LyondellBasell

Reinforcing recycling, rerouting refuse, and reducing wasteflows

Waste Recovery & Management Tech

APK offers a solvent-based Newcycling process that separates different polymers of multi-layer packaging materials and produces recycled materials suitable for new packaging materials. The company produces granules using both traditional recycling process (Recycling granules) and its proprietary Newcycling process (Newcycling granules).As of March 2024, APK operates from a 57,000 sq m (~600,000 sq ft) plant in Merseburg, with the capacity of 12 tons per annum using the conventional recycling process, and eight tons per annum using the Newcycling process.Funding and financialsIn<a href="https://sp-edge.com/updates/16234"> February 2023</a>, APK formed an agreement with LyondellBasell and KIRKBI, which agreed to invest approximately EUR 130 million in the company, and are set to become minority shareholders in APK, along with other co-investors. In addition, Newcyling Plants will be built to increase its production capacity.

Pryme is a Netherlands-based Cleantech company listed on Euronext Growth Oslo that converts plastic waste into usable feedstock for petrochemical companies to create new plastic. Its pyrolysis recycling process can help avoid ~92,000 tons of CO2 emissions per year for each Pryme reactor line, compared to incineration. The company aims to utilize over ten million tons of European plastic waste annually. Pryme claims to achieve highly efficient recycling of 100% of the processed plastics, meeting ISCC+ (an international certification system for bio-based feedstocks and renewables) requirements.&nbsp;In January 2024, Pryme commenced production at its first facility in Rotterdam, Pryme One, which processes 40,000 metric tons of waste plastic annually and yields 30,000 metric tons of liquefied plastic waste (pyrolysis oil). The company also plans to construct a larger-scale plant in 2025.Key customers and partnerships&nbsp;Towards the end of 2021, the company entered into an offtake agreement with Shell Chemicals Europe BV for the supply of pyrolysis oil derived from recycled plastic waste. Following the start of production at Pryme's first plant, Pryme One, Pryme amended the supply agreement with Shell in February 2024, to provide Pryme with a direct outlet for the pyrolysis oil volumes that will be used as feedstock for Shell's Moerdijk upgrader.Funding and financialsPryme received nearly<a href="https://sp-edge.com/updates/18385"> EUR 13 million (~USD 14 million</a>) in May 2023 from Infinity Recycling, Invest-NL, and LyondellBasell to support the commercialization of its pyrolysis process to convert used plastic into valuable products on an industrial scale.

Based in Ohio, Alterra Energy works with waste management companies, petrochemical companies, and government agencies to collect unusable plastic and convert it into new materials like crude oil, wax, and recycled plastic. This is done using a ​​thermochemical liquefaction process technology also known as pyrolysis. The recycled plastic materials are sent to manufacturers to be remade into new products such as feedstock for polymers and chemicals.As of July 2021, the company operated one plant in Ohio to recycle 60 tons of plastic per day. Finland’s Neste, an oil refining company, acquired a minority stake in Alterra in January 2021 to use its technology to recycle plastic waste into crude oil. This was then used by Neste as feedstock in its production process. The two companies were to build a factory in Europe by 2021. In July 2021, Ravago (a Turkish producer and distributor of plastic, rubber, and chemicals) invested in Alterra to transform its plastic waste into ISCC PLUS certified material with Alterra’s technology.In October 2021, Alterra Energy announced providing its thermochemical liquefaction technology to a pyrolysis-based chemical recycling plant in the Netherlands. The facility is a joint venture catering to Neste’s and Ravago’s joint ambition of processing 200,000 tonnes of mixed plastic waste, and will combine Alterra Energy’s technology to do so.In <a href="https://sp-edge.com/updates/16438">February 2023 </a>, the company announced its license arrangement with a subsidiary of Freepoint Eco-Systems, to secure and recycle plastic, for a proposed 192,000 tonnes per annum advanced plastics recycling facility in the Gulf Coast region.

Alterra Energy is an innovative chemical recycling technology company. Alterra Energy engages in developing and commercializing continuous recycling technology, which transforms waste plastic into petrochemical products.

National Petrochemical Industrial Company, a Saudi Arabian polypropylene plant, produces a range of polypropylene product mix.

Stiphout Industries is the authority in really sustainable plastic waste recycling. We repurpose every portion of every product it accept.

Pryme BV is an innovative cleantech company focused on converting plastic waste into valuable products through low-carbon chemical recycling on an industrial scale. Pryme seeks to contribute to a meaningful solution to the global plastic waste problem by enabling the circularity of plastic. We convert plastic waste into valuable petrochemical products using a proven pyrolysis process that is enhanced with proprietary characteristics and has a low carbon footprint. Our first plant in Rotterdam will start production in 2022. Once it is operational, we will begin an ambitious roll-out process to realize the enormous potential of our technology through a combination of owned-operated plants and licensing to strategic partners.

APK is a creative industrial innovator in the creation of high-quality plastics from post-industrial and post-consumer plastic waste.

QCP provides brand owners and plastics convertors with polymers of high and consistent quality based on used plastics.

LyondellBasell produces polypropylene as well as polyethylene and propylene oxide. Its compounds find application in a wide range of consumer and industrial products.

<div> LyondellBasell Industries (NYSE: LYB) is a global leader in the production of plastics, chemicals, and refining. Founded in 2007 through the merger of Lyondell Chemical Company and Basell Polyolefins, LyondellBasell has grown to become one of the world's largest producers of polymers and a leader in polyolefin technologies. The company operates in two main segments: Olefins &amp; Polyolefins and Intermediates &amp; Derivatives. Its product portfolio includes polyethylene, polypropylene, propylene oxide, ethylene, propylene, and their derivatives. These materials are used in a wide range of applications across industries such as packaging, automotive, construction, and healthcare. LyondellBasell also produces fuels and refines crude oil into products like diesel and gasoline. LyondellBasell has been actively expanding its recycling and sustainability efforts. In 2022, the company announced a new Circular and Low Carbon Solutions business with the goal of producing 2 million tonnes of recycled and renewable-based polymers annually by 2030. It has invested in mechanical recycling facilities in Europe through joint ventures and acquisitions. The company is also developing chemical recycling technologies, including its proprietary MoReTec process. In November 2023, LyondellBasell committed to building its first industrial-scale chemical recycling plant in Wesseling, Germany, with a capacity to process 50,000 tonnes of plastic waste per year by 2025. </div>

LyondellBasell Industries

LyondellBasell to open regional corporate office in Saudi Arabia at KAFD

ANALYST_QUICK_TAKE

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

<div>
 Global chemical industry leader, LyondellBasell (LYB) has partnered with car manufacturer Dacia. They will develop a recycled polypropylene material for use in the exterior design of the new Dacia Duster. 
 This collaboration introduces 'Starkle', a material from LyondellBasell's CirculenRecover portfolio. 'Starkle' contains 20% recycled polypropylene from post-industrial waste. The material is used in exterior components such as trims, side moldings, and bumpers. It not only provides a distinctive visual appeal but also reduces CO2 emissions compared to virgin materials. 
</div> Analyst QuickTake: 
 This marks the first major use of CirculenRecover in an automotive application. In <a href="https: 
//sp-edge.com/updates/24798"> December 2023 </a> , the company launched a polypropylene copolymer made from recycled maritime gear intended for injection molding applications for automotive interiors and trim.

LyondellBasell Industries

About EDGE

Contact Us

Resources

Area of Focus

Technology Research Made Effortless