LyondellBasell Industries NV · NYSE:LYB
LyondellBasell Industries NV — Investor Day (2013)
79 slides from LyondellBasell Industries NV's investor day presentation, 2013
Slide 1: Seize the Moment, Secure the Future
SEIZE THE MOMENT —SECUR NNCMMEES FUTURE
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Slide 3: Agenda
Agenda Breakfast with Management 8 - 8:30 AM Soho Ballroom, 7th floor Investor Day Presentations Begin 8:30 AM - 8:35 AM Astor Ballroom, 7th floor Opening Remarks Doug Pike – Vice President, Investor Relations Welcome and Introduction Jim Gallogly – Chief Executive Officer Strategy & Planning Sergey
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Slide 5: Agenda and Cautionary Statement
S E I Z E T H E M O M E N T S ECURING THE FUTURE Agenda A d &C Cautionary ti Statement Doug Pike VP, Investor Relations lyondellbasell.com Agenda Topic Time Participant Breakfast with Management 8:00 AM - 8:30 AM All Agenda 8:30 AM - 8:35 AM Doug Pike Introduction 8:35 AM - 9:00 AM Jim Gallogly Stra
Slide 6: Information Related to Financial Measures; Cautionary Statement
Information Related to Financial Measures • We have included EBITDA in this presentation, which is a non-GAAP measure. EBITDA, as presented herein, may not be comparable to a similarly titled measure reported by other companies due to differences in the way the measure is calculated. EBITDA should n
Slide 7: Introduction: 2012 at a Glance
S E I Z E T H E M O M E N T S ECURING THE FUTURE Introduction Jim Gallogly Chief Executive Officer lyondellbasell.com 2012 at a Glance 2012 Highlights Key Achievements Y-o-Y ($ millions, except earnings per share data) FY 2012 FY 2011 Growth % • 89% total stock return EBITDA $5,856 $5,585 5% – Retur
Slide 8: World-Class Scale with Leading Market Positions; Continued Strong Financial Performance
World-Class Scale with Leading Market Positions Global Products Position Chemicals Ethylene #5 Propylene #5 Propylene Oxide #2 Polymers Polyolefins (PE + PP) #1 Polypropylene #1 Polyethylene #4 Polypropylene Compounds #1 Refining & Oxyfuels O f l Oxyfuels #1 Technology and R&D Polyolefins Licensing
Slide 9: "Back-To-Basics" Strategy Drives Value; Outstanding HSE Results
“Back-To-Basics” Strategy Drives Value Our Results Operational Excellence • Excellent safety and environmental p performance combined with reliable Technology operations Cost Driven Reduction Growth • Maintained fixed costs flat • Completed numerous turnarounds Performance Capital Driven Culture Dis
Slide 10: Consistent Focus on Cost and Headcount; Capital Discipline and Growth
Consistent Focus on Cost and Headcount Operational Excellence Cash Fixed Costs Technology Cost Driven Reduction Growth (Indexed to 2008) 100% • Cash fixed costs managed flat Performance Capital since 2009 Driven Discipline Culture 80% Portfolio Management 60% 40% 20% • 20% headcount reduction since
Slide 11: Optimizing Our Businesses; Performance Driven Culture
Optimizing Our Businesses Segment LYB Market Position Portfolio Role Operational Excellence Technology Cost Driven Reduction Growth Olefins & Polyolefins • NGL advantage Invest – Americas • Cyclical upside Performance Driven Culture Capital Discipline Portfolio Management • Commodities C diti – naph
Slide 12: Technology Driven Growth; The Next Chapter for LyondellBasell
Technology Driven Growth Operational Excellence Technology Cost Driven Reduction Growth • 18% growth in N. America ethylene capacity through debottlenecks Performance Capital Driven Discipline Culture • Ethylene capacity expansions will be earlier and cheaper than our competition Portfolio Managemen
Slide 13: Topics for Today: Differentiators and the Future
Topics for Today: Differentiators and the Future Sergey Vasnetsov - Macro environment SVP, Strategic Planning & Transactions - Relative performance vs. peers - Growth options Tim Roberts - U.S. ethane and ethylene outlook SVP Olefins & Polyolefins - Americas SVP, - Differential actions - Growth proj
Slide 14: Strategic Planning
Slide 15: Macroeconomic Background; Cost of Ethylene Production
S E I Z E T H E M O M E N T S ECURING THE FUTURE Strategic Planning Sergey Vasnetsov SVP, Strategic Planning & Transactions lyondellbasell.com Macroeconomic Background U.S. Crude Oil vs. Natural Gas Price Ethylene Production Cost Curve ($/ MMBTU) ($/ bbl) $25 $150 Crude Oil 20 120 Cost of Ethylene P
Slide 16: Evolution of Shale Gas Value Chain; LYB Scale vs. Peers
Evolution of Shale Gas Value Chain ($ / MMBTU) Upstream $12 (Natural Gas E&P) 8 4 Natural Gas Price 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 YTD (¢ / gal) Midstream ¢60 Ethane Premium to Fuel Value (Fractionation & ("Frac Spread" ) Pipelines) 40 20 2003 2004 2005 2006 2007 2008 2009 20
Slide 17: Growth and Returns vs. Peers; Leading FCF Yield
Growth and Returns vs. Peers 2010 - 2012 EBITDA(1) Growth 2012 Return on Capital Employed(2) 40% 40% 20% 30% 0% 20% (20)% 10% (40)% 0% LYB B D C A LYB B C D A Our return on capital has exceeded that of our peers Source: Company filings. Note: Peers include Celanese, Dow, Eastman and Huntsman. (1) Fo
Slide 18: Strong Cash Generation; Importance of Capital Project Selection
Strong Cash Generation Cumulative Future FCF Key Assumptions ($ in billions) • Market assumptions based on 2012 $15 conditions • LYB assumptions are based on 10 2013 guidance discretionary cash – D&A – Interest expense 5 Cash for base needs – Tax rate and cumulative 3 yrs interim dividends at – Main
Slide 19: View on Discretionary Cash Deployment
View on Discretionary Cash Deployment Share New Cracker + PE M&A Buyback g Timing Flexible Not flexible Not flexible Complexity Low Medium High Medium High Low Risk (petrochemical and (timing, price, (price) th ethane l ) cycles) i t ti ) integration) • Large investment • Opportunistic • Situational
Slide 20: O&P Americas
Slide 21: Olefins & Polyolefins - Americas Overview
S E I Z E T H E M O M E N T S ECURING THE FUTURE O&P Americas Tim Roberts SVP Olefins & Polyolefins - Americas lyondellbasell.com Olefins & Polyolefins - Americas Overview Product Capacities and Positions Product Capacity(1) NA Ranking Ethylene 9.8 B lbs #2 Polypropylene 4.4 B lbs #1 Polyethylene 5.
Slide 22: Response to Environment; Ethylene Cycle Becomes a Factor
Response to Environment / Situation Environment Response • Plentiful natural gas and NGLs • Complete turnarounds in advance y of cycle • Olefin operating rates near capacity • Optimize production / sales mix to capture upside • Cyclical upside ahead – Feedstock – Across monomers and derivatives • Br
Slide 23: Fundamentals of Natural Gas / NGLs; NGL Path to Market
Fundamentals of Natural Gas / NGLs Have Defined the Environment 2012 Ethane and Propane Prices vs. Brent Cost of Ethylene Production (Indexed to Jan 2012) (¢ / lb) 125 ¢75 2010 2011 2012 2013 YTD Brent Crude Oil 60 100 45 75 30 Propane 50 15 Ethane 25 Jan' 12 Mar' 12 May' 12 Jul' 12 Sep' 12 Nov' 12
Slide 24: U.S. Shale Gas Production Growth; NGL Production Growth
U.S. Shale Gas Production Growth Forecast U.S. Shale Gas Production Drivers of Increased Gas Demand (Trillion cubic feet) (Growth %) 30 300% • Electric generation • Coal-to-gas switching 20 200% • Chemical and industrial demand • Transportation fleet use 10 100% • Exports 2009 2011 2013E 2015E 2017E
Slide 25: Ethane Fractionation and Consumption Capacity; Ethane Production and Inventory
Ethane Fractionation and Consumption Capacity U.S. Ethane Production Capacity U.S. Ethane Demand Capacity (MBPD) (MBPD) 1,800 1,800 Base Base Additions Additions 1,350 1,350 900 900 450 450 2010 2011 2012 2013E 2014E 2015E 2016E 2017E 2010 2011 2012 2013E 2014E 2015E 2016E 2017E Ethane production is
Slide 26: NGL Summary; Our Program Captures the Opportunities
NGL Summary • Outlook: U.S. natural gas price remains discounted vs. crude oil • Natural gas penetrating new markets • Shale gas forecasts indicate 20% production growth through 2017 • NGLs (other than ethane) and natural gas provide return to producers • Midstream infrastructure has caught up with
Slide 27: Feedstock Flexibility Boosts Profitability; Expansion Program: Previously Announced
Feedstock Flexibility Boosts Profitability U.S. Ethylene Cracker Feedstock Flexibility Pre-2009 2012 Future Local Local Liquids Liquids Imported Local Liquids Liquids NGLs NGLs Imported NGLs Liquids 11.0 B lbs. ethylene 9.8 B lbs. ethylene 11.6 B lbs. ethylene capacity capacity capacity Expanding ca
Slide 28: Expansion Program: New Projects; Methodical Program Continues
Expansion Program: New Projects Potential Growth Investment Timing Scope Value(1) ($ million) (year) ($ million / year) ~ 220 MM lbs PE Debottleneck $20 ~$20 2014 $10 - $20 polyethylene Channelview 250 MM lbs ~$170 2015 $80 - $100 Expansion ethylene Corpus Christi 800 MM lbs Expansion ~$420 Late 201
Slide 29: O&P EAI: Olefins & Polyolefins - EAI & Technology
S E I Z E T H E M O M E N T S ECURING THE FUTURE O&P EAI Bob Patel SVP, Olefins & Polyolefins Europe, Asia, International and Technology lyondellbasell.com Olefins & Polyolefins - EAI & Technology Product Capacities and Positions Product Capacity(1) W.E. Ranking(2) Ethylene 6.5 B lbs #6 Butadiene 0.
Slide 30: Response to Environment; The European Market Environment
Response to Environment / Situation 2012 Environment Response • Weak European economy • Restructure Restr ct re cost in response to market conditions • Sluggish Asian growth increased polymers import • Minimize capital spending pressure from Middle East • Grow differentiated positions • High-cost pr
Slide 31: Our Actions Respond to the Environment; Efficiency Gains
Our Actions Respond to the Environment Pre- 2010 2011 - 2012 2013+ • Created Middle East joint • Centralized in Rotterdam; • Broaden feedstock ventures closed 5 local offices flexibility with propane • Shuttered >2 billion • Reduced European • Periodically evaluate pounds of European business staff
Slide 32: Restructuring Progress; Butadiene Expansion Project
Significant Progress Through Restructuring and Improved Operations Estimated Efficiency Gains Focus business management processes Variable cost ( (including supply chain) Segment markets and Previously announced Feedstock & customers restructuring cracker improvements Portfolio Simplify supply chain
Slide 33: Profits from Differentiated Position; Joint Venture Portfolio
Our Recent Profits Were Primarily Generated from Our Differentiated Position Indexed O&P EAI EBITDA Scenarios (EBITDA Indexed, Mid-Cycle = 1.0) 2.0 15 1.5 1.0 0.5 Trough Mid-Cycle Peak 2012 Differentiated / Stable Businesses Commodity / Cyclical Olefins & Polyolefins • O&P EAI portfolio is more than
Slide 34: Global Leader in PP Compounding; Technology Segment
Global Leader in PP Compounding Instrument panel Interior trim Our Strategy Under the • Expansion through innovation hood • Automotive represents ~ 35% global market share • 15 producing sites globally Door panel • Adding new lines in China, Thailand and Exterior trim Americas Bumper fascia Characte
Slide 35: Our Actions Position Us to Maximize Cyclical Upside
Our Actions Position Us to Maximize Cyclical Upside • European restructuring • Increased raw material flexibility • Butadiene expansion • Exit uncompetitive positions • Growth in PP compounding • Retain the cyclical upside potential lyondellbasell.com LyondellBasell Investor Day 2013 55
Slide 36: Intermediates & Derivatives
Slide 37: Intermediates & Derivatives - Overview
S E I Z E T H E M O M E N T S ECURING THE FUTURE Intermediates & Derivatives Pat Quarles SVP, Intermediates & Derivatives lyondellbasell.com Intermediates & Derivatives - Overview 2012 Revenues: $9.7 billion Product Capacities 2012 EBITDA: $1.65 billion Product Capacity(1) Propylene Oxide 5.2 Billio
Slide 38: Response to Environment; Businesses Generate Strong Cash Flow
Response to Environment / Situation Environment Response • Solid product demand • Optimize around our system flexibilityy • Geography • Advantaged U.S. raw material costs • Derivatives • Oxyfuels and isobutylene chemicals • Low natural gas / high crude oil environment benefiting oxyfuels • Restart U
Slide 39: I&D Linked to Olefins Crackers and Natural Gas; Global Optimization
I&D is Linked to Both Olefins Crackers and Natural Gas Raw Materials Processes Products PO & PO Derivatives PO / TBA NGLs C4 Chemicals / Oxyfuels POSM Styrene Ethylene Oxide Ethylene Olefins Crackers Ethylene Glycol Oxide Solvents Methanol Natural Gas Acetyls Acetic Acid Vinyl Acetate Monomer The di
Slide 40: Profitability Drivers: TBA Derivatives and Propylene Oxide
Profitability Drivers for TBA Derivatives: Oxyfuels & Isobutylene MTBE Spread Factors Key Drivers (¢ / gallon) ¢120 • Butane to crude oil price • Increasing global gasoline demand 90 with more stringent gasoline requirements 60 • Impact of olefins light cracking Sources of LYB 30 Competitive Advanta
Slide 41: Profitability Drivers for Methanol; Our Path to Growth
Profitability Drivers for Methanol Key Drivers N. America Methanol Supply / Demand Growth (KT) 9,000 Demand Supply • U.S. natural gas advantage 6,750 • Oil to gas ratio 4,500 • Increasing gasoline demand with 2,250 more stringent gasoline qualities 2012 2016E 2012 2016E Sources of LYB Chemical Use G
Slide 42: Methodical Program Continues to Deliver Growth and Earnings
Methodical Program Continues to Deliver Growth and Earnings • Proprietary technologies • Advantaged feedstock • Improving global demand • System optimization • Methanol restart • PO / TBA China joint venture Bayport, TX lyondellbasell.com 66
Slide 43: Refining Overview
S E I Z E T H E M O M E N T S ECURING THE FUTURE Refining Kevin Brown SVP, Refining lyondellbasell.com Refining Overview Houston Refinery EBITDA ($ in millions) $1,000 • 268,000 barrels per day capacity 750 • 12.5 Nelson Complexity Index 500 • Processes hea heavy, high high-sulfur s lf r cr crude de
Slide 44: Response to Environment; 2012 Environment Shifted from 2011
Response to Environment / Situation Environment Response • Pipeline infrastructure lagging • Diversifying our crude supply North American crude development • Focusing on operations • Canadian heavy crude – Cost & capital discipline opportunities developing – Flexibility – Debottlenecking • Low natur
Slide 45: Cost and Capital Discipline; Profitability Drivers
Cost and Capital Discipline Focus Indexed Manufacturing Operating Indexed Maintenance Capital Cost(1) Spending(2) (2010 = 100%) (2010 = 100%) 120% 120% Operating Costs 2010 Inflation Trend 90% 90% 60% 60% 30% 30% 2010 2011 2012 2010 2011 2012 1) Manufacturing operating cost per refinery throughput i
Slide 46: New Pipelines to Supply Advantaged Crude
New Pipelines to Supply Advantaged Crude New Pipeline Capacity to Houston Crude Oil Acquisition Timeline $62 • 230 Mbbls/day Venezuela crude 2006 - 2009 contract Heavy crude oils Q4 2012 average crude from Canada oil price ($/bbl) • 200 - 215 Mbbls/day Venezuela crude 2009 - 2010 • Balanced with Car
Slide 47: Improving Performance at Houston Refinery
Improving Performance at Houston Refinery Improvement Timing Cost Progress Potential Value ($MM/yr) ($MM/yr) (1) 1. Returning to 2005 - 2007 full f ll operating ti rates t 2011- 2012 Minor capital $125 2. Improve yield to clean fuels – Fluid Catalytic 2011 < $25 incremental $20 Cracking Unit tur
Slide 48: Transition to a New Crude Oil Environment
Transition to a New Crude Oil Environment • Capability to run 50% light crude oils • Broadened flexibility – Increased sulfur capabilities – Increased gravity range • Expanded supply of pipeline delivered Canadian crude oils • Improved yields of higher valued products lyondellbasell.com LyondellBase
Slide 49: Financial Review: Continued Strong Performance
S E I Z E T H E M O M E N T S ECURING THE FUTURE Financial Review Karyn Ovelmen Chief Financial Officer lyondellbasell.com Continued Strong Performance EBITDA Total Debt ($ in billions) ($ in billions) $8 $6 6 4 2 4 May 1, Dec 31, Dec 31, Dec 31, 2010 2010 2011 2012 Total Liquidity ($ in billions) $
Slide 50: History of Actions; Cost Control
History of Actions 2009 2010 2011 2012 • New management • Public company • Initiated dividend • Completed • Cost reduction • First debt reduction • Refinanced debt refinancing • Establish E t bli h ttrade d credit dit • First Fi t special i l dividend di id d • Increased liquidity • Small capital pr
Slide 51: Financial Restructurings in 2011 & 2012; Controlling Working Capital
Financial Restructurings in 2011 & 2012 Interest Expense(1) Restructuring Benefits ($ in millions) $800 • Reduced total debt from $7.2 billion at 600 emergence in 2010 to $4.4 billion at the end of 2012 400 200 • Lowered interest expense 0 '11 '12 '13E 2012 EBITDA(2) / Interest Expense(1) • Increase
Slide 52: LYB Delivers More Cash to the Bottom Line; Growth and Returns vs. Peers
LYB Delivers More Cash to the Bottom Line ‘11 - ‘12 Free Cash Flow as % of ‘11 - ‘12 Free Cash Flow as % of EBITDA(1) 2012 Year-End Market Cap 75% 10% 60% 8% 45% 6% 30% 4% 15% 2% LYB D C A B LYB B D C A LYB free cash flow generation significantly exceeds peers Source: Based on company filings and Ca
Slide 53: Cash Deployment Hierarchy; Returned Cash to Shareholders
Cash Deployment Hierarchy Current Status Comments $700 - $800 Base Capex million/yr • First p priorities for cash Interest ~$260 million/yr Foundation Interim ~$920 million • Fund through the cycle with Dividend per year cash flow from operations ~$750 million • High-return in advantaged Growth Cape
Slide 54: Deploying Capital to Benefit of Shareholders
Deploying Capital to Benefit of Shareholders Capital Expenditures: Base vs. Growth ($ in millions) $2,000 Growth Base 1,500 • ~ 50% of 2013 - 2015 capital expenditures are targeted toward 1,000 growth 500 2010 2011 2012 2013E 2014E 2015E Growth Capital Expenditures by Business Segment 2011 – 2012 Av
Slide 55: We Remain Focused on Basics
We Remain Focused on Basics Achievements Future Actions • Record earnings • Invest for organic growth • Flat fixed costs • More frequent cash distributions directly • Debt restructuring / interest reduction to shareholders • Increased liquidity • Continue to improve credit rating • S&P 500 Index inc
Slide 56: Wrap Up
Slide 57: Strategy, Execution and Assets Drive Outperformance
S E I Z E T H E M O M E N T S ECURING THE FUTURE Wrap Up Jim Gallogly Chief Executive Officer lyondellbasell.com Strategy, Execution and Assets Drive Outperformance “Back-to-Basics” Strategy and 2012 Actions • $5.9 B EBITDA Favorable • $2.8 B Net Income Industry Conditions in • $4.8 B Cash Flow Nort
Slide 58: Completed and Future Operational and Financial Improvements
Completed Operational and Financial Improvements Capital Structure • Refinanced high cost debt Berre Refinery • Shutdown Berre Refinery Houston Refinery • Yield improvements & crude flexibility O&P – EAI • Restructured with additional financial impact to come Completed improvements are yield
Slide 59: Previously Announced Growth Opportunities; New Growth Opportunities
Previously Announced High-Return Growth Opportunities La Porte Expansion Olefins Ethane Capability Methanol Restart Additional Remaining Potential Pre- O&P EAI Butadiene Expansion Projected Tax Earnings Spending Midwest Debottlenecks $800 - $1,000 $600 - $700 PO/TBA JV million per year million by 20
Slide 60: Growth On a Strong Foundation
Growth On a Strong Foundation Segment LYB Market Position Portfolio Role Olefins & Polyolefins • NGL advantage Invest – Americas • Cyclical upside Olefins & Polyolefins • Commodities with cyclical upside Restructure – EAI • Differentiated positions and JVs Intermediates & • Proprietary technologies
Slide 61: Appendix
S E I Z E T H E M O M E N T S ECURING THE FUTURE Appendix lyondellbasell.com
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Slide 63: Reconciliation of Segment Information to Consolidated Financial Information
Reconciliation of Segment Information to Consolidated Financial Information P re de c e s s o r S uc c e s s o r C o m bine d 2010 J a nua ry 1 - M ay 1 - ( M illio ns o f U.S . do lla rs ) A pril 3 0 D e c e m be r 3 1 YT D S a le s a nd o t he r o pe ra t ing re v e nue s : Olefins & P o lyo lefin
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Slide 65: Reconciliation of EBITDA to Income from Continuing Operations
Reconciliation of EBITDA to Income from Continuing Operations P redecesso r Successo r Co mbined 2010 January 1 - M ay 1 - (M illio ns o f U.S. do llars) A pril 30 December 31 YT D Segment EBIT DA: Olefins & Polyolefins - Americas $ 487 $ 1,191 $ 1,678 y Olefins & Polyolefins - EAI 221 549 770 Inter
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Slide 67: Reconciliation of Segment Information to Consolidated Financial Information
Table 8 - Reconciliation of Segment Information to Consolidated Financial Information 2011 2012 (Millions of U.S. dollars) Q1 Q2 Q3 Q4 YTD Q1 Q2 Q3 Q4 YTD Sales and other operating revenues: Olefins & Polyolefins - Americas $ 3,572 $ 4,010 $ 3,875 $ 3,423 $ 14,880 $ 3,349 $ 3,283 $ 3,217 $ 3,085 $ 1
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Slide 69: Reconciliation of EBITDA to Income from Continuing Operations
Table 9 - Reconciliation of EBITDA to Income from Continuing Operations 2011 2012 (Millions of U.S. dollars) Q1 Q2 Q3 Q4 YTD Q1 Q2 Q3 Q4 YTD Segment EBITDA: Olefins & Polyolefins - Americas $ 484 $ 577 $ 672 $ 407 $ 2,140 $ 598 $ 776 $ 820 $ 769 $ 2,963 Olefins & Polyolefins - EAI 329 273 247 45 894
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Slide 71: Appendix A: Details of Assumptions
Appendix A Details of Assumptions: • O&P - Americas: – Growth projects potential values are based on LYB growth projects capacities and 2012 industry benchmark margins data from third party consultants as indicated in the O&P Americas section. • O&P - EAI: – Growth projects potential values are base
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Slide 73: Jim Gallogly
Jim Gallogly Chief Executive Officer James L. (Jim) Gallogly is chief executive officer of LyondellBasell, one of the world’s largest olefins, polyolefins, chemicals and refining companies. With annual revenues of $45 billion*, LyondellBasell manufactures products at 58 sites in 18 countries and sup
Slide 74: Karyn Ovelmen
Karyn Ovelmen Chief Financial Officer Karyn Ovelmen is chief financial officer for LyondellBasell, one of the world’s largest olefins, polyolefins, chemicals and refining companies. With annual revenues of $45 billion*, LyondellBasell manufactures products at 58 sites in 18 countries and supplies cu
Slide 75: Kevin Brown
Kevin Brown Senior Vice President, Refining Kevin W. Brown is senior vice president of refining for LyondellBasell, one of the world’s largest plastics, chemicals and refining companies. With annual revenues of $45 billion*, LyondellBasell manufactures products at 58 sites in 18 countries and suppli
Slide 76: Bob Patel
Bob Patel Senior Vice President of the Olefins and Polyolefins- Europe, Asia and International (O&P-EAI) and Technology Business Segments Bhavesh V. (Bob) Patel is senior vice president of the Olefins and Polyolefins-Europe, Asia and International (O&P-EAI) and Technology business segments for Lyond
Slide 77: Patrick Quarles
Patrick Quarles Senior Vice President of the Intermediates and Derivatives Segment (I&D) Patrick (Pat) Quarles is senior vice president of the Intermediates and Derivatives segment (I&D) for LyondellBasell, one of the world’s largest plastics, chemicals and refining companies. With operating revenue
Slide 78: Tim Roberts
Tim Roberts Senior Vice President, Olefins and Polyolefins – Americas (O&P – Americas) Timothy D. (Tim) Roberts is senior vice president of the Olefins and Polyolefins – Americas (O&P – Americas) segment for LyondellBasell, one of the world’s largest plastics, chemicals and refining companies. With
Slide 79: Sergey Vasnetsov
Sergey Vasnetsov Senior Vice President, Strategic Planning and Transactions Sergey Vasnetsov is senior vice president, strategic planning and transactions for LyondellBasell, one of the world’s largest plastics, chemicals and refining companies. With annual revenues of $45 billion*, LyondellBasell m