LyondellBasell owes much of their success to an extensive worldwide portfolio of issued and pending patents. As of December 31, 2014, they owned approximately 5,000 patents and patent applications worldwide. This represents millions of pages to be translated and localized for patent offices throughout the world.
And that demands a significant amount of time and resources dedicated to both translating foreign language patents into English and submitting their own patents for regional translations. Without that time and effort, LyondellBasell and their invaluable IP could be at risk of infringement or litigation.