based feedstock management company established by advanced recycler Agylix and comprising of partners across the value chain, has now welcomed LyondellBasell as a founding member.
As a major producer of plastics and chemicals, LyondellBasell has embraced the concept of the circular economy and has pledged to produce and market two million metric tons of recycled and renewable-based polymers annually by 2030. To that end, LyondellBasell has made multiple investments in recycling technologies and collaborations focused on advancing recycling infrastructure and end markets for recycled products.
"LyondellBasell recognizes the challenges plastic waste brings, and we aim to be a part of the solution through our involvement with Cyclyx, which can help us and our industry achieve our recycling ambitions,” said Ken Lane, LyondellBasell executive vice president Global Olefins and Polyolefins.
Ganesh Nagarajan, associate director, polymers business development and projects at LyondellBasell will sit on Cyclyx’ executive advisory board.
Cyclyx provides third-party audited, circular, end-of-life pathways for post-use plastic throughout the value-chain. Its members gain access to tools such as chemical characterisation of plastics and predictive modelling of feedstock sources to product pathways, custom feedstock recipes, and customised supply chains. In April 2021, it obtained certification through the International Sustainability and Carbon Certification Plus process for its post-use plastic management systems. This certification provides customers with the assurance that the plastic feedstock acquired for their processes satisfies conditions of being post-use and are traceable and auditable. It also certifies Cyclyx as a circular pathway point of origin and allows Cyclyx customers to use mass balance accounting to attribute post-use plastics to the production of their certified circular plastics and other products.