![]() ![]() Actual results could differ materially based on factors including, but not limited to, our ability to successfully develop or deploy low-carbon technologies, meet our sustainability goals or connect with other leading companies and entrepreneurs. When used in this release, the words "believe," "may," "will," "expect," and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. ![]() These forward-looking statements are based upon assumptions of management of LyondellBasell which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. The statements in this release relating to matters that are not historical facts are forward-looking statements. ![]() For more information, please visit or follow on LinkedIn.įorward-Looking Statement for LyondellBasell As one of the world's largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. Across all we do, we aim to unlock value for our customers, investors and society. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. We are LyondellBasell – a leader in the global chemical industry creating solutions for everyday sustainable living. These investments align with the company's goal that for every dollar LyondellBasell invests in venture funds addressing critical sustainability challenges, the company helps catalyze another five dollars from co-investors. These venture capital funds are focused on accelerating the development of infrastructure and recycling technologies needed to address plastic waste challenges in North America, Europe, and Asia. In addition to Chrysalix, LyondellBasell has invested in Closed Loop Circular Plastics Fund, Infinity Recycling, and HX Venture. Technologies that support carbon neutrality offer a value creation and a new business opportunity, companies with a proactive carbon strategy will create long term sources of differentiation." "Working closely with our Limited Partners, the Fund will connect leading companies with outstanding entrepreneurs, linking market driven problems to innovative solutions while seizing the value creation opportunity of carbon neutrality. "We are pleased to welcome LyondellBasell and other leading international investors to the Carbon Neutrality Fund," said Fred van Beuningen, Managing Partner at Chrysalix Venture Capital. "Chrysalix Venture Capital has an established track record of investing in new climate technologies and a strong focus on developing innovative solutions for hard-to-abate sectors, including chemicals." "Sustainability is integrated into our business strategy, and we are confident the Carbon Neutrality Fund will help us advance our industry-leading climate goals, as we create value, and develop products and solutions that contribute to a better tomorrow," said Jim Seward, executive vice president and chief innovation officer at LyondellBasell. These investments expand LyondellBasell's venture capital activities to help advance its ambitious sustainability goals. The fund will support emerging companies developing and deploying new low-carbon technologies, focusing on hard-to-abate sectors, such as the chemicals industry. ROTTERDAM, Netherlands, J/PRNewswire/ - LyondellBasell LYB today announced its investment in a new Carbon Neutrality Fund led by Chrysalix Venture Capital. ![]()
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