LyondellBasell Secures Capacity to Meet Renewable Electricity Target [Yahoo! Finance]
LyondellBasell Industries NV Ordinary Shares Class A (Netherlands) (LYB)
Last lyondellbasell industries nv ordinary shares class a (netherlands) earnings: 5/1 06:30 am
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Source: Yahoo! Finance
This PPA brings LYB's total secured renewable power capacity to 100% of its renewable electricity procurement goal. LYB's electricity consumption constitutes approximately 15% of its 2020 baseline scope 1 and 2 greenhouse gas emissions. The company's objective of obtaining at least 50% of its electricity from renewable sources by 2030 is based on 2020 procurement levels. Under the 15-year PPA, LYB will receive 25 megawatts of renewable electricity generation capacity from the Hollandse Kust West VI (HKW-VI) ecology plot offshore wind farm in the North Sea of the Netherlands. Eneco will provide LYB with about 103 gigawatt-hours of offshore wind electricity per year beginning in 2027. This is equivalent to the annual electricity consumption of almost 28,500 European houses. The offshore wind park will be among the largest of its kind in the Netherlands. Shares of LyondellBasell have gained 2.6% over the past year compared with a 1% rise of its industry. Image Source: Zacks Inv
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News
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- LYB secures capacity to reach its 2030 renewable electricity goal [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Pyrolysis Oil Market - Global Forecasts from 2024 to 2029: Rising Adoption of Eco-friendly Fuel, High Demand from Heat and Power Generation Sectors [Yahoo! Finance]Yahoo! Finance
- Specialty Chemicals Integrated Across Multiple Global Markets, 2022-2023 & 2024-2029 with BASF, Dow, Evonik Industries, LyondellBasell Industries, and Covestro Dominating [Yahoo! Finance]Yahoo! Finance
- Insiders At LyondellBasell Industries Sold US$2.8m In Stock, Alluding To Potential Weakness [Yahoo! Finance]Yahoo! Finance
LYB
Earnings
- 8/2/24 - Beat
LYB
Sec Filings
- 8/22/24 - Form 4
- 8/20/24 - Form 144
- 8/16/24 - Form 4
- LYB's page on the SEC website