- Lyondell Chemical Company
Infobox_Company
company_name = Lyondell Chemical Co.
company_
company_type = Private
foundation = 1985
location = Houston,Texas , U.S.
key_people =Morris Gelb , Chief Executive Officer
industry =Manufacturing
products = Chemicals, Polymers
revenue = profit$24 Billion USD (2005)
num_employees = 10,880 (2006)
homepage = [http://www.lyondell.com/ 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.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 aFortune 500 company that operates in five continents and employs over 11,000 people. Lyondell is the global leader inpropylene oxide production and is the largest North American supplier ofstyrene monomer . Other Lyondell products includeethylene ,polyethylene , andtitanium 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 facilityHouston 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 byAccess 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.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.
Executives
*Dr. Volker Trautz-
Chief Executive Officer
*Alan Bigman-Chief Financial Officer North American facilities
Florida
* Jacksonville Facility
Georgia
* Colonel's Island Plant
Illinois
* Morris Complex
* Tuscola PlantIowa
* Clinton Complex
Maryland
* Baltimore St. Helena Plant
New Jersey
* Newark Plant
Ohio
* Cincinnati Technology Center
* Fairport Harbor FacilityPennsylvania
* Newtown Square Technology Center
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 HeadquartersEuropean facilities
France
*
Fos-sur-Mer (Marseille area)Netherlands
* Botlek (
Rotterdam )
*Maasvlakte (Rotterdam )Environmental record
Researchers at the
University of Massachusetts Amherst have identified Lyondell as the 53rd-largest corporate producer ofair pollution in the United States, with roughly 8 million pounds of toxic chemicals released annually into the air. [ [http://www.peri.umass.edu/Toxic-100-Table.265.0.html Political Economy Research Institute Toxic 100 (Study releasedMay 11 2006 )] retrieved17 August 2007 ] Major pollutants indicated by the study includechlorine ,butadiene ,dicyclopentadiene , and diaminotoluene. [ [http://www.rtknet.org/new/tox100/toxic100.php?company1=8327&chemfac=chem&advbasic=bas Toxics Release Inventory courtesy rtknet.org] ]References
External links
* [http://www.lyondell.com/ Official site]
* [http://www.lyondellbasell.com/ LyondellBasell Industries site]
* [http://finance.yahoo.com/q/pr?s=LYO Yahoo! profile]
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