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 a Fortune 500 company that operates in five continents and employs over 11,000 people. Lyondell is the global leader in propylene oxide production and is the largest North American supplier of styrene monomer. Other Lyondell products include ethylene, polyethylene, and titanium 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 facility Houston 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 by Access 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 Plant

Iowa

* Clinton Complex

Maryland

* Baltimore St. Helena Plant

New Jersey

* Newark Plant

Ohio

* Cincinnati Technology Center
* Fairport Harbor Facility

Pennsylvania

* 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 Headquarters

European 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 of air 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 released May 11 2006)] retrieved 17 August 2007] Major pollutants indicated by the study include chlorine, 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]