LyondellBasell and Suez increase plastics recycling capacity - Companies expand their Quality Circular Polymers Joint Venture

LyondellBasell, one of the world's largest plastics, chemicals and refining companies, and Suez, a world leader in environmental services, today jointly announced the acquisition of Tivaco, a plastics recycling company located in Blandain, Belgium. The company will become part of Quality Circular Polymers (QCP), the companies' existing 50/50 plastics recycling joint venture. With this transaction, QCP will increase its production capacity for recycled materials to approximately 55,000 tonnes per year.

"This latest investment in QCP supports LyondellBasell's ambition to produce and market two million tons per year of recycled and renewable source-based polymers by 2030. Extending the plastics lifecycle through recovery, recycling and reuse not only eliminates waste but also produces a product with a lower CO2 footprint", said Richard Roudeix, Senior Vice President Olefins & Polyolefins, Europe, LyondellBasell. "This innovative approach is key to unlocking additional value from existing plastics while addressing brand owners' needs for sustainable products."

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The Tivaco facility operates five production lines capable of processing approximately 22,000 tonnes of recycled plastic per year. This acquisition builds on the companies' 2018 acquisition of QCP, a plastics recycling company in Geleen, the Netherlands which is capable of processing approximately 35,000 tonnes of material per year.

More information:
www.lyondellbasell.com, www.qcpolymers.com, www.tivaco.be

LyondellBasell, Rotterdam, The Netherlands + Suez, Paris, France