Polymer giant takes stake in Stiphout

Chemical leader LyondellBasell has acquired a 50% stake in Stiphout Industries, a Netherlands specialist in sourcing and processing of post-consumer plastic packaging waste.

Stiphout, based at Montfort, was founded in 2015 and has built up experience in the processing of plastic household waste into recycled polypropylene (PP) and high-density polyethylene (HDPE) flakes. It has an annual processing capacity equivalent to the plastic packaging waste generated by more than 500 000 Dutch citizens per year.

‘Investing in Stiphout aligns with our strategy to invest in recycling and plastic waste processing companies that support our existing assets in the Netherlands and Germany and fits with our integrated hub model,’ says Yvonne van der Laan, evp for circular and low carbon solutions at LyondellBasell.

Synergies

‘Through this collaboration, we can leverage local synergies with our “Quality Circular Polymers” business in terms of logistics and operations. It also unlocks possibilities to further expand our CirculenRecover portfolio, creating solutions for customers and brand owners in support of their circular and low-carbon targets.’

Founder and ceo of the Stiphout group, Eline Stiphout says the partnership with an experienced polymer producer offers greater commercial and operational opportunities. ‘We are excited to team up with LyondellBasell since we share that circularity is critical to helping end plastic waste’.