Skip to main content
Sister Publication Links
  • Plastics News
  • Plastics News China
SustainablePlasticsFINAL
Subscribe
  • Login
  • SUBSCRIBE
  • News
    • Recycling
    • Sustainability
    • Bioplastics
    • Technology & Materials
    • Nylon sorting made easy
      Plastic pallet recycling scheme celebrates second anniversary
      Milliken expands presence in recycling markets with Zebra-chem deal
      ExxonMobil joins Agilyx feedstock partnership
    • Value chain collaboration yields new circular packaging solution
      Circa Group successfully completes NOK 575 million private placement
      Arburg publishes its first Sustainability Report online
      Wikipedia Foam Takeout-main_i.jpg
      Virginia lawmakers reach 'great polystyrene compromise,' pass EPS ban, chemical recycling law
    • Assets Bio-on S.p.A. up for auction
      Bio-Fed and Febo S.p.A. expand distribution agreement
      RenCom launches production of new lignin-based biomaterial
      SP Group, Nurel Biopolymers develop food-contact approved compostable barrier film structures
    • Injection Moulding
    • Blow Moulding
    • Extrusion
    • Thermoforming
    • 3D printing
    • Technology
    • Materials
    • Machinery
  • Opinion
    • View Point
    • PHA: As green as it gets
      Opinion: The future of sustainable plastic
      A year to remember
      Opinion: California introduces world’s toughest plastic bottle recycling legislature – will other markets follow?
  • Events
    • Our Exhibitions
    • Plastics Industry Awards (PIA)
    • Ask the Expert
    • Sustainable Plastics Live
    • Reifenhäuser Technologies Livestreams
    • Plastics News Europe Live Archives
    • Plastics Recycling Show Europe
  • Prices & Resources
    • Polymer Prices
    • Data Reports
    • White Papers
  • Contact
    • Advertise
    • Media Pack
  • Subscribe
  • Digital magazine
    • Digital Magazine
  • Multimedia
MENU
Breadcrumb
  1. Home
  2. News
November 27, 2017 06:00 AM

LyondellBasell invests in European recycling plastics firm

Plastic News Europe
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print
    QCP

    Global supplier of chemicals and plastics LyondellBasell Industries is acquiring a 50% stake in the Dutch plastics recycling company Quality Circular Polymers (QCP), the company announced 27 Nov.

    LyondellBasell said it was entering into a 50/50 partnership with French water and waste management company Suez which is a strategic investor in the Sittard-Geleen-based recycling company.

    The transaction, whose amount was undisclosed, is expected to be completed by the end of the year following regulatory approvals.

    The investment, said LyondellBasell, marks the first time a major materials supplier is partnering with a resource management company to contribute to circular economy objectives.

    "As the circular economy increases in prominence and importance, we believe that demand for recycled materials will continue to grow," LyondellBasell CEO Bob Patel and Suez CEO Jean-Louis Chaussade said in a joint statement.

    The acquisition taps into LyondellBasell's European market presence and technical capabilities combining it with Suez's ability to collect and recover waste into new materials.

    QCP was founded in 2014 and starting from 2018, its Sittard-Geleen facility, near Maastricht, will have a capacity to convert consumer waste into 35,000 tonnes of polypropylene (PP) and high-density polyethylene (HDPE) per year.

    According to the QCP website, the company's facility in Chemelot, in Sittard-Geleen, has room for expansion of up to 100,000 tonnes a year.

    The total investment into the QCP plant will be €75m. Of that amount €35m was invested in the first phase of the facility, which started production at the end of 2015.

    LyondellBasell will market QCP materials following the completion of the transaction.

    Get our newsletters

    Staying current is easy with Sustainable Plastics' news delivered straight to your inbox, free of charge.

    Subscribe

    Subscriptions to Sustainable Plastics, the leading Pan-European magazine for the circular plastics industry are coming soon.

    Subscribe now
    Connect with Us
    • LinkedIn
    • Twitter

    "In a changing world, Sustainable Plastics is a constant: a platform the plastics industry can rely on to deliver the news and knowhow impacting the industry going forward”

    SustainablePlasticsFINAL
    Contact Us

    11 Ironmonger Lane, EC2V 8EY
    United Kingdom 
     

    Customer Service:
    1-313-446-0450

    [email protected]

     

    Resources
    • Advertise
    • Sitemap
    • Careers
    • Subscribe
    Affiliates
    • Plastics News
    • Plastics News China
    • LSR World
    • Urethanes Technology
    • Tire Business
    • Rubber & Plastics News
    • Automotive News
    • Automotive News Europe
    • Crain Publications
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2021. Crain Communications, Inc. All Rights Reserved.
    • News
      • Recycling
      • Sustainability
      • Bioplastics
      • Technology & Materials
        • Injection Moulding
        • Blow Moulding
        • Extrusion
        • Thermoforming
        • 3D printing
        • Technology
        • Materials
        • Machinery
    • Opinion
      • View Point
    • Events
      • Our Exhibitions
        • Plastics Recycling Show Europe
      • Plastics Industry Awards (PIA)
      • Ask the Expert
      • Sustainable Plastics Live
      • Reifenhäuser Technologies Livestreams
      • Plastics News Europe Live Archives
    • Prices & Resources
      • Polymer Prices
      • Data Reports
      • White Papers
    • Contact
      • Advertise
      • Media Pack
    • Subscribe
    • Digital magazine
      • Digital Magazine
    • Multimedia