LyondellBasell said it plans to acquire Veolia Belgium‘s stake in the joint venture Quality Circular Polymers (QCP), which has recycling facilities in Belgium and the Netherlands. Currently, the Paris-headquartered waste management group supplies soiled plastic waste to the recycling units, a role it will continue on an independent basis.
NextChem, a subsidiary of Italian engineering contractor Maire Tecnimont, has agreed to acquire, scale up and commercialize Biorenova’s proprietary CatC continuous chemical recycling technology through a joint venture.
LyondellBasell (LYB) said it is moving ahead with engineering for a commercial scale advanced plastics waste recycling plant it intends to build at its Wesseling, Germany, production site together with Germany’s 23 Oaks Investments.
During this year’s K show, SABIC will highlight its commitment to circular, sustainable solutions designed to reduce plastic waste and support the shift to product electrification.
Shell Chemicals has announced it will earmark “billions of euros” from its current capital spending budget to make production assets more sustainable as it works to achieve net zero emissions by 2032.
