A Bright Future at LyondellBasell

Monday, May 23, 2022

Today marks my first day as the CEO of LyondellBasell, a leader in the global chemical industry. I am honored and excited to be at the helm of a company with such a rich legacy.   

LyondellBasell is clearly a high-performing company with an incredible foundation to build upon. We enjoy advantaged assets and technology, passionate and innovative people, and the ability to operate both cost effectively and safely with strong cash generation.

Our success as a company is dependent on the relationship and trust we have with our customers and partners. They are at the heart of everything we do, which is why collaboration is so important. Together, we can drive innovation and develop more sustainable solutions.

When it comes to teamwork at LyondellBasell, I believe there is an opportunity to build on our strengths and accelerate our growth and value delivered to all stakeholders. Our capital allocation strategy and strong investment-grade balance sheet have positioned us for future success.  

I’m joining at an exciting time for our industry. LyondellBasell has already made a strong sustainability and circularity commitment and is working on the implementation. My commitment is to drive that change as a thought leader in the industry together with the brand owners, our customers, partners and suppliers. I am convinced we need all players in the value chain to work together to successfully make the change happening towards a more sustainable world.

My aspiration is to continue to advance LyondellBasell not only into a true market shaper that will play into long-term growth trends; but also into an incredible place for our employees to develop and grow their careers.

I see a bright future for LyondellBasell, and I’m proud to help us advance and deliver the tomorrow we  know is possible.


Peter Vanacker
Chief Executive Officer