malaysiangKUALA LUMPUR, LyondellBasell (LYB) advanced its journey toward sustainable growth and value creation by laying the foundation of its first, catalytic advanced recycling plant at its Wesseling, Germany site.
German Federal Chancellor Olaf Scholz and North Rhine-Westphalia Minister-President Hendrik Wst attended the celebrations, underscoring the project’s importance for both the region’s and Germany’s goals for a circular, low carbon economy.
Targeted startup for the new unit is set for 2026, as part of the company’s strategy to build a profitable Circular and Low Carbon Solutions business.
Its Chief Executive Officer, Peter Vanacker said with investments like these, the company is creating solutions and addressing rising demand for more sustainable products from its customers and society.
‘The new facility has the potential to turn back hard to recycle, processed mixed plastic waste of more than 1.2 million German citizens into valuable raw materials to make new products. And this is only the first unit
that we are building, we are already working on our future MoReTec plants,’ he said in a statement.
Meanwhile, Chancellor Scholz said the German government is committed to strengthening and further enhancing Germany as a location for the chemical industry.
Using LYB proprietary MoReTec technology, this plant will be the first commercial scale, single-train advanced recycling plant, designed to demonstrate its capability for further scalability.
This unit will convert pre-treated, mixed waste plastic into raw materials to produce new plastic polymers that will be sold under the LYB CirculenRevive brand.
LYB anticipates its MoReTec technology will gradually help shift the use of traditional fossil-based raw materials toward circular resources, as the catalytic nature of the technology allows it to conserve energy and significantly lower greenhouse gas emissions, while serving as a blueprint for future investments.
Source: BERNAMA News Agency
