Need to Address Plastic Waste: LyondellBasell CEO Patel

The video discusses LyondellBasell's role in the plastics industry, highlighting its operations in chemicals and refineries. It addresses the environmental challenges of plastic waste and outlines the company's strategies for a circular economy, including recycling and using renewable feedstocks. The video also explores the financial investments needed to scale these efforts and the importance of consumer demand for recycled products.

What is the expected growth rate of polyethylene demand over the next five years?

• 2.5%

• 5.0%

• 3.4%

• 4.5%

Which of the following is NOT a product made by LyondellBasell?

• Ethylene

• Plastic resins

• Propylene

• Glass

What is the main environmental challenge associated with plastics according to the CEO of LyondellBasell?

• Plastic innovation

• Plastic waste

• Plastic production

• Plastic demand

What is the 'Recover' strategy in LyondellBasell's plan?

• Reducing plastic production

• Chemical recycling

• Using renewable feedstocks

• Mechanical recycling

What percentage of collected plastic is currently recycled?

• 10%

• 15%

• 20%

• 25%

What is the estimated cost for LyondellBasell to expand its recycling efforts over the next five years?

• $500 million

• $2 billion

• $1 billion

• $100 million

What is driving the push for more recycled content in packaging?

• Technological advancements

• Cost reduction

• Consumer demand

• Government regulations