Lyondellbasell

Lyondellbasell's reported carbon emissions

LyondellBasell, a chemicals company headquartered in the Netherlands, has set ambitious climate targets. The company aims to achieve net-zero greenhouse gas (GHG) emissions from its global operations by 2050. For the near term, LyondellBasell has committed to reducing its absolute Scope 1 and Scope 2 GHG emissions by 42% by 2030, using 2020 as the baseline year. Additionally, it has set a target to reduce its absolute Scope 3 GHG emissions by 30% by 2030, also relative to a 2020 baseline. In terms of reported emissions, for the reporting year 2025, LyondellBasell reported a total of approximately 89.6 billion kg CO2e. This figure is comprised of approximately 12.9 billion kg CO2e from Scope 1, approximately 6 billion kg CO2e from Scope 2, and approximately 70.7 billion kg CO2e from Scope 3 emissions. For the same year, Scope 1 and 2 emissions combined were approximately 18.9 billion kg CO2e. In the previous year, 2024, the company reported total emissions of approximately 135.7 billion kg CO2e, including approximately 15 billion kg CO2e for Scope 1, approximately 7.1 billion kg CO2e for Scope 2, and approximately 113.6 billion kg CO2e for Scope 3. For 2023, total emissions were approximately 136.2 billion kg CO2e, with Scope 1 emissions at approximately 15.4 billion kg CO2e, Scope 2 at approximately 7 billion kg CO2e, and Scope 3 at approximately 113.8 billion kg CO2e. LyondellBasell's emissions reduction strategy includes optimising energy efficiency in manufacturing, sourcing renewable electricity through power purchase agreements, and implementing carbon capture and storage/utilisation (CCS/CCU) technologies. The company is actively involved in initiatives and industry standards, such as those from the Science Based Targets initiative (SBTi), to guide its climate action.