Morris Complex parent LyondellBasell named one of the World’s Most Admired Companies
January 22, 2018
MORRIS, Ill.- Jan. 22, 2018 -- LyondellBasell (NYSE: LYB), the operator of the Morris Complex in Morris, 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.
“Our LyondellBasell Morris Complex is responsible for employing around 580 local workers,” said Tim Carnell, the manager of LyondellBasell’s Morris Complex. “We proudly deliver cutting edge products that advance the modern world, while contributing as an economic engine to the local community. We are humbled that our local contributions add to this honor.”
LyondellBasell CEO Bob Patel noted, “This recognition can be 100 percent attributed to our teams in Morris 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 Morris Complex
Approximately 400 employees and contractors work on the site which covers an area of almost 700 acres. Using natural gas liquids as a feedstock, the plant manufactures ethylene, the world’s most widely-used petrochemical, which is then converted into polyethylene plastic resins. These resins serve as building blocks for countless products that provide the necessities of modern life, such as leak-proof and shatter-proof containers for industrial and household chemicals, packaging that protects our food from spoilage and contamination, and children's toys that are safe and durable. LyondellBasell is one of the largest producers of ethylene and polyethylene in North America.
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