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.