Lyondellbassell: Forming JV to Build Plastic Waste Sorting & Recycling Facility Link...
LyondellBasell and 23 Oaks Investments, signed an agreement to create Source One Plastics, a joint venture that will build an energy efficient, advanced plastic waste sorting and recycling facility in Germany. Using renewable energy from wind and biomass, the new unit is designed to process the amount of plastic packaging waste generated by approximately 1.3 million German citizens per year. This waste is not recycled today and is mostly incinerated.
The Source One Plastics facility will produce processed waste that will provide a material part of the feedstock for an advanced recycling plant that LyondellBasell plans to build at its Wesseling, Germany, site. Using LyondellBasell's proprietary MoReTec technology, this plant will be the first commercial scale, single-train advanced recycling plant, designed to demonstrate its capability for further scalability. LyondellBasell already operates a semi-industrial scale MoReTec plant at its Ferrara, Italy, site.
Lyondellbassell: Adds New Production at Knapsack Creating World's Largest Polypropylene Compounding Facility Link...
LyondellBassell has started up a fifth production line at its Knapsack, Germany site. Total annual production capacity for the site is now more than 200 kMTpa with then new line adding 25 kMTpa.
Lyondellbassell: Completes Schulman Acquistion Link...
LyongellBasell has completed its $2.25 billion acquistion of A. Schulman Inc., creating the world's largest compounding business. The acquisition more than doubles the firm's existing compounding business and broadens its reach into growing, high-margin end markets such as automotive, construction materials, electronic goods and packaging. Schulman now will be combined with LyondellBasell's compounding business and operate as Advanced Polymer Solutions, a reporting segment within LyondellBasell
Lyondellbassell: Definitive Agreement to Acquire A. Schulman, Inc Link...
LyondellBasell and A. Schulman, Inc. have entered into a definitive agreement under which LyondellBasell will acquire A. Schulman for a total consideration of $2.25 billion. The agreement will double the size of LyondellBasell's existing compounding business and establishes a platform for future growth with reach into additional high-growth markets.
Lyondellbassell: Begins Production at New PP Compounding Plant, Dailan, China Link...
LyondellBasell announced the startup of a new 20 kilotonne per year PP compounding plant in Dalian, China. This is the company's third facility in China, strategically located to serve the region's growing automotive market.
Lyondellbassell: Completes Acquistion of Zylog Plastalloys' PP Compounding Assets Link...
LydondellBasell has completed the acquistion of Zyloy Plastalloys PP compounding assets in India.
Lyondellbassell: Acquiring Zylog Plasalloys PP Assets Link...
Lyondellbassell has acquired Zylog Plasalloys Indian polypropylene compounding facilities.