LyondellBasell seeks to lead its manufacturing sector by pledging to produce two million tonnes of recycled and renewable-based polymers annually by 2030. The ambition is set out in its annual sustainability report.
The company sells products into more than 100 countries and is the world’s largest producer of polymer compounds. It was the first company to achieve the parallel commercial production of polypropylene and low-density polyethylene made from renewable raw materials.
As a next step, LyondellBasell is developing its MoReTec pyrolysis technology, reducing plastics to their molecular building blocks, and has expanded mechanical recycling of its product grades and colour offerings through a 50/50 joint venture Quality Circular Polymers.
The company also wants to join peers in the American Chemistry Council and Plastics Europe industry and ensure 100% of plastic packaging is reused, recycled or recovered by 2040.
‘LyondellBasell has been on a multi-year journey to advance the circular economy and we have made strides in mechanical and advanced recycling as well as producing renewable-based products,’ says Jim Seward, senior vice president research & development, technology and sustainability.
‘Our goals underscore what we see as possible in the next decade and our sustainability ambitions require us to adapt our business models.
‘When viewed through the lens of technology and innovation, our track record demonstrates our capacity to advance new collaborations and partnerships for the benefit of society.’
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