"LyondellBasell was formed with a focus on customers and markets, a dedication to operational excellence and an emphasis on innovation," Trautz said. "Our products benefit people and communities all over the world.
We are committed to operating our businesses with the highest principles of integrity, ethics and corporate responsibility, including the highest standards of health, safety and environmental performance.
As an industry leader, we recognize the importance of being a responsible corporate citizen in our communities."
Len Blavatnik, founder and Chairman of Access Industries, said: "The combination of the world class talent, technology, refining and petrochemical capabilities from Lyondell and Basell creates an unrivaled global petrochemical platform. LyondellBasell is a dynamic addition to Access's industrial portfolio."
Access Industries is a privately held, U.S.-based industrial group that was founded in 1986 and has long-term holdings worldwide in three key sectors: natural resources and chemicals; telecommunications and media; and real estate.
Lyondell Chemical Company