LyondellBasell and Suez have announced they have considerably expanded their existing 50/50 plastics recycling joint venture, Quality Circular Polymers, with the purchase of Tivaco, a family-owned recycler located in Blandain, Belgium.
The Tivaco facility operates five production lines with a total capacity of approximately 22,000 tonnes of recycled plastic per year. Netherlands-based QCP, which was jointly acquired by the two companies in 2018, currently mechanically recycles some 35,000 tonnes of polyolefin material per year.
QCP is committed to ending plastic waste in the environment. As a joint venture, it leverages the two partners' respective strengths, with Suez supplying the sorted and recycled materials to QCP and Lyondell Basell contributing its polymer technology expertise and extensive knowledge of the end markets for QCP’s products.
This latest investment in QCP supports LyondellBasell's ambition to produce and market 2 million tons per year of recycled and renewable source-based polymers by 2030, according to Richard Roudeix, Senior Vice President Olefins & Polyolefins, Europe at LyondellBasell.
"It also confirms SUEZ's ambition to become the world leader in environmental services by 2030,” said Jean-Marc Boursier, SUEZ Group COO.
Both Suez and LyondellBasell are members of the Alliance to End Plastic Waste, a global, cross-value chain non-profit organisation committed to ending plastic waste in the environment. The Alliance brings together a diverse network of resources and expertise to create and scale innovative solutions around the world.