LyondellBasell Achieves Renewable Power Milestone

Houston, Oct. 1 /PRNewswire/ LyondellBasell right now introduced that it has taken one other step in the direction of web zero greenhouse fuel (GHG) emissions. The corporate has signed two further long-term energy buy agreements with Buckeye Companions totaling 165 megawatts (MW) from Buckeye’s under-construction photo voltaic farms in North Texas. This announcement is one other instance of LyondellBasell’s progress in the direction of its 2030 objective of supplying at the very least half, or roughly 5 million megawatt-hours (MWh) per yr, of its present electrical energy consumption from renewable sources. .

This settlement is the fourth renewable energy buy settlement for LyondellBasell and comes only one month after the corporate introduced corresponding agreements with ENGIE North America for 100 MW and Buckeye for 116 MW. These 4 agreements complete 381 MW of renewable vitality, which is anticipated to generate roughly 1,037,000 megawatt hours (MWh) of unpolluted electrical energy per yr. This corresponds to the annual electrical energy consumption of greater than 96,000 American properties.

Our objective is to repeatedly enhance high quality of life and the surroundings,” mentioned Peter Vanacker, CEO of LyondellBasell. “Renewable vitality is a vital step in assembly our greenhouse fuel emission discount targets on our journey to web zero emissions by 2050. By way of their use within the manufacturing of wind generators, photo voltaic panels and electrical automobiles, our merchandise are important to the vitality transition Rising our funding in wind and photo voltaic helps to cut back the emissions related to manufacturing life-essential merchandise that allow renewable vitality. “

Buckeye’s Crown and Sol Photo voltaic Initiatives

Buckeye’s Crown and Sol photo voltaic tasks are positioned in Falls County, Texas on adjoining websites and are anticipated to start industrial operations within the third quarter of 2023. The time period of the facility buy agreements with LyondellBasell is 15 yr. The tasks are estimated to generate greater than 400,000 MWh of unpolluted electrical energy per yr for LyondellBasell, the equal of 152,000 tons of carbon dioxide, or the annual electrical energy consumption of practically 37,000 common US properties.

Decarbonizing the electrical energy provide by buying renewable electrical energy is necessary to reaching LyondellBasell’s 2030 objectives. It’s estimated that the renewable vitality goal will scale back roughly 1.5 million tonnes of the corporate’s Scope 2 greenhouse fuel emissions every year.

About LyondellBasell

As a frontrunner within the world chemical trade, LyondellBasell strives daily to be the most secure, best-managed, and most valued firm in our trade. The corporate’s merchandise, supplies and applied sciences contribute to sustainable options for meals safety, entry to ingesting water, healthcare and vitality effectivity in additional than 100 worldwide markets. LyondellBasell values ​​range, equality and inclusion and promote the nice with a concentrate on our planet, the communities wherein we function and our future workforce. The corporate takes nice satisfaction in its world-class know-how and buyer focus. LyondellBasell has strengthened its round economic system and local weather motion ambitions and actions to deal with the worldwide challenges of plastic waste and decarbonization. In 2022, LyondellBasell was acknowledged by FORTUNE journal as one of many “World’s Most Admired Corporations” for the fifth consecutive yr. For extra data, please go to or observe @LyondellBasell on LinkedIn.

Ahead-looking statements

Statements on this launch that handle issues that aren’t historic info are forward-looking statements. These forward-looking statements are primarily based on assumptions made by LyondellBasell’s administration which are believed to be affordable on the time they’re made and contain important dangers and uncertainties. On this press launch, the phrases “estimate”, “consider”, “proceed”, “may”, “intend”, “might”, “plan”, “finally”, “predict”, “ought to”, “will”, “count on” and related expressions establish forward-looking statements, though not all forward-looking statements embody such figuring out phrases. Precise outcomes may differ materially primarily based on components corresponding to: availability of utilities, prices and value volatility; our skill to fulfill our sustainability objectives, together with our skill to cut back our emissions and obtain web zero emissions inside the timelines set by our objectives; our skill to supply vitality from renewable sources; and the profitable building and operation of the tasks described on this communication. Extra components that might trigger precise outcomes to vary materially from these described within the forward-looking statements are included within the “Threat Components” part of our Kind 10-Ok for the yr ended December 31, 2021, which is on the market at www.LyondellBasell. com on the Investor Relations web page and on the Securities and Trade Fee’s web site at what impact they’ll have on our outcomes of operations or monetary situation. Ahead-looking statements converse solely as of the date they’re made and are primarily based on estimates and opinions of LyondellBasell administration on the time the statements are made. LyondellBasell undertakes no obligation to replace any forward-looking assertion ought to circumstances or administration’s estimates or opinions change, besides as required by legislation.

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