LyondellBasell (NYSE: LYB) today announced a donation of 250.000 Euros to the German Red Cross to assist communities devasted by the heavy floods which struck the region almost two weeks ago. In addition, LyondellBasell will match every Euro donated by their employees in Europe to the Aktion Deutschland Hilft, a joint association of German relief organizations.
“We have seen firsthand the devastation resulting from the flooding across Europe, with our employees and the communities where we operate being greatly impacted. Through the strength and compassion demonstrated by our workforce, we felt compelled to do more to help others in need,” said Jean Gadbois, LyondellBasell senior vice president, Europe, Asia & International Manufacturing. “We are very grateful to the Red Cross and all other aid organizations who are directly involved in the rescue and clean-up operations.”
More than 1,000 rescue operations have been carried out in the hardest-hit areas since July 15. The German Red Cross plays a key role as the central aid organization and has deployed thousands of volunteers to provide aid and support to everybody who is affected.
By LyondellBasell, Press Release
Eastman is investing up to US$1 billion in building what it says is the world’s largest molecular plastics recycling facility in France. The new facility would use Eastman’s polyester renewal technology to recycle up to 160,000 metric tons of hard-to-recycle plastic waste annually – enough plastic waste to fill Stade de France national football stadium 2.5 times.
Korean battery maker LG Energy Solution has opened the books to investors to raise up to $10.8 billion in the country’s largest initial public offering (IPO), according to a term sheet seen by Reuters. The shares will be sold in a price range of 257,000 won to 300,000 won ($216.19-$252.36) apiece to raise between $9.2 billion and $10.8 billion, the term sheet showed.
The SHYNE (Spanish Hydrogen Network) project is the largest multisectoral consortium in Spain, created to promote the decarbonization of the economy through renewable hydrogen. SHYNE will have a total investment of €3.23 billion euros that will serve to develop more competitive technologies and evolve both the Spanish industry and its infrastructure towards decarbonization, generating more than 13,000 jobs.