today you discuss all We appreciate as first XXXX Welcome of quarter David. joining to you, results. we Thank our you. us
We with on safety number X Slide performance. our will begin
in is continue forward Safety performance our be a seen safety with the to strategy. excellent the below new fundamental part deliver of employees prior contractors rate and core years. LyondellBasell's will values rate of to XXXX. implementation the move for which continues we workforce continues of our X.XX, year-to-date incident start for Our to exciting be as
and Let's month turn that at number new to Day. strategy Slide we review Markets launched the our X Capital last
already As you was work see, underway. much can
around Our of the strategy EBITDA three by that and ultimately result successful more increase built billion billion This profitable for engine We're implementation our sustainable is will our by should pillars. convinced $X new to a $XX in strategy growth XXXX. normalized LyondellBasell.
the growing we profitable competitive of performance aligned for on goals. pillars we three positions and our low-carbon building and with where and solutions that advantages and The culture. core, grow circular And business; up upgrading portfolio our the in have our long-term and the leading a finally, our stepping areas core, focused are upgrading are
our returns by upon to We leveraging will improve positions at advantaged grow reinvest technologies those to generate scale. and leading
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least this of incremental generate business $X by XXXX. We expect million at will EBITDA
step to and is up strategy culture. our of our pillar third The performance
Our company cost operational for well-earned leadership. strong and has reputation excellence a
Our these goal the across untapped on is through modest company to strengths to build capture investments. value
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program is the by enhancement Our annual of deliver of end value $XXX EBITDA on recurring to more than track million XXXX.
interconnected not our each strategy alone. are reinforce stand pillars do and These The other. three pillars of
step value. up culture our we to example, For and create performance
in and We our will upgrading reinvest that value growing core.
provide activities will will continue build core all allocated be a shareholder and to low-carbon from cash more returns. generation circular more profitable sustainable generous a business. And larger and to solutions Returns from the these
customers, the and employees, serves investors of strategy Our needs our society.
pillars three number Capital wait our four this to Slide year. over start strategy. in We past March executing actions Markets Day not until highlights the across did our
As upgrading would exit core, part in the XXXX we announced we that refining business. of growing and the April
serve Australian particularly strategic Markets facility we evaluating at the to business our long-term review transform our we ethylene objectives, divested & our polypropylene options a around Day, now solutions. and for announced circular are Capital oxide derivatives We to our Last and April, business. low-carbon
facility, with Houston undertaking are plant new improving propylene facilities. month. past project in our area start-up that was businesses with We investments focus example oxide successful of long-term over is the world the in an across our enormous fit two An strategy. our the largest This PO/TBA the
height workforce more the built than XXXXs. LyondellBasell the inventing plant we the technology X,XXX PO/TBA since in This of the During of a by sixth construction, people. had is
our Our emissions plant reduce that and increases hundreds scale lower of incorporates and recovery the product improvements of save costs. energy, yields, doubles prior improves plans, design
is net has result believe used propylene production our technology we relative most from oxide world. our cost that carbon lower footprint lowest in to The PO the the And of a PO/TBA widely technologies. is the
start-up. at from extremely month want sincerely of work above our or hard products that this dedication for rates the The into within plant went launch new of producing a thank new XX% capacity. on-spec I all team and successful to was one production
production of of capacity hundreds The enhancement are upgrading volumes our growing example Through just core increased our is reliability. how across portfolio our is and initiatives our PO/TBA value team and to through we unlocking program, businesses. business plant one improve additional
business year, demand time, the that last up our and other announced we have we to arrangements. unit and and half multiple products. rapidly circular circular of for solutions Since organization and low-carbon second staffed the partnerships the address acquisitions, renewable In growing established
achieve recycling step in of in our goals. this Just mechanical our is forward work LyondellBasell will our that we week, another other to sustainability announced venture Europe. This the acquire joint half QCP
and feedstocks building our powerful to business and regional hubs leverage model. are We provide and for recycled comprehensive technologies advantages our securing renewable
greenhouse Last leadership December, position by we science-based reduction with emission aligning climate increased a our goals establish our within to industry gas guidance.
XX% XXXX. this, megawatts that half of XX% months, approximately In a with by achieve agreements capacity. electricity generation set reduce sources of our of X,XXX million X we've global by we XX XXXX part agreements target our just at of renewable to least announced Scope greenhouse goal our nearly renewable LyondellBasell's As emissions procure will gas that is The will of tons, emissions. power approximately X.X from renewable and
an published sustainability in-depth our core for creating we how on create is enterprise at provide is newly report. strategy as leadership substantial sustainable living. everyday our our through look our XXXX sustainability, report know, of you that solutions in And This highlights We with progress sustainability to on which website. available can value
and work our functions. commercial our improve clear to organizational performance alignment and step-up third we the streamlined Our In line is improved October, across culture manufacturing to structure sight and with accountabilities strategy. of our pillar of
our at Day, to Advanced the describes underway And Torkel transform Markets our segment. Capital Rhenman is work Solutions Polymer that
our of addition, program our and commercial are customer value In enhancement leveraging improve we focus. excellence the to drive structure
a a Altogether, to captures delivers the of are three sustainable value engine profitable pillars portfolio LyondellBasell's form and growth side businesses. of by that and strategy side more working
now turn performance. to financial Let's to slide discuss number five our
business first solid the improving moderately quarter, During reflecting market delivered results, LyondellBasell's conditions. portfolio
million Earnings $X.X per share, more from than at billion, $XXX $X.XX operating EBITDA quarter activities. generated were XX% nearly was we fourth cash best and in our results.
available of ended liquidity. the hand cash on of $X. with We billion $X.X billion X quarter and
enable our to months. Our The strategy, of with through company XX returns us capital the confidently on while our attractive of generated continuing and the XX% our stages return forward disciplined balance to past sheet investment-grade provide capital to business strength invested approach move over cycle. shareholders allocation to all
in segment I Michael describe results who leaders, will our the to to that, and will then turn over of financial With call more each and first our business detail.
