Lyondell Basell's proprietary Moretec molecular recycling technology is based on chemical recycling but it also includes a catalyst-based approach. The technology aims to return post-consumer plastic waste back to its molecular form and use it as feedstock for the production of new plastic materials. Currently, the company has set up a pilot plant in Italy to advance its technology towards commercial scale.

Under the MOU, Lyondell Basell and Bora will form a 50:50 JV in China. The new JV will also operate a 1.1 million tonne ethylene cracker which is expected to produce olefins & polyolefins in order to expand Lyondell Basell’s participation in the rapidly growing Chinese olefins & polyolefins market.

Lyondell Basell announced that China Sinopec International and Sinopec-SK (Wuhan) have selected their Hostalen Advanced Cascade Process (Hostalen ACP) technology.

Lyondell Basell and its joint venture partner Covestro, started operation of a large investment project at their site in Maasvlakte-Rotterdam, the Netherlands. The Circular Steam Project incorporates an innovative technology into the existing production plant to convert its water-based waste into energy.

Lyondell Basell announced that Qingdao Jinneng New Material has selected their polypropylene fifth generation Spheripol technology for a 450 KTA unit to be constructed in their petrochemical complex in Qingdao City, Shandong Province, China.

Liaoning Bora Petrochemical has selected Lyondell Basell’s polypropylene (PP) and polyethylene (PE) technologies for three new plants in its new petrochemical complex in Panjin, Liaoning Province, China.

Lyondell Basell announced that Hengli Petrochemical (Dalian) has selected their Hostalen ACP polyethylene process technology for a 400 kta project in China.

Lyondell Basell plans to boost the capacity for Tri-Ethylene Glycol (TEG) at its plant in Pasadena, Texas, by 50 million tons. This project would nearly double the company's TEG–output in Pasadena, making it one of the largest of its kind.

Lyondell Basell, one of the world’s largest plastics, chemical, and refining companies, appointed Jeff A. Kaplan as their new executive vice president and chief legal officer.