LyondellBasell acquires mechanical recycling assets of PreZero
General

LyondellBasell acquires mechanical recycling assets of PreZero

LYB plans to operate its newly-acquired mechanical recycling plant in California to manufacture post-consumer recycled resins using plastic waste feedstock

  • By ICN Bureau | February 21, 2024

LyondellBasell announced it has acquired mechanical recycling assets containing rigid plastics recycling processing lines from PreZero, a global recycling leader and waste management service provider.

The transaction includes leasing the processing facility in Jurupa Valley, Calif., which has a production capacity of approximately 50 million pounds per year for recycled materials.

"This acquisition further strengthens our U.S. presence and will deliver value for our customers and plastic recycling rates in the West Coast," said Yvonne van der Laan, LyondellBasell executive vice president, Circular and Low Carbon Solutions. "We will build upon our existing experience in plastic recycling in Europe and deliver a state-of-the-art, mechanical recycling facility to meet growing demand for recycled products in the U.S."

LYB plans to operate its newly-acquired mechanical recycling plant in California to manufacture post-consumer recycled resins using plastic waste feedstock. LYB will offer these recycled polymers under its CirculenRecover brand, part of the company's Circulen portfolio of products that enable the circular economy. LYB expects to commence operations at its new facility in 2025.

The transaction supports the company's efforts to build a circular economy for plastic, help end plastic waste in the environment and meet customers' growing demand for sustainable products.

Register Now to Attend NextGen Chemicals & Petrochemicals Summit 2024, 11-12 July 2024, Mumbai

Other Related stories

Startups

Chemical

Petrochemical

Energy

Digitization