Peter Vanacker

Chief Executive Officer & Executive Director, Lyondellbasell

Search every verified Peter Vanacker interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In June 2021, LyondellBasell CEO Bob Patel told CNBC that he expected the business environment to be "stronger for longer" due to persistent supply and demand imbalances. Patel stated that his company was "running as hard as we can to meet current demand and we still can't meet it all," and he noted that "so many different products are in short supply that eventually that need will need to be met." He also said that supply chains would need to be restocked at some point. Patel addressed the debate over whether economic pressures were transitory or structural, citing wage increases and prolonged supply shortages. He mentioned that he had heard chip shortages "may not resolve themselves for two more years."