IndianOil R&D, LyondellBasell Recognized with Hart Energy Awards

HOUSTON, March 14, 2012  /PRNewswire/ -- Hart Energy today announced IndianOil R&D (IOC R&D) and LyondellBasell as winners of its Refining & Energy Company of the Year awards. The two companies were recognized today at Hart Energy's World Refining & FUEL conference, "Unconventional Feedstocks & Fuels Mandates: Operating Amid Change" in San Diego.

Accepting on behalf of IOC R&D was Dr. R.K. Malhotra, director. The company won for its innovative refining catalyst technology. Representing LyondellBasell was Kevin W. Brown, senior vice president, refining. The integrated company was recognized for emerging from bankruptcy to become a profitable, running organization.

"For 25 years, we have identified companies which have excelled in both global energy and refining," said E. Kristine Klavers, senior vice president, Hart Energy. "This year, IOC R&D and LyondellBasell exemplify the traditions that are embodied in this prestigious award."

The two companies were recognized for their corporate achievement in three primary categories:

• Cleaner Environment: Producing cleaner, higher-quality gasoline and diesel fuel is among the greatest achievements recognized each year.
• Investment and Corporate Growth: The award recognizes recipients operating with the highest international refining standards and innovative use of resources in diverse environments.
• Vision: Recipients are recognized for innovation, global vision and ability to chart future changes when a response to current conditions does not fully meet rising public demands or yield industry benefits.

About IndianOil R&D

IndianOil R&D is a division of the largest Indian company, Indian Oil Corporation Ltd., and is ranked 98th in the Fortune 'Global 500' list. It is India's foremost research center for refinery process technologies, lubricants, fuel additives, engine testing, material and environmental sciences, pipeline transportation and alternative fuels. Today, IndianOil R&D has an impressive portfolio of 240 active patents, including 112 international patents. Visit www.iocl.com for more information about IndianOil R&D.

About LyondellBasell

LyondellBasell (NYSE: LYB) is one of the world's largest plastics, chemical and refining companies. The company manufactures products at 58 sites in 18 countries. LyondellBasell products and technologies are used to make items that improve the quality of life for people around the world including packaging, electronics, automotive parts, home furnishings, construction materials and biofuels. More information about LyondellBasell can be found at www.lyondellbasell.com.

Hart Energy is a leading information provider to the world's energy industry. Multi-client consulting services include the International Fuel Quality Center, the Global Biofuels Center and an annual Crude, Refining & Clean Transportation Fuel Outlook to 2030. Headquartered in Houston, with offices in New York, Washington, Brussels, and Singapore, Hart Energy's market-leading publications include Oil and Gas Investor, E&P, FUEL and Midstream Business. The Company also produces specialized newsletters, member-only web portals, mapping and GIS data services, and industry conferences and exhibitions.

Contact: Susan D. Emfinger
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SOURCE Hart Energy