LyondellBasell, a global chemical industry leader, has acquired a 50% stake in Stiphout Industries, a Dutch post-consumer plastic packaging waste processing company.

Founded in 2015, Stiphout Industries specializes in the processing of plastic household waste into clean flakes of recycled polypropylene (PP) and high-density polyethylene (HDPE) materials. The company operates a facility in Montfort, the Netherlands, with an annual processing capacity equivalent to the amount of plastic packaging waste generated by more than 500,000 Dutch citizens per year.

The acquisition aligns with LyondellBasell's strategy to invest in recycling and plastic waste processing companies that support its existing assets in the Netherlands and Germany. LyondellBasell also plans to leverage local logistical and operational synergies with its plastics recycling subsidiary, Quality Circular Polymers, while exploring opportunities to further expand its CirculenRecover portfolio (polymers derived from mechanical recycling processes to produce recycled resins).

For Stiphout Industries, the acquisition would help improve its commercial and operational performance.