LyondellBasell CEO Bob Patel, Proctor & Gamble CEO David Taylor and Veolia CEO Antoine Frérot to lead global alliance. LyondellBasell, one of the largest plastics, chemicals and refining companies in the world today announced CEO Bob Patel has joined with Proctor & Gamble CEO David Taylor and Veolia CEO Antoine Frérot in leading the newly announced global Alliance to End Plastic Waste (AEPW).
The AEPW is the first-ever international coalition of chemical and plastics manufacturers, converters, consumer goods companies, retailers and waste management companies dedicated to partnering with the finance community, government, and environmental and economic development NGOs to find marketbased solutions to ending plastic waste in the environment. LyondellBasell is a founding member of AEPW.
“From helping to reduce food waste and improving healthcare products to cutting fuel consumption and emissions from lightweight vehicles, there is no doubt that plastics have played a positive role in improving quality of life for billions of people around the world,” said LyondellBasell CEO Bob Patel. “But like so many other products, responsibly managing their disposal or reuse has become a concern – not just for governments or NGOs, but for all of us.”
The nearly 30 companies and organizations that comprise the AEPW have a goal to commit $1.5 billion over the next five years to develop and bring to scale solutions that will minimize and manage plastic waste and promote post-use solutions.
“This approach is unique because it brings together and focuses the efforts and knowledge of plastics producers, consumer goods companies and retailers, as well as waste management companies,” Patel said. “Having the resources and knowledge of the entire global value chain underone umbrella with the same goal is really very powerful.”
ABOUT LYONDELLBASELL: LyondellBasell (NYSE: LYB) is one of the largest plastics, chemicals and refining companies in the world. Driven by its employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity ofwater supplies through stronger and more versatile pipes, improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road, and ensuring the safe and effective functionality in electronics and appliances. LyondellBasell sells products into more than 100 countries and is the world’s largest producer of polypropylene compounds and the largest licensor of polyolefin technologies. In 2018, LyondellBasell was named to Fortune magazine’s list of the “World’s Most Admired Companies.”