WESSELING, Germany, April 29,
2024 /PRNewswire/ -- LyondellBasell (LYB) has
secured a location for an integrated plastic waste recycling hub
south of an existing industrial park in Knapsack, Germany, signing a land lease agreement with
YNCORIS GmbH & Co. KG. The hub is planned to combine various
advanced sorting and recycling operations, helping to address the
plastic waste challenge and grow the circular economy. The project
will be developed in phases; the initial phase will see the
construction of an advanced sorting facility that will process
mixed plastic waste to produce feedstock for mechanical and
advanced recycling. This mixed plastic waste is not recycled today
and mostly sent to incineration for energy recovery.
In total, the integrated recycling hub will cover an area
equivalent to 20 soccer fields. It is expected that the hub's
initial advanced sorting facility will start operations in the
first quarter of 2026. These new investments support the company's
ambition to produce and market at least 2 million metric tons of
recycled and renewable‑based polymers annually by 2030.
"The industrial park in Knapsack is the ideal location for our
integrated hub as is it close to our world-scale facilities in
Wesseling and will allow us to develop additional technologies for
the recycling of plastic waste," says Yvonne van der Laan, LyondellBasell Executive
Vice President, Circular and Low Carbon Solutions. "The integration
of various technologies will allow us to build scale and offer our
customers a wide range of products from recycled and renewable
resources."
"The integrated recycling hub will also produce feedstock for
the advanced recycling unit the company will build at its Wesseling
site," says interim Wesseling-Knapsack site manager Stephan
Staender. "The new hub will also provide opportunities for
synergies with the company's mechanical recycling facility in
Geleen, Netherlands and the
company's polypropylene compounding facility in Knapsack."
"This move to our expansion site in the industrial park in
Knapsack is a key building block in the transformation of the
chemical industry in Germany to a
circular economy," says Ralf Müller, CEO of YNCORIS. His fellow
Managing Director Christoph
Kappenhagen adds: "Over the years, the site has undergone
continuous development; the people here have never rested on their
laurels, but have always made a significant contribution to leading
the site into the future with their innovative potential."
About LyondellBasell
We are LyondellBasell – a leader
in the global chemical industry creating solutions for everyday
sustainable living. Through advanced technology and focused
investments, we are enabling a circular and low carbon economy.
Across all we do, we aim to unlock value for our customers,
investors and society. As one of the world's largest producers of
polymers and a leader in polyolefin technologies, we develop,
manufacture and market high-quality and innovative products for
applications ranging from sustainable transportation and food
safety to clean water and quality healthcare. For more information,
please visit www.LYB.com or follow @LyondellBasell on LinkedIn.
About Yncoris
As one of the leading industrial
service providers, YNCORIS is the ideal partner for the
chemical-pharmaceutical industry. With our 1200 employees and 100
trainees, we develop the right solution for every challenge, from
planning, building, and operating to maintaining. Through our
young-spirited and entrepreneurial mindset, mixed with the know-how
from over a hundred years of industrial experience, we provide the
optimum environment for future-proof production. While we are
headquartered in Hürth, our strategically located additional
locations in Dormagen, Duisburg, Düren, Cologne, Krefeld, and Leverkusen allow us to
be closer to our customers. Our range of services covers the entire
lifecycle of industrial facilities, from planning and construction
to efficient and legally compliant operation, as well as
future-oriented plant maintenance. At YNCORIS, we are dedicated to
helping our customers thrive in the market today and tomorrow.
You can find further information at www.yncoris.com
FORWARD-LOOKING STATEMENTS
The statements in this
release relating to matters that are not historical facts are
forward-looking statements. These forward-looking statements are
based upon assumptions of management of LyondellBasell which are
believed to be reasonable at the time made and are subject to
significant risks and uncertainties. Actual results could differ
materially based on factors including, but not limited to, our
ability to meet our sustainability goals, including the ability to
increase production of recycled and renewable-based polymers; the
successful implementation of growth plans; and the successful
construction and operation of the facilities described in this
release. Additional factors that could cause results to differ
materially from those described in the forward-looking statements
can be found in the "Risk Factors" section of our Form 10-K for the
year ended December 31, 2023, which can be found
at www.LYB.com on the Investor Relations page and on the
Securities and Exchange Commission's website
at www.sec.gov.
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SOURCE Lyondell Chemical Company