LyondellBasell announced on October 16 it acquired a 50% stake in Rodepa Vastgoed B.V., the holding company of De Paauw Sustainable Resources (DPSR). The Dutch plastic waste recycler is involved in the sourcing, processing, and trading of post-consumer and post-industrial plastic packaging waste.
DPSR was founded in 1956 and has grown into a leading recycler in the Benelux region, processing plastic waste into recycled polypropylene (PP) and low-density polyethylene (LDPE) materials. It operates production facilities located in Hengelo and Enschede, the Netherlands, with an annual processing capacity equivalent to the amount of plastic packaging waste generated by over 1.7 million Dutch citizens per year.
“Investing in DPSR aligns with our strategy to increase our access to plastic waste feedstock, which supports our integrated hub strategy that allows us to build scale and expand our production and offering of mechanically recycled CirculenRecover products,” said Yvonne van der Laan, LyondellBasell executive vice president, circular and low carbon solutions. “Demand for recycled plastics continues to grow as consumers and brand owners ask for sustainable materials,” she added.
The acquisition follows a similar announcement this July, when LyondellBasell acquired a 50% stake in Stiphout Industries B.V., a Montfort, Netherlands-based company active in the sourcing and processing of post-consumer plastic packaging waste.