LyondellBasell and SUEZ increase plastics recycling capacity

LyondellBasell and SUEZ increase plastics recycling capacity

December 9, 2020
Press Release: LyondellBasell

LyondellBasell, one of the world’s largest plastics, chemicals and refining companies and SUEZ, a leading company in environmental services, have announced the acquisition of TIVACO, a plastics recycling company located in Blandain, Belgium

The company will become part of Quality Circular Polymers (QCP), the companies’ existing 50/50 plastics recycling JV. With this transaction, QCP will increase its production capacity for recycled materials to approximately 55,000 tons per year.

“This latest investment in QCP supports LyondellBasell’s ambition to produce and market two million tons per year of recycled and renewable source-based polymers by 2030,” said Richard Roudeix, senior vice president, Olefins & Polyolefins, Europe, LyondellBasell. “Extending the plastics life-cycle through recovery, recycling and re-use not only eliminates waste but also produces a product with a lower CO2 footprint. This innovative approach is key to unlocking additional value from existing plastics while addressing brand owners’ needs for sustainable products.”

“We are thrilled to take a step forward with our long-term partner LyondellBasell,” commented Jean-Marc Boursier, SUEZ Group COO. “With the new acquisition, we will together speed-up the use of quality circular polymers in Europe and support industrial manufacturers’ efforts to reach their environmental targets. It also confirms SUEZ’s ambition to become the world leader in environmental services by 2030.”

The TIVACO facility operates five production lines capable of processing approximately 22,000 tons of recycled plastic per year. This acquisition builds on the companies’ 2018 acquisition of QCP, a plastics recycling company in Geleen, the Netherlands, which is capable of processing approximately 35,000 tons of material per year. Today, recycled materials from QCP can be found in consumer products including Samsonite’s S’Cure ECO luggage collection.

QCP is committed to ending plastic waste in the environment. The joint venture leverages the two partners’ respective strengths. SUEZ will utilize its leading-edge technology solutions in sorting and recycling to improve the preparation of materials to be recovered at QCP. LyondellBasell will apply its longstanding leadership in innovative plastic production technology, vast experience in product development and deep knowledge of important end markets such as consumer goods, where the company has a strong presence.

Plastic Free World Conference & Expo 2021 will be co-located with The Greener Manufacturing Show and will take place at Cologne Messe, Germany, on Wednesday 16 June and Thursday 17 June 2021. Registrations for this highly focused, solutions-driven event will open in early 2021. For sponsorship and exhibition opportunities, please email peter@trans-globalevents.com

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