From What to How – LyondellBasell’s Steps to a Low-Carbon Future

About LYB

LyondellBasell (LYB) is a leader in the global chemical industry, creating solutions for everyday sustainable living. Through advanced technology and focused investments, the company is enabling a circular and low-carbon economy. Across all its efforts, LYB aims to unlock value for customers, investors, and society.

As one of the world's largest producers of polymers and a leader in polyolefin technologies, LYB develops, manufactures, and markets high-quality, innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. As a leader in the industry, LYB has an important role in driving change. The company supports the global objectives to limit global temperature rise to well below 2 °C above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5 °C.

Setting bold Sustainability Goals

LYB believes that a commitment to net zero Scope 1 and Scope 2 GHG emissions by 2050, along with a credible pathway to 2030 for Scopes 1, 2, and 3, is critical to its long-term success. The company aims to reduce Scope 1 and 2 emissions by 42% and Scope 3 emissions by 30% by 2030, relative to a 2020 baseline.

LYB also has an ambition to produce and market at least 2 million metric tons of recycled and renewable-based polymers annually by 2030. [1]

Achieving these goals requires precise, scalable sustainability data. Automating Lifecycle Assessment (LCA) and product carbon footprint (PCF) calculations is key to integrating sustainability metrics into operations and tracking progress towards these goals.

Key Facts

Net Income (2024): $1.4B

Employees (2024): 20,000

Production Sites (2024): 94

The Need for Scalable Sustainability Data Management

Managing environmental data globally is complex, with variations in raw materials, energy sources, and production processes. LYB needed to standardize sustainability data to improve accuracy in carbon footprint calculations. Harmonizing Enterprise Resource Planning (ERP) data was a key first step to ensure consistent sustainability reporting.

With growing regulatory requirements and customer demand for transparent sustainability metrics, LYB sought a scalable and automated solution. AllocNow’s platform was the answer.

The AllocNow Product Sustainability Platform: A Data-Driven Solution

LYB partnered with AllocNow to implement the Product Sustainability Platform (PSP) - a data-driven solution for automated product carbon footprint (PCF) calculations and LCA standardization.

AllocNow’s platform centralizes sustainability data, improving comparability, regulatory alignment, and transparency. By automating LCA calculations through the PSP, LYB ensures a consistent methodology across production sites, resolving data inconsistencies and regional differences. This improves reporting accuracy, delivering crucial sustainability insights to value chain partners and helping customers assess product footprints and advance their own sustainability goals.

The PSP also models complex material and energy flows in chemical production, including processes like steam cracking, allowing LYB to evaluate its full product range - from byproducts to final sales - and manually adjust to meet industry standards, company requirements, and regulatory expectations.

"The AllocNow PSP has transformed how we look at sustainability data. Beyond LCA automation at scale, we can also identify emission hotspots and optimize resource allocation. This data-driven approach enables us to drive meaningful environmental impact." – Alejandro Mora Sojo, Sr. Manager Digital Technology for Sustainability, Circular & Low Carbon Solutions, LYB

Real Results for Companies Across Industries

The AllocNow PSP not only harmonizes environmental data but also drives results. The platform models complex material and energy flows, helping LYB assess its entire product range. This enables LYB to identify emission hotspots and opportunities for efficiency improvements, further advancing its sustainability goals.

For companies looking to improve sustainability practices, AllocNow’s platform is a game-changer. The solution ensures compliance with industry standards such as ISO 14040/44 and ISO 14067, along the Together for Sustainability (TfS) PCF-Guidelines with providing real-time data to manage sustainability performance.

Building a Sustainable Future: Innovating Beyond LCA Automation

LYB’s partnership with AllocNow goes beyond automating LCAs. This drives industry collaboration and accelerates the transition to a low-carbon, circular economy.

For companies seeking to meet evolving market demands and regulatory requirements, AllocNow’s platform offers the tools to transform sustainability journeys and achieve real impact. The PSP allows companies to:

• Automate LCA and PCF calculations at scale, ensuring consistent methodology across sites.

• Gain insights to identify emissions hotspots and optimize resources

• Improve transparency, building stronger relationships with customers and stakeholders.

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[1] Production and marketing includes (i) joint venture production marketed by LYB plus its pro rata share of the remaining production produced and marketed by the joint venture, and (ii) production via third-party tolling arrangements