LyondellBasell CEO Patel's Vow to Accelerate Growth Through Acquisitions

The video discusses LyondellBasell, a petrochemical giant, detailing its operations, financial history, and growth strategies. It highlights the company's use of natural gas for cost advantages and its expansion plans, particularly in Latin America. Challenges in building new plants and market dynamics are also explored, emphasizing the balance between supply and demand in the industry.

What is the primary product LyondellBasell creates from oil or gas?

• Polystyrene

• Polyvinyl chloride

• Polypropylene

• Polyethylene

What significant financial event did LyondellBasell experience in 2009?

• Acquisition by another company

• Initial public offering

• Merger with a competitor

• Chapter 11 bankruptcy filing

What was the purpose of LyondellBasell's acquisition of A. Schulman?

• To increase its natural gas supply

• To reduce operational costs

• To diversify its product offerings

• To enter the Asian market

What is LyondellBasell's target leverage ratio for financial comfort?

• 1.5 times EBITDA

• 2.5 times EBITDA

• 3.5 times EBITDA

• 4.5 times EBITDA

Why is Latin America considered an important market for LyondellBasell?

• It offers high-quality assets and management

• It has low labor costs

• It has a large consumer base

• It provides easy access to raw materials

What is a major challenge in building new plants in the US for LyondellBasell?

• Lack of skilled labor

• Strict environmental regulations

• High construction costs

• Limited access to raw materials

At what operating rate do sellers typically lose pricing power in the petrochemical industry?

• Between 90% and 95%

• Below 90%

• Exactly 100%

• Above 95%