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FRANKFURT, Germany, September 11, 2024 /3BL/ - LyondellBasell (LYB) is investing in a new closed-loop preparation center in Lich, Germany. This sophisticated recycling center is transforming plastic waste into high-quality feedstock for high-performance materials, supporting the circular economy and contributing to industry sustainability goals. This new recycling center brings the collective expertise of a service provider, a university supporting the process and analytics used and the dedicated team at LYB.
The closed-loop preparation center supports the LYB integrated hub strategy, bringing together existing assets with new advanced sorting and recycling capabilities to create operational scale, reduce cost and capture value from plastic waste. This new center marks a significant leap in waste processing capabilities for durable goods, such as automotive and white good appliance parts. The requirements for recycling durable goods once they’ve reached their end-of-life are complex. The materials need to be stripped of any paint, metal and other additives to get to a plastic suitable for a high-quality feedstock.
“These efforts are unlocking new ways of recycling durable goods into new materials for high-quality applications,” said Frank Nöltgen, Vice President of Advanced Polymer Solutions Europe at LYB. “By investing in sorting, recycling and the development of proprietary recycling technologies, we are taking significant steps towards a sustainable future.”
The recycling center employs mechanical recycling to transform end-of-life automotive and appliance plastics, such as bumpers and trim, into high-quality recycled materials. These recycled materials will be incorporated into the LYB CirculenRecover product range, offering more sustainable solutions based on recycled content for demanding applications in the automotive and white goods sectors, including structural parts, interior components, and visible applications.
“We are excited to support automotive and durable white goods manufacturers in achieving their sustainability targets,” added Erik Licht, Director New Business Development of Advanced Polymer Solutions Europe at LYB. “This closed-loop preparation center ensures that valuable plastic materials are kept in circulation, reducing reliance on virgin resources and enabling products with a lower carbon footprint compared to virgin products.”
The Lich recycling center is expected to reach commercial scale in the fourth quarter of 2024. This investment aligns with the company’s ambitious goal to produce and market at least 2 million metric tons of recycled and renewable-based polymers annually by 2030.
About LyondellBasell
We are LyondellBasell – a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors and society. As one of the world's largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. For more information, please visit www.lyb.com or follow @LyondellBasell on LinkedIn.
Forward-Looking Statements
The statements in this release relating to matters that are not historical facts are forward-looking statements. Actual results could differ materially based on factors including, but not limited to, our ability to meet our sustainability goals, including the successful expansion and operation of the facilities described, the ability to increase production of recycled and renewable-based polymers to meet our targets and forecasts and our ability to procure feedstock to meet these goals. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the "Risk Factors" section of our Form 10-K for the year ended December 31, 2023, which can be found at www.lyb.com on the Investor Relations page and on the Securities and Exchange Commission's website at www.sec.gov. There is no assurance that any of the actions, events or results of the forward-looking statements will occur, or if any of them do, what impact they will have on our results of operations or financial condition. Forward-looking statements speak only as of the date they were made and are based on the estimates and opinions of management of LyondellBasell at the time the statements are made. LyondellBasell does not assume any obligation to update forward-looking statements should circumstances or management's estimates or opinions change, except as required by law.
LYB Media Contact:
Chelsea Clark
Business Communication Manager – Advanced Polymer Solutions
+13302852686
[email protected]
