LYB announces updated 2030 sustainability goals

HOUSTON, Feb. 23, 2026 (GLOBE NEWSWIRE) — LyondellBasell (NYSE:LYB) today announced updates to its 2030 climate and circularity goals amid the need for disciplined capital allocation, evolving market conditions and regulatory developments. The goals remain ambitious, while balancing the need to adjust for near-term achievability. The company’s three-pillared strategy remains unchanged: growing and upgrading the core, building a profitable circular and low-carbon business, and stepping up performance and culture. To ensure alignment with the strategy and reflect the realities of today’s operating environment, the updated goals are as follows:

  • Scope 1 and 2 greenhouse gas emissions reduction: 32% by 2030, relative to a 2020 baseline.1
  • Circularity: produce and market 800,000 metric tons of recycled and renewable-based polymers annually by 2030.2

“Over the past several years, we have made measurable progress and gained a deeper understanding of factors that enable us to deliver value from circular and low carbon solutions, including the pace of policy adoption and implementation, market demand and technology readiness. At the same time, maintaining capital discipline is essential in the current economic environment,” said Peter Vanacker, chief executive officer of LYB. “We will continue to create value for our stakeholders through being a leader in sustainability in the chemical industry and executing our strategy. These updates to our goals ensure we remain focused on advancing sustainability as a key value driver of our business at a pace aligned with market conditions and the regulatory environment.”

To date, the company has achieved significant milestones, including advancing construction of the MoReTec-1 plant, the company’s first commercial-scale catalytic chemical recycling plant using its proprietary MoReTec technology in Wesseling, Germany, targeting future profitable growth in circular and low-carbon solutions. The company has also made progress in reducing emissions, including at the Houston Refinery site, and through value-creating energy efficiency measures at its manufacturing sites via its Value Enhancement Program, and securing sufficient projects to reach the company target of procuring a minimum of 50% of electricity from renewable sources by 2030 (based on 2020 procured levels).

The updated goals will not impact supply commitments or commercial contracts.

Details on LyondellBasell's refreshed sustainability approach and the enablers that impact the achievement of its sustainability goals will be shared in the company’s annual Sustainability Report in April 2026.

About LyondellBasell

We are LyondellBasell (NYSE: LYB) – a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors and society. As one of the world's largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. For more information, please visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.

Forward-Looking Statements
The statements in this release relating to matters that are not historical facts are forward-looking statements. These forward-looking statements are based upon the expectations and assumptions of management of LyondellBasell, including expectations based on third-party information and projections, which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. When used in this release, the words “intend,” “may,” “plan,” “potential,” “strategy,” “goal,” “ambition,” “”achieve,” “pathway,” “enable,” “target,” “should,” “will,” “expect,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. In addition, any statements that refer to LyondellBasell's sustainability goals and related efforts are forward-looking statements. Actual results could differ materially based on factors including, but not limited to, market conditions, 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; our ability to meet our sustainability goals, including the ability to  operate safely,  increase production of recycled and renewable-based polymers, and reduce our greenhouse gas emissions and energy usage; implementation of new technology and the ability to realize the expected benefits therefrom; our ability to access capital to fund our climate related initiatives; our ability to complete construction and successfully operate MoReTec-1; actions by our suppliers and customers, including the use of the Circulen family of products; our ability to procure renewable energy and reduce our reliance on coal; competitive product and pricing pressures; labor conditions; operating interruptions (including leaks, explosions, fires, weather-related incidents, mechanical failure, unscheduled downtime, supplier disruptions, labor shortages, strikes, work stoppages or other labor difficulties, transportation interruptions, 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; our ability to manage costs; future financial and operating results; climate change developments; legal and environmental proceedings; tax rulings, consequences or proceedings; technological developments, and our ability to develop new products and process technologies; and potential governmental regulatory actions, including climate related disclosure requirements. 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, 2026 and in our subsequent filings with the SEC, which can be found at www.LyondellBasell.com on the Investors page and on the Securities and Exchange Commission's website at www.sec.gov.

Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements, and are urged to carefully review and consider the disclosures, including but not limited to those regarding the risks we face, in the documents we file from time to time with the Securities and Exchange Commission. There is no assurance that any of the actions, events or results of the forward-looking statements will occur, or if any of them do, what impact they will have on our ability to achieve our strategies or goals, our results of operations or our financial condition. Many of the standards, metrics, technology and assumptions used in preparing the company's goals and strategy continue to evolve and are based on management assumptions believed to be reasonable at the time of preparation but should not be considered guarantees. Forward-looking statements speak only as of the date they were made and are based on the estimates and opinions of management of LyondellBasell at the time the statements are made. LyondellBasell does not assume, and expressly disclaims, any obligation to update forward-looking statements should circumstances or management's estimates or opinions change, except as required by law. The company is not obligating itself to provide any specific disclosure in the future (including with respect to the goals and progress reported herein), except as it determines to do so.

Source: LyondellBasell Industries

Media Contact: Nick Facchin +1 713-309-4791

1 Previous goal: 42% reduction by 2030, relative to a 2020 baseline.
2 Previous goal: produce and market 2 million metric tons of recycled and renewable-based polymers annually by 2030. Production and marketing includes: joint venture production marketed by LYB plus our pro rata share of the remaining production produced and marketed by the joint venture, and production via third-party tolling arrangements.


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Dubai Hosts Global Glass Industry Leaders at the 3rd International Glass Manufacturing Show in April 2026

DUBAI, United Arab Emirates, Feb. 23, 2026 (GLOBE NEWSWIRE) — Dubai hosts a distinguished gathering of leading figures and decision makers from the global glass industry at the 3rd edition of the International Glass Manufacturing Show (IGMS) scheduled to take place from 21–23 April 2026 at the Dubai World Trade Centre.

The event serves as a specialized platform bringing together top manufacturers, suppliers, and buyers to showcase cutting edge industrial innovations, explore future trends in glass production, and reinforce Dubai’s position as a regional and international hub for advanced manufacturing and specialized exhibitions.

Recognized as one of the leading glass industry events in the Middle East and Africa, IGMS covers the entire production process from manufacturing and processing to finishing techniques and applications in construction, architectural facades, automotive glass and other industrial uses.

The exhibition will feature broad participation from regional and international companies, focusing on high performance flat and architectural glass, including insulating glass, low emission coatings, tempered and coated glass. Smart glass solutions and modern technological applications in commercial and architectural projects will also be highlighted. Attendees can engage with advanced machinery, digital transformation tools, and AI driven systems that enhance production efficiency and global competitiveness.

IGMS provides an effective platform for fostering business collaboration and strategic partnerships, offering direct access to decision makers, suppliers, and distributors, facilitating deal making, and expanding business opportunities across the Middle East, Africa, and Asia. Dubai’s strategic location, advanced logistics infrastructure, and business friendly regulatory environment further enhance these opportunities.

The conference program will feature specialized sessions addressing key global trends, including the shift toward value and technology driven models, the evolving roles of Asia, Europe and the Middle East on demand and production, challenges related to energy and raw material costs, the impact of trade policies and environmental regulations, and the growing role of regional manufacturing and digital product tracking.

Sessions will also highlight Dubai’s position as a global hub for advanced manufacturing and re-export, leveraging major urban development projects in the UAE and Saudi Arabia and integrated logistics networks connecting the region to African and Asian markets.

The program emphasizes technological innovation and digital transformation in the glass sector, including smart and energy efficient glass, AI enabled quality and furnace monitoring systems, investment opportunities, regulatory developments, sustainability standards and global frameworks such as the EU CBAM. Advanced glass applications across construction, automotive, renewable energy, electronics and packaging sectors will also be showcased, positioning IGMS 2026 as a comprehensive platform for industry insights and strategic partnerships.

Organizing the 3rd International Glass Manufacturing Show underscores Dubai’s commitment to supporting the industrial sector, promoting innovation, and strengthening its role as a global hub for specialized exhibitions and investment in the glass industry.

For more information, registration, and participation, please visit:
https://glass-show.com/about

Media contact:
Marina Mounir William
[email protected] 


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Immigrants Are What Made America Great

By Alon Ben-Meir
NEW YORK, Feb 23 2026 – Trump’s immigration policy is destroying America’s greatness Immigrants are the backbone of America’s greatness— powering its economy, enriching its culture, and advancing its global leadership. Yet under the guise of making America great again, Trump’s exclusionary, racist policies are dismantling that very foundation, stifling innovation and tarnishing the nation’s moral standing.

To understand the magnitude and importance of immigrants in the US, and the need for continued immigration, the following clearly shows how deeply they sustain our workforce, drive innovation, and secure America’s competitive edge on the global stage.

The Current State of Immigration

Over 1 million farmworkers in the United States are undocumented, including approximately 40 percent of crop farmworkers. Immigrants account for roughly 70 percent of all US farmworkers, making them indispensable to the agricultural labor force and underscoring how dependent American food production is on this workforce.

We are already witnessing the impacts of immigration crackdowns on the US farm industry. In California’s Central Valley, a majority of farmworkers stopped showing up after intensive ICE raids in July 2025, leaving crops rotting in the fields due to a lack of available workers. This has resulted in substantial financial losses, food waste, reduced farm revenues, and rising food prices.

Beyond agriculture, immigrants from Latin America and other regions are heavily represented in construction, hospitality, and food processing; they account for approximately 33 percent of meat processing and over 80 percent of food manufacturing workers.

In the leisure and hospitality sector, immigrants account for roughly 18 percent of workers; in traveler accommodations (i.e., hotels) alone, over 30 percent of workers are immigrants.

STEM Workforce

According to the National Science Foundation, foreign-born workers account for approximately 22 percent of the US’ STEM workforce. Among science and engineering occupations with doctorates, about 43 percent are foreign-born; in the doctorate-level fields of computer and mathematical sciences, this share exceeds 55 percent.

Roughly 30 percent of full-time science and engineering faculty at US universities are foreign-born, disproportionately present at research-intensive institutions.

Denying admission of scientists from countries such as India and China, Mexico and Argentina would result in serious talent shortages in key STEM fields. Moreover, inventors and entrepreneurs account for a disproportionately large share of US patents, high-growth startups, and advanced-degree STEM workers.

Thus, losing foreign-born scholars would undermine research, reduce innovation, slow scientific progress, and erode US technological and economic competitiveness.

Research on immigrant entrepreneurship indicates that immigrants are heavily overrepresented among founders of new firms, including high-tech firms and “unicorn” startups, which amplifies the long-term damage that restrictive policies toward non-European scientists would inflict.

Immigrants in the US military

In 2017, about 190,000 foreign-born individuals were on active duty, representing roughly 4.5 percent of all active-duty service members. As of 2024, approximately 8,000 non-citizens enlist each year. As of 2022, there were about 731,000 foreign-born veterans—around 4.5 percent of the total veteran population.

Historically and today, foreign-born soldiers have played key roles in every major US conflict, dating back to the Revolutionary War, and mmigrants have received more than 20 percent of all Medals of Honor, underscoring the depth of their contribution to national defense.

Reagan’s Honoring of Immigrants

Perhaps no one could express the vital importance of immigrants to the US, and how they made America the land of opportunity that embodied the very promise that has made America exceptional, like President Reagan in his final speech to the nation:

“Since this is the last speech that I will give as president, I think it’s fitting to leave one final thought, an observation about a country which I love. It was best stated in a letter I received recently. A man wrote me and said: ‘You can go to live in France, but you cannot become a Frenchman. You can go to live in Germany, Turkey, or Japan, but you cannot become a German, a Turk, or a Japanese. But anyone, from any corner of the Earth, can come to live in America and become an American.’

“Yes, the torch of Lady Liberty symbolizes our freedom and represents our heritage, the compact with our parents, our grandparents, and our ancestors. It is that lady who gives us our great and special place in the world. For it’s the great life force of each generation of new Americans that guarantee that America’s triumph shall continue unsurpassed into the next century and beyond. Other countries may seek to compete with us, but in one vital area, as a beacon of freedom and opportunity that draws the people of the world, no country on Earth comes close.

“This, I believe, is one of the most important sources of America’s greatness. We lead the world because, unique among nations, we draw our people—our strength—from every country and every corner of the world. And by doing so, we continuously renew and enrich our nation. While other countries cling to the stale past, here in America, we breathe life into dreams. We create the future, and the world follows us into tomorrow.

“Thanks to each wave of new arrivals to this land of opportunity, we’re a nation forever young, forever bursting with energy and new ideas, and always on the cutting edge, always leading the world to the next frontier. This quality is vital to our future as a nation. If we ever closed the door to new Americans, our leadership in the world would soon be lost.”

How did we fall from President Reagan’s recognition of immigrants’ nobility to Trump’s dehumanizing claim that “they are eating the dogs…they are eating the cats…They’re eating—they are eating the pets…” In that stark descent, we see the horrific moral cost of abandoning truth for political expediency.

Immigrants have been the lifeblood of the American experiment. To close our door to immigrants is to close the door to the very engine of American vitality. If we open our borders, welcoming all regardless of ethnicity, race or faith, we unleash our greatest strength—a nation reborn, limitless in its capacity to dream and achieve the impossible.

Dr. Alon Ben-Meir is a retired professor of international relations, most recently at the Center for Global Affairs at NYU. He taught courses on international negotiation and Middle Eastern studies.

IPS UN Bureau

 


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UN Report Details Grave Abuses Against those Trafficked into Scam Centres

UN Report Details Grave Abuses Against those Trafficked into Scam Centres

A UN human rights report has found that people trafficked and forced to work at scam centres are subjected to torture, sexual abuse and prison-like conditions. (representational photo). Credit: UNICEF/Ron Haviv

By UN Human Rights Office
GENEVA, Feb 23 2026 – A report published today by the UN Human Rights Office graphically details the lived experiences of some of the hundreds of thousands of people trafficked from dozens of countries around the world into working in entrenched scam operations mostly in Southeast Asia, as well as far beyond.

The report documents instances of torture and other ill-treatment, sexual abuse and exploitation, forced abortions, food deprivation, solitary confinement, among other grave human rights abuses. Survivors also shared experiences of border officials aiding scam recruiters, and of threats and extortion by police.

Satellite imagery and on-ground reports show that nearly three-quarters of the scam operations are in the Mekong region, which have also spread to some Pacific Island countries and South Asia, as well as Gulf States, West Africa and the Americas.

“The treatment endured by individuals within the context of scam operations is alarming,” finds the report, based on interviews with survivors originating from Bangladesh, China, India, Myanmar, Sri Lanka, South Africa, Thailand, Viet Nam and Zimbabwe.

They had been trafficked into scam centres in Cambodia, Lao People’s Democratic Republic, Myanmar, the Philippines and the United Arab Emirates between 2021 and 2025. It is also based on interviews with police and border officials, as well as civil society and others with knowledge of such operations.

Victims described being lured into scamming jobs under false pretences and then being coerced into perpetrating online fraud ranging from impersonation scams, online extortion, financial fraud as well as romantic scams.

The operations described are fluid, with some survivors sharing experiences of being held in immense compounds resembling self-contained towns, some over 500 acres in size, made up of heavily fortified multi-storey buildings with barbed wire-topped high walls, guarded by armed and uniformed security personnel.

“A victim from Sri Lanka related how those who failed to meet monthly scamming targets were subject to immersion in water containers (known as ’water prisons’) for hours,” said the report, which updates a 2023 UN Human Rights report.

“Victims also recounted being forced to witness or even conduct grave abuse of others as a means to ensure compliance; one Bangladeshi victim said that he was ordered to beat other workers and a victim from Ghana recounted being forced to watch his friend being beaten in front of him.”

They told of people losing their lives as they attempted to escape, including falling from balconies and roofs in the compounds.

Failed rescue attempts were also punished severely, the report finds. One Vietnamese victim described how her sister was beaten, tasered and locked in a room with no food for seven days after her sister had tried to engineer her escape.

It found traffickers would video call family members to watch their loved one being abused and mistreated in order to pressure families to pay extortionate ransoms.

While most victims described receiving some wages, all those interviewed by UN Human Rights experienced a range of escalating deductions and none received the entirety of the promised salary. A Thai victim reported that they were ordered to meet steep scamming targets of some $9,500 per day to avoid fines, beatings, or even being “sold” to another compound with harsher conditions.

“The litany of abuse is staggering and at the same time heart-breaking,” UN Human Rights Chief Volker Türk said. “Yet, rather than receiving protection, care and rehabilitation as well as the pathways to justice and redress to which they are entitled, victims too often face disbelief, stigmatization and even further punishment.”

“Effective responses need to be centred in human rights law and standards. Crucially, that means explicitly recognizing forced criminality within anti-trafficking laws and regulations and guaranteeing the non-punishment principle for victims of trafficking.”

“Victims of such abuses require coordinated timely, safe and effective rescue operations, respect for the principle of non-refoulement, as well as available support mechanisms to ensure torture and trauma rehabilitation and address risks of reprisals or re-trafficking.”

The report uniquely applies a behavioural science and systems analysis to explore why people continue to fall prey to fraudulent recruitment into scam operations and to suggest rights-based and effective prevention responses.

“There must be increased availability and accessibility of safe labour migration pathways and meaningful oversight of recruitment such as verification of online job postings and flagging suspicious recruitment patterns,” Türk said.

He called on States and relevant stakeholders to engage trusted and community-based actors, such as survivor-led groups, in outreach to individuals considered at risk of trafficking into scam operations. Awareness activities need to be accessible, concrete and available through trusted media.

Türk also urged States and regional bodies to act effectively against corruption, which he said was deeply entrenched in such lucrative scamming operations, and to prosecute the criminal syndicates behind them. He also recalled the importance of independent media, human rights defenders and civil society organisations being able to carry out their vital anti-trafficking work free from interference.

IPS UN Bureau

 


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As Biodiversity Loss Grows, Rome Talks Urge Nations to Step Up Action

Governments meeting in Rome last week acknowledged that global efforts to protect nature are still not moving fast enough, even as biodiversity loss continues to affect ecosystems, livelihoods, and economies worldwide. The warning came as the sixth meeting of the Subsidiary Body on Implementation (SBI-6) under the Convention on Biological Diversity (CBD) concluded after four […]

Tune Talk Becomes ASEAN’s First Fully Cloud-Native Mobile Network Operator with Mavenir

KUALA LUMUR, Malaysia and RICHARDSON, Texas, Feb. 23, 2026 (GLOBE NEWSWIRE) — Tune Talk, one of Malaysia’s most recognized mobile brands, has completed its evolution into a fully independent, cloud-native mobile network operator (MNO) through a strategic partnership with Mavenir, the network software provider building AI‑driven mobile infrastructure. The deployment enables Tune Talk to operate its own network systems end‑to‑end, unlocking new speed, agility, and innovation capabilities ahead of its next phase of growth.

The shift has been enabled by adopting Mavenir’s cloud-native OSS and BSS solutions, giving Tune Talk full control of its network operations and digital service platforms, and providing a software-driven foundation for future growth.

By modernising its OSS and BSS layers with Mavenir’s cloud‑native platforms, Tune Talk now operates an independent, software‑defined network. This upgrade enables faster service deployment, more personalised AI‑driven customer experiences, and improved network reliability.

The new architecture has already accelerated the rollout of digital services, including MyDigital ID integration, Mastercard ID Theft Protection, free Personal Accident Insurance, foodpanda benefits, and in‑app streaming content such as drama and game subscriptions.

Tune Talk’s new cloud-native operational environment features zero-touch processes and self-healing automation, improving network stability while reducing operational overheads.

Phase two will deepen Tune Talk’s AI‑driven transformation, introducing advanced orchestration, next-generation BSS. These capabilities will further enhance network performance, accelerate service delivery, and unlock new revenue streams through contextual, personalised offers.

“Becoming a fully cloud-native MNO marks the start of a new chapter for Tune Talk and reinforces our ambition to build a smarter, more agile mobile network for Malaysia and beyond,” said Tune Talk CEO Gurtaj Singh Padda. “These foundations enable us to move faster, personalise services at scale, and unlock new value through AI-driven innovation for our growing customer base.”

“We’re proud to have successfully delivered this first phase of our partnership with Tune Talk, advancing their evolution as a fully cloud-native MNO,” said Mavenir President and CEO Pardeep Kohli. “The Tune Talk team is committed to constant innovation, always pushing boundaries to deliver for their customers – our fully cloud-native approach is essential to enabling the speed, flexibility and efficiency they rely on to keep delivering.”

With this deployment, Tune Talk becomes a reference model for cloud-native MNO operations not just in Malaysia but to also the ASEAN region, demonstrating how modern OSS/BSS architectures can accelerate operator independence, agility, and long-term digital transformation.

Join the conversation at Mobile World Congress in Barcelona #MWC26:   

Mavenir, in collaboration with Mobile World Live, will host a panel discussion at MWC26, “Built for More, Bound by Less: The rise of a new breed of MNO embracing AI, Cloud & 5G” on Mavenir’s stand in Hall 2, 2H60 – Monday 2nd March at 01:15 – 01:45 PM. Featuring Tune Talk’s CEO Gurtaj Singh Padda, alongside an executive speaker  from TextNow, and Mavenir’s Sandeep Singh, the session will highlight how mobile networks thrive when they combine cloud-native architectures, AI-driven insight, and flexible monetization, offering practical tactics to differentiate on experience rather than price.

To join in-person or via live streaming, please register here:
Built for More, Bound by Less: The Rise of a New Breed of MNO Embracing AI, Cloud & 5G

About Mavenir 

Mavenir is enabling intelligent, automated, programmable networks through the development of telco-first, cloud-native, AI-by-design software solutions for mobile operators. The company’s deep telco domain expertise has been proven through deployments with 300+ operators globally in over 120 countries, which together serve more than 50% of the world’s subscribers. Mavenir combines its deep telco experience with the cloud and IT expertise and data science skillsets essential to solving real customer challenges. Its proven software solutions are AI by design, delivering the AI-native future and operators’ evolution to TechCos. 

For more information, please visit www.mavenir.com 

Mavenir PR Contacts: 
Emmanuela Spiteri 
[email protected] 

About Tune Talk

Tune Talk is the fastest-growing fully cloud native Mobile Network Operator in Asia. Since our launch in 2009, we have remained committed to offering affordable rates and exciting incentives. As a digital lifestyle telecommunications company, our services include unlimited calls, SMS, and high-speed internet packages, tailored to meet the demands for simple, value-driven products with easy accessibility and wide distribution. Our focus on innovation and digital disruption drives us to continuously provide cutting-edge telecommunication solutions, meeting the evolving needs of our customers, and keeping us at the forefront of the industry.

For more information, please visit www.tunetalk.com.

For media inquiries, please contact:
Brand representative
 • Ahmad Zhafir Zulkifili
Mobile: +60 17-252 0315
Email: [email protected]

Team Continuum PR
 • Michelle Bridget
Mobile: +60 12-697 7356
Email: [email protected]
 • Kashantha Ravindran
Mobile: +60 16-976 2767
Email: [email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a6112464-73e8-471f-a807-aae31298e49a


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