Home News LYONDELLBASELL BUYS SHARE IN RECYCLING

LYONDELLBASELL BUYS SHARE IN RECYCLING

July 21, 2023
M&A

Lyondellbasell buys share in dutch recycling company. The company has acquired 50% share in Stiphout Industries B.V. Stiphout specializes in the sourcing and processing of post-consumer plastic packaging waste.

The company operates a facility in Montfort, the Netherlands.

Founded in 2015, Stiphout has accumulated substantial expertise in transforming plastic household waste into clean flakes of recycled polypropylene (PP) and high-density polyethylene (HDPE) materials.

Stiphout’s yearly processing capacity apparently matches the volume of plastic packaging waste produced by more than half a million Dutch residents annually.