This is the company's second PPA with TotalEnergies. LYB is taking significant actions to reduce scope 1 and 2 greenhouse gas emissions, and PPAs are an important tool for fulfilling the company's goals. These two new agreements assist the company in accelerating the development of clean energy and shifting to the usage of low-carbon energy at its facilities. LyondellBasell has also inked a long-term PPA with Industrial Sun to supply 50 MW of renewable electricity from the Industrial Bravo solar project in Matagorda County, TX, to the LyondellBasell Matagorda Complex. This plant makes high-density polyethylene plastic resins, which are used to create a variety of consumer products. The project is expected to begin functioning in the first half of 2026. Shares of LyondellBasell have gained 2.7% over the past year against 13.3% decline of its industry.