acquisition of Solvay Engineered Polymers, a wholly-owned subsidiary of Solvay at the time , which is considered the leading supplier of polypropylene compounds in the North American Free Trade Zone . In 2006 the company achieved sales of 200 million euros.
In early January 2009, the company filed for Chapter 11 bankruptcy protection due to debts of $ 26 billion .
After completing the insolvency proceedings in May 2010, the company went public in September 2010.
production
In Europe there are mainly companies of the former Basell, which are legally independent companies. Most of the German activities are bundled in Basell Polyolefine GmbH. The largest production site of Basell Polyolefine GmbH is the Wesseling plant near Cologne with around 2000 employees.
Other locations in Germany are in the Höchst industrial park in Frankfurt with 500 employees, as well as in Hamburg, Hürth-Knapsack , Münchsmünster and Bayreuth .
Münchsmünster accident
A plant for polyethylene production in Münchsmünster near Ingolstadt was completely destroyed on December 10, 2005 by an explosion and a major fire that lasted for days. A firefighter was killed in this accident. 75 people lost their jobs, but they continued to be employed at other Basell locations. The production of the material Hostalen (a Basell trade name for HDPE, high-density polyethylene ) from Münchsmünster was taken over from the Frankfurt site. For this purpose, a plant that was originally supposed to go out of operation at the end of 2005 was operated until the end of 2010. Many of the employees who lost their jobs in the fire also worked there.
At the beginning of August 2006, Basell announced that another HDPE plant was to be built in Münchsmünster. A state-of-the-art facility based on the Hostalen ACP process with around 60 workstations has been in operation there since mid-2010 and can produce around 320 kilotons of HDPE per year.
See also
Web links
Individual evidence
- ↑ a b c Annual Report 2018 (PDF) Retrieved on August 25, 2019 .
- ↑ Fuels & Refining ( Memento from April 28, 2015 in the Internet Archive ).
- ^ A b Lyondell Basell: Chemical giant is considering fleeing into bankruptcy . manager-magazin.de
- ↑ Lyondell-Basell: The creditors face high losses . In: FAZ , January 7, 2009
Coordinates: 50 ° 49 ′ 59 ″ N , 6 ° 58 ′ 1.1 ″ E