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LyondellBasell and Suez unite to run Dutch plastics recycling enterprise

The Netherlands – Leading plastics, chemical and refining firm LyondellBasell announced it is purchasing a 50% stake in plastics recycling company Quality Circular Polymers, based in the Netherlands. The business deal outlines that LyondellBasell will be 50-50 partners in the Dutch enterprise together with French waste management specialist Suez. Quality Circular Polymers is capable of processing 35 000 tons of polypropylene and high-density polyethylene per year. The recycling facility, located in the Dutch municipality of Sittard-Geleen, was founded in 2014.
‘€˜This acquisition combines LyondellBasell’s European market presence and technical capabilities with Suez’s ability to collect and recover waste into new materials. We believe that this new venture will provide a strategic platform for future sustainable growth,’€™ according to LyondellBasell ceo Bob Patel and SUEZ ceo Jean-Louis Chaussade.
Texas-based LyondellBasell stresses that this deal marks ‘€˜the first time’€™ that a major plastics and chemicals company joins forces with an experts in resource management to contribute to circular economy objectives.

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