LyondellBasell Industries (NYSE:LYB) is one of the best basic materials stocks to invest in. In the earlier days of July, LyondellBasell Industries announced an expanded partnership with Polynt, which is a global leader in specialty polymers and intermediates. The two companies are jointly developing a high-quality resin specifically for the marine sector.
The new resin will use LYB’s Styrene +LC (low carbon) solution. LYB’s +LC solutions are produced using a mass balance method, certified under the International Sustainability and Carbon Certification/ISC PLUS system. These products are derived from bio-circular feedstocks and enable companies to reduce their Scope 3 greenhouse gas/GHG emissions.
An aerial view of a large industrial roofing system installed by the specialty chemical company.
These solutions maintain the same high performance and reliability as traditional fossil-based products, but with a lower carbon footprint. Polynt is incorporating LYB’s Styrene +LC into the production of specialized resins for boat and yacht construction.
LyondellBasell Industries is a chemical company with operations in the US, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
This article is originally published at Insider Monkey.
