Sector News

LyondellBasell Appoints Bhavesh Patel as CEO

December 19, 2014
Energy & Chemical Value Chain
Chemicals company LyondellBasell Industries has appointed Bhavesh V. Patel as chief executive, succeeding James L. Gallogly, who previously announced plans to retire.
 
The change is effective Jan. 12.
 
Mr. Gallogly said in September that he would retire in early 2015 from LyondellBasell, which has operations including plastics, chemicals and refining.
 
Mr. Patel most recently served as executive vice president of olefins and polyolefins. He previously worked at Chevron Corp. and Chevron Phillips Chemical Co., and joined LyondellBasell in March 2010 as senior vice president of O&P. He was promoted to executive vice president in October 2013 and appointed to the management board in April.
 
The Houston-based chemicals-and-polymer producer has posted high revenue and earnings growth in the past few quarters, a large turnaround since it emerged from Chapter 11 bankruptcy in 2010. In its most recently ended quarter, earnings rose 6.7%, led by a 40% increase in operating revenue from one of Mr. Patel’s segment: olefins in the Americas.
 
Shares of LyondellBasell, which were inactive premarket, are down about 6% this year.
 
By Angela Chen
 

comments closed

Related News

February 17, 2024

INEOS Inovyn launches Ultra Low Carbon Chlor-Alkali range

Energy & Chemical Value Chain

INEOS Inovyn announces a new Ultra Low Carbon range (ULC) of Chlor-Alkali products that reduce the carbon footprint of caustic soda, caustic potash and chlorine by up to 70% compared to industry averages. The new range uses renewable energy sources to power INEOS Inovyn manufacturing sites.

February 17, 2024

Solvay completes coal phase-out at Wyoming soda ash plant

Energy & Chemical Value Chain

Solvay operates seven soda ash plants worldwide. Beyond Green River, coal is being phased out at two of the company’s plants in France and Germany. By the end of 2024, the Rheinberg, Germany site will become the first soda ash plant in the world to be powered primarily with renewable energy.

February 17, 2024

Chemours names new board member

Energy & Chemical Value Chain

The Chemours Company has named Pamela Fletcher to its board of directors, effective March 1. Fletcher, formerly the chief sustainability officer at Delta Air Lines Inc., takes the seat of Sandra Phillips Rogers, who has opted not to stand for reelection to the company’s board.

How can we help you?

We're easy to reach