LyondellBasell (NYSE: LYB) today announced Peter Vanacker will assume his role as the company’s chief executive officer on May 23, 2022. The Company’s Board of Directors appointed Vanacker to the position in December 2021.
Peter Vanacker assumes LyondellBasell Chief Executive Officer role on May 23, 2022.
“It is a real honor for me to join LyondellBasell at this very exciting time for our industry. LyondellBasell has a rich legacy as an innovation and technology leader and is recognized for its operational excellence and financial discipline,” said Vanacker. “I am very inspired to continue this successful journey with a talented and passionate team to deliver sustainable solutions for our customers and other stakeholders.”
“Peter’s proven leadership capabilities and strategic vision will position LyondellBasell well for the future, and I look forward to partnering with him to drive accretive growth for our company,” said Jacques Aigrain, Board Chair.
Vanacker brings more than 30 years of industry experience to his new role, including serving as President and CEO of Neste since 2018.
By LyondellBasell, Press Release
France has launched an offshore green hydrogen production platform at the country’s Port of Saint-Nazaire this week, along with its first offshore wind farm. The hydrogen plant, which its operators say is the world’s first facility of its type, coincides with the launch of another “first of its kind” facility in Sweden dedicated to storing hydrogen in an underground lined rock cavern (LRC).
The project sets up the Hydrogen Valley in Rome, the first industrial-scale technological hub for the development of the national supply chain for the production, transport, storage and use of hydrogen for the decarbonization of industrial processes and for sustainable mobility.
At first glance, hydrogen seems to be the perfect solution to our energy needs. It doesn’t produce any carbon dioxide when used. It can store energy for long periods of time. It doesn’t leave behind hazardous waste materials, like nuclear does. And it doesn’t require large swathes of land to be flooded, like hydroelectricity. Seems too good to be true. So…what’s the catch?