LyondellBasell to lease California plant to produce recycled resins from waste

SAO PAULO (ICIS)–LyondellBasell has acquired a recycling plant in California from PreZero in which it plans to produce post-consumer recycled resins from plastic waste, the US chemicals major said on Tuesday.

Financial details were not disclosed.

The plant will be fully taken over by LyondellBasell in 2025. It will have a production capacity of 50 million pounds/year (25,000 tonnes/year) of recycled resins.

“The transaction includes leasing the processing facility in Jurupa Valley, California … LYB will offer these recycled polymers under its CirculenRecover brand, part of the company’s Circulen portfolio of products that enable the circular economy,” it added.

LyondellBasell’s Executive Vice-President for the circular economy, Yvonne van der Laan, added the company was aiming to “build upon our existing experience in plastic recycling in Europe” to meet US’ growing demand for recycled products.

In October 2023, LyondellBasell acquired a 25% stake in Cyclyx, a joint venture between energy major ExxonMobil and Agilyx.

Additional reporting by Emily Friedman

Thumbnail shows bales of recycled plastic. Image by Shutterstock.