LyondellBasell's Dalian Plant Powers Up with Renewable Energy, Trading Volume Drops to 284th Rank

On April 10, 2025, LyondellBasell (LYB) experienced a significant decline, with its trading volume dropping by 34.86% to 4.25 billion, ranking 284th in the day's market. The stock price fell by 9.18%.

LyondellBasell, a prominent player in the global chemical industry, has taken a significant stride in its sustainability efforts by securing a one-year agreement to power its Dalian, China, manufacturing facility with 100% renewable electricity for 2025. This achievement marks the Dalian site as the first LYB Advanced Polymer Solutions (APS) plant in Asia to operate entirely on renewable energy.

By utilizing 100% renewable electricity, LYB aims to reduce carbon emissions by nearly 5,000 tons of CO2 in 2025, equivalent to removing approximately 1,000 passenger cars from the road for a year. This initiative supports the Chinese automotive industry’s efforts to lower product carbon footprint (PCF) and integrate more sustainable manufacturing solutions.

Rolf van Beeck, vice president of APS APAC & AfMEI at LYB, emphasized the company's commitment to providing more sustainable solutions to its customers. As the demand for energy-efficient vehicles grows, LYB is not only supplying high-performance automotive materials but also partnering with customers to drive a more sustainable future.

This transition was facilitated through China’s Green Electricity Transaction program, leveraging both Green Electricity Certificates (GEC) and Green Electricity Consumption Certificates (GECC). By securing renewable electricity at a cost lower than non-green sources, LYB demonstrates how sustainable solutions can also be cost-effective. The Dalian facility’s power mix consists primarily of wind and solar photovoltaics, further reinforcing the company’s sustainability strategy.

Decisions regarding electricity sourcing beyond 2025 will be evaluated based on cost, availability, and overall business strategy, aligning with LYB’s commitment to balancing sustainability and operational efficiency. The Dalian site, established in 2015, plays a crucial role in the automotive industry, supplying high-performance materials for various components. Through such initiatives, LYB is not only addressing current challenges but also shaping the future of sustainable automotive manufacturing.