Advancing Sustainable PackagingJoost Verploeg

Holding

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The statements in this presentation relating to matters that are not historical facts are forward-looking statements. These forward-looking statements are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual results could differ materially based on factors including, but not limited to, our ability to achieve expected cost savings and other synergies; our ability to successfully execute projects and growth strategies; any proposed business combination; the business cyclicality of the chemical, polymers and refining industries; the availability, cost and price volatility of raw materials and utilities, particularly the cost of oil, natural gas, and associated natural gas liquids; competitive product and pricing pressures; labor conditions; our ability to attract and retain key personnel; operating interruptions (including leaks, explosions, fires, weather-related incidents, mechanical failure, unscheduled downtime, supplier disruptions, labor shortages, strikes, work stoppages or other labor difficulties, transportationinterruptions, spills and releases and other environmental risks); the supply/demand balances for our and our joint ventures’products, and the related effects of industry production capacities and operating rates; the expected timetable for completing any proposed transactions and the receipt of any required governmental approvals; future financial and operating results, benefits and synergies of any proposed transactions; future opportunities for the combined company; legal and environmental proceedings; tax rulings, consequences or proceedings; technological developments, and our ability to develop new products and process technologies; potential governmental regulatory actions; political unrest and terrorist acts; risks and uncertainties posed by international operations, including foreign currency fluctuations; and our ability to comply with debt covenants andservice our debt. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the “Risk Factors” section of our Form 10-K for the year ended December 31, 2017, which can be found at www.LyondellBasell.com on the Investor Relations page and on the Securities and Exchange Commission’s website at www.sec.gov.

Cautionary Note Regarding Forward-looking Statements

Innovative Plastic Designs: Sustainability for Future Generations

LyondellBasell at a glance

Food safety

& access

Cleaner air &

fuel efficiency

Clean

water

Sustainable &

modern living

Quality

healthcare

Stronger, longer-lasting pipes

used in municipal water

systems and key elements

used in water filtration

systems

Stronger, lighter plastics support

increased fuel efficiency

Materials that form components

used in solar panels, wind turbines,

children’s toys, cosmetics, leak- and

shatter-proof containers

Improved medical supplies such

as synthetic latex gloves, hand

sanitizers, biohazard bags and pill

coatings

Food packaging and films that

improve freshness, portability and

extend shelf-life

Agricultural

efficiency

Lighter machinery, crop protection

and soil conditioning improve

efficiency in agroprocessing

CHEMICALS

FUELS TECHNOLOGIES

ADVANCED

POLYMERSPOLYMERS

Our products are advancing a range

of solutions in nearly every sector of

the economy

Company logo

Innovative Plastic Designs: Sustainability for Future Generations

LyondellBasell has the scope and scale to serve global markets

We manufacture and have joint ventures in 24 countries

Our products are sold in more than 100 countries

Note: Map is as of August 2018.

Dubai

Innovative Plastic Designs: Sustainability for Future Generations

Plastics bring substantial benefits for packaging use

Plastic packaging keeps food fresh longer

• Reducing food waste by upto 50%

Substitutes for replacing plastics in packaging are on average 4.5 times heavier

• Substantial reduction in logistic movements

Easy processing allows tailor made solutions for all applications

• Versatility provides high variety in protection of products

Resource efficiency lowers energy and material needs

• Reduced CO2 footprint

The environmental cost of the use of plastics for packaging is estimated 4.2 times less than

versus its alternatives

Source: Trucost Plastics and Sustainability report 2016

Innovative Plastic Designs: Sustainability for Future Generations

Demand for plastic continues to grow

0

100

200

300

400

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

China India Western Europe U.S.

Households, millions

Upper/Middle Class Households

Global Plastic Demand, GDP and Population Index

Growth outpaces economic indicators

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Innovative Plastic Designs: Sustainability for Future Generations

However, end of life of plastics is becoming a growing concern

Driven by consumer preferences and urbanization, the demand for convenient packaging solutions is further increasing

Single use applications represent 40% of total consumption

But:

- After it’s use a substantial volume escapes collection systems

- Economic loss due to the single use of plastic packaging estimated at 80 – 120 B$ per year

Plastic life cycle distribution

Source: Ellen McArthur Foundation 2016

Largest use of plastics is in packaging

Waste ends up in our environment

Innovative Plastic Designs: Sustainability for Future Generations

Broad recognition for the need to tackle the issue of plastic waste

Legislation & NGOs

Regulations for single use plastic

▪ Bans or charges on plastic bags in over 85 countries

▪ Oxo degradable requirements

EU launched Plastics Strategy as well as a Packaging Waste Directive

▪ sets plastics packaging recycling target of 55% by 2030 which may include an element of reuse

#CleanSeas Campaign of UNEP

EMF New Plastics Declaration

World Economic Forum Davos 2018:

▪ 11 companies working towards using 100% reusable, recyclable or compostable packaging by 2030

Legislators, brand owners, retailers and consumers push for sustainable solutions

Retailers, brand owners & consumers

Evolving consumer consciousness concerning waste and recycling

▪ Blue Ocean Network

▪ BBC Blue Planet documentary

Brand owners demand Design for Recycling

Innovative Plastic Designs: Sustainability for Future Generations

Today, less than 15% of Post Consumer Waste is recycled

Addressing plastics end-of-life

• Landfill and leakage destroys economic worth of waste and must be avoided

• Recycling allows value recovery and forms part of the solution

• Energy recovery plays a role as a transitional option, on the way to circularity

Source: McKinsey&Company

16%

40%19%

25%

Global polymer waste flows

Recycling Landfill Leakage Energy recovery

Landfill

Energy recovery

Collected for

Recycle

Unmanaged dumps

52 MM tons

Collected

polymers

globally in

2016

Capturing the value of Post Consumer Waste is critical

to increase circularity

Innovative Plastic Designs: Sustainability for Future Generations

LyondellBasell’s approach to circularity –

Investing in the future of Packaging

Advance

mechanical

recycling

through strategic

partnership

Value chain

collaboration

provides higher

potential for

circularity

Research

molecular

recycling

possibilities

Innovate, Collaborate, Think Global

Innovative Plastic Designs: Sustainability for Future Generations

QCP delivers high quality circular products

Processing post-consumer plastic waste

Integrated plant using leading technology to ensure high quality products

▪ Cleaner products

▪ Enhanced Colors

▪ Odor treatment

▪ Consistent Quality|

▪ 35kt production capacity planned at existing site

Advancing mechanical recycling and delivering high quality circular products

Innovative Plastic Designs: Sustainability for Future Generations

LyondellBasell is advancing recycling innovation

Molecular recycling: waste-to-cracker feeds for polyolefins production

Unlock the potential of recycled plastics

▪ Converting residual / mixed plastic waste (including multilayer and hybrid plastic materials) back to plastic feedstock

Provide solutions for all applications, removing all contamination

▪ Solution for food contact applications

New cooperation between LyondellBasell and Karlsruhe Institute of Technology (KIT) in Germany

▪ Focus of the venture is to develop a new catalyst and process technology to decompose post-consumer plastic waste

▪ Building on thermochemical technology to match cracker requirements

▪ Leveraging our leading competencies in catalyst and technology

KIT is one of the largest research

and educational institutions

globally

Innovative Plastic Designs: Sustainability for Future Generations

LyondellBasell is actively engaged with industry

associations to deliver practical global solutions

Our trade association commitments

Achieve 100% re-use, recycling or recovery of all plastics packaging

• In Europe by 2040

• In the United States by 2040

Operation Clean Sweep

• Zero pellet loss

Demonstrate and promote the sustainability of plastics

• Being part of the solution to plastics marine litter and pollution

London, Jan. 16, 2019

• Alliance to End Plastic Waste (AEPW)

Innovative Plastic Designs: Sustainability for Future Generations

A new Global Alliance Spanning the Value Chain

A new global, CEO led, cross-sector, non-profit organization with a clear mission to develop, accelerate & deploy solutions, catalyze public & private investment and engage communities to help end

plastic waste in the environment

Innovate new materials,

designs, technologies

and business models

based on science and

economics

Develop solutions to

address and clean up

areas of existing

plastic waste in the

environment

Engage and collaborate

with governments,

industry and consumers

to drive effective

solutions

Catalyze investment

in enhanced waste

infrastructure to prevent

plastic from reaching the

environment

Innovative Plastic Designs: Sustainability for Future Generations

Conclusion and course of action for the Middle East

How will these developments impact the Middle East?

GCC mostly serves remote markets

• < 20 % of GCC produced plastics consumed locally

• Demand in the region is < 4% of global demand

Production is geared towards maximizing benefit of low feedstock cost

• 90% of polymer capacity is commodity polymer

Substantial part of global capacity expansion for exports

• Competition will further increase

Course of action for the Middle East

Collaborate - Product design over the value chain

- Increase customer segmentation & intimacy

Think Global - Understand the regional legislative developments

Innovate - Recycling and Recyclability

Source: GPCA

www.gpca.org.ae

Innovative Plastic Designs: Sustainability for Future Generations

Company

logo

Innovative Plastic Designs: Sustainability for Future Generations

• About LyondellBasell

• Benefits of plastics in packaging

• Demand development

• Megatrends affecting packaging

• LyondellBasell’s approach to Circularity

• Conclusion and Course of action for the Middle East

Agenda