LYONDELLBASELL HAS ENTERED A MULTI-YEAR AGREEMENT WITH CITRINE INFORMATICS TO LEVERAGE THE CITRINE PLATFORM TO CREATE NEW AI-DRIVEN PRODUCT DEVELOPMENT PROCESSES THAT COMPLEMENT THE INNOVATION PROCESS AND ENHANCE THE TIME TO MARKET.
LyondellBasell (NYSE: LYB) has entered into a multi-year agreement with Citrine Informatics to utilize the Citrine Platform for Materials Informatics and artificial intelligence (AI)-guided product development.
LyondellBasell is a leader in the global chemical industry. In 2021, the company successfully launched and implemented the Citrine Platform resulting in the expansion of their collaboration with Citrine. The Citrine Platform enables users to become more agile in their approach to product development and gain additional insights into the end-to-end value chain, from raw materials to manufactured products.
“Our collaborative relationship with Citrine is another step to significantly enhance our agility while continuing to be the trusted market leader our customers rely on,” says Anup Sharma, LyondellBasell’s senior vice president of Global Business Services.
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With the Citrine Platform, LyondellBasell can more effectively unlock new value at the boundary of materials development and discrete product development.
“The demands on chemicals and materials manufacturers to innovate faster, more efficiently, and more sustainably will continue to grow. LyondellBasell entered this collaboration with clear expectations to thrive among these existential challenges, and we are proud to be supporting this effort,” said Citrine Informatics CEO Greg Mulholland. “This multi-year agreement is testament to the strength of the Citrine Platform and the leadership position LyondellBasell holds in the industry.”;