PP

Borealis boosts recycling capacity. Borealis AG’s recent acquisition of Rialti S.p.A. will augment its recycled polypropylene compounds production by 50,000 tons, as stated in their press release.

With this acquisition, Borealis integrates Rialti’s expertise into its operations, broadening its range of recycled compounds suitable for various industries.

The press release indicates that this move aims to address the growing demand for sustainable plastic solutions within the framework of a circular economy.

The purchase will enhance Borealis’s recycling capabilities, marking a significant step in its business expansion and adaptation to market trends.

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.

EU PP market faces challenging outlook. European polypropylene (PP) prices experienced a slight increase in March, influenced by seasonal trends.

Suppliers managed to maintain prices in accordance with raw material costs due to reduced operating rates.

The outlook remains uncertain as the industry faces slow demand recovery, oversupply, and concerns regarding inflation, interest rates, and energy costs.

Demand in various market segments has yet to demonstrate a strong recovery.

For example, the automotive industry has shown slow progress, while the construction sector is experiencing a slump.

Uncertainty, inflation, high energy bills, and interest rates contribute to these industries’ underperformance.

The market is expected to remain well-supplied this year, as suppliers seek to balance the market and maintain prices by reducing operating rates.

The industry will likely experience minimal price changes for the remainder of the year, with no significant rebound anticipated.

LyondellBasell acquires Mepol Group. The company announced its decision to acquire Mepol Group, bolstering circular economy initiatives.

The acquisition encompasses Mepol’s establishments in Poland and Italy, producing recycled and polymer compounds for diverse industries.

LyondellBasell’s executive, Torkel Rhenman, emphasized dedication to sustainable practices and improved products such as CirculenRecover.

Mepol’s CEO, Mirco Melato, embraced the partnership, noting common sustainability objectives and better capabilities to meet customer demands.

Completion of the transaction relies on regulatory consent and other standard closing prerequisites.

LyondellBasell persists in spearheading circular, eco-friendly solutions and broadening recycling infrastructure globally.

LyondellBasell is a multinational chemical company that produces plastics, including polypropylene (PP), chemicals, and refining products.