\u201cToday is an important day for the future of our industry location. The plant is more than just a construction project \u2013 it is a symbol of the successful transformation towards a sustainable and innovative industry. With this investment, LYB is demonstrating that our federal state is an attractive location for leading companies that are ready to tackle the challenges of the future,\u201d\u00a0says Mona Neubaur, Minister for Economic Affairs, Industry, Climate Action and Energy of the State of North Rhine Westphalia<\/strong>. \u201cThe technologies that are being developed here will make a significant contribution to strengthening our competitiveness and creating a more sustainable economy. We are proud to be taking this path together and I look forward to the positive momentum that will come from this project.\u201d<\/p>\n

\u201cNorth Rhine-Westphalia is Germany’s largest chemical location \u2013 and one of the most innovative on the road to climate neutrality. We want to remain a strong industrial state and at the same time become climate neutral. With the groundbreaking of LYB MoReTec-1, LYB is providing important and forward-looking impetus for a strong circular economy in the plastics and chemical industry,\u201d\u00a0says Hendrik W\u00fcst, Minister President of North Rhine-Westphalia<\/strong>. \u201cOnly by working together can we strengthen North Rhine-Westphalia as a research and industrial location and expand our leading position in the field of chemical recycling. To do this, the chemical industry in particular needs better framework conditions, in Europe and at the federal level.\u201d<\/p>\n

About LyondellBasell\u202f<\/strong><\/p>\n

We are LyondellBasell (NYSE: LYB) \u2013 a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors and society. As one of the world\u2019s 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. For more information, please visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.<\/p>\n

Forward-Looking Statements<\/strong>
\nThe statements in this release relating to matters that are not historical facts are forward-looking statements. 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. Actual results could differ materially based on factors including, but not limited to, our ability to meet our sustainability goals, including the ability to increase production of recycled and renewable-based polymers to meet our targets and forecasts, and reduce our emissions and achieve net zero emissions by the time set in our goals; our ability to build a profitable Circular & Low Carbon Solutions business; and the successful construction within the anticipated timing, and operation of the facilities described in this release. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the \u201cRisk Factors\u201d section of our Form 10-K for the year ended December 31, 2023, which can be found at www.LyondellBasell.com on the Investor Relations page and on the Securities and Exchange Commission\u2019s website at www.sec.gov.<\/p>\n