LyondellBasell Signs First Two U.S. PPAs, Sourcing Renewable Energy

June 30, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--LyondellBasell Industries NV (NYSE:LYB) (Rotterdam, Netherlands) has signed its first two power purchase agreements (PPA) in the U.S., for a combined 216 megawatts (MW) of renewable energy, in support of the company's net-zero efforts. The power would be sourced from a wind project from the U.S. subsidiary of Engie S.A. (Paris, France), and a solar project from Buckeye Partners LP (Houston, Texas). Both projects are in Texas.