Tuscola Plant parent LyondellBasell named one of the World’s Most Admired Companies
January 23, 2018
TUSCOLA, Ill.- Jan. 23, 2018 -- LyondellBasell (NYSE: LYB), the operator of the Tuscola Plant in Tuscola, IL, has been named to Fortune Magazine’s list of the “World’s Most Admired Companies” for 2018. This is a first-time achievement for LyondellBasell, one of the world’s largest plastics, chemicals and refining companies.
“We all contribute to the company in different ways,” said Aaron McKee, the manager of LyondellBasell’s Tuscola Plant. “Our employees are thrilled to contribute locally to this honor. It invigorates us to continue to work safely and thoughtfully as a community leader in Tuscola.”
LyondellBasell CEO Bob Patel noted, “This recognition can be 100 percent attributed to our teams in Tuscola and around the world who are setting the benchmark for excellence in the chemical industry every single day. They are humble, hungry and focused on delivering on the promise of being the best operated, most valued company in our industry.”
The list, which is voted on by industry peers, including executives, directors and financial analysts, sought feedback on the company’s performance in nine key areas – the ability to attract and retain talent, the quality of management, social responsibility, innovation, quality of products and services, use of corporate assets, financial soundness, long-term investment value and global competitiveness.
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About LyondellBasell’s Tuscola Plant
The Tuscola plant employs around 100 people and occupies nearly 900 acres. The site produces ethyl alcohol, diethyl ether and specialty polymers. Ethyl alcohol, or ethanol, is used in many health care and personal product applications such as hair spray, capsule manufacturing, hand sanitizer, and pharmaceutical cleaning. Diethyl ether finds applications as a laboratory reagent solution, usage in chemical synthesis, as an ammunition drier, and starter fluid. The specialty polymers produced here include microfine powders used as additives in personal care products, lubricants, binding agents, water filtration systems, and moisture barriers.
About LyondellBasell
LyondellBasell (NYSE: LYB) is one of the largest plastics, chemicals and refining companies in the world. Driven by its 13,000 employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, and improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road. LyondellBasell sells products into approximately 100 countries and is the world's largest licensor of polyolefin technologies. In 2018, LyondellBasell was named to Fortune magazine’s list of the “World’s Most Admired Companies.” More information about LyondellBasell can be found at www.lyondellbasell.com.
Media Contact: Megan Borchers O: 815-942-7474 C. 815-210-1980 megan.borchers@lyb.com