Frost & Sullivan recently recognized LyondellBasell with the 2023 Global Company of the Year Award. LyondellBasell is a leading chemical and polymer manufacturer operating throughout the petrochemical value chain.

With nearly 100 production facilities strategically located across the Americas, Europe, and Asia-Pacific, LyondellBasell caters to diverse customer segments. It mainly operates in the medical plastics industry through its Purell product line, encompassing more than 30 grades of polyolefins (polypropylene and polyethylene). It also emphasizes continuous product development and rollout, extending the Purell brand's penetration for wider medical applications.

Its all-encompassing distribution strategy augments product visibility across geographies for various medical applications. Additionally, its dedicated Purell Healthcare Service Concept for medical clientele addresses all the critical regulatory and quality requirements in the healthcare sector. This ensures a seamless customer experience throughout the procurement process.

In Asia, the LyondellBasell store on a well-established Chinese eCommerce platform retails 15 products under its polyolefin business unit, including the Purell line of products, enabling it to leverage the increasing popularity of eCommerce platforms in the industrial supply chains. Saurabh Ajay Todi, senior research analyst for Frost & Sullivan's chemicals, materials, and nutrition business unit, noted, "LyondellBasell's strategic focus on product development considering industrial megatrends offers it a first-mover advantage. This, together with its vast scale of operations, positions it as a frontrunner in the medical plastics industry."

"LyondellBasell's shifting focus from traditional business concepts to circular models, rebranding its offerings and aligning them with global megatrends position it as one of the leaders in supplying sustainable plastics for medical applications. It works closely with healthcare OEMs, understanding their needs and challenges, and providing custom solutions to assist them," added Saurabh. For its strong overall performance, LyondellBasell earns Frost & Sullivan's 2023 Global Company of the Year Award in the medical plastics industry.