NETHERLANDS – Chemical company LyondellBasell has announced its acquisition of a 50% stake in Rodepa Vastgoed, the holding company of De Paauw Sustainable Resources (DPSR).
The Dutch plastic waste recycling company is involved in the sourcing, processing and trading of post-consumer and post-industrial plastic packaging waste.
DPSR operates production facilities located in Hengelo and Enschede, the Netherlands, with an annual processing capacity equivalent to the amount of plastic packaging waste generated by over 1.7 million Dutch citizens per year.
“Investing in DPSR aligns with our strategy to increase our access to plastic waste feedstock, which supports our integrated hub strategy. This strategy allows us to build scale and expand our production and offering of CirculenRecover products,” says Yvonne van der Laan, Executive Vice President of Circular and Low Carbon Solutions at LyondellBasell.
“Demand for recycled plastics continues to grow as consumers and brand owners ask for sustainable materials.
“Through this collaboration, we can further expand our CirculenRecover portfolio of mechanically recycled polymers, thereby creating innovative solutions for our customers.”
Founded in 1956, DPSR has built an extensive network of plastic waste sources over time.
The firm has become a prominent recycler in the Benelux region, specializing in the processing of plastic waste into recycled polypropylene (PP) and low-density polyethylene (LDPE) materials.
Roy de Paauw, CEO of DPSR, stated, “With a highly motivated team of employees, we have steadily built our business by ethically and strategically repurposing used plastics.”
“I greatly appreciate the cooperation we had with ING CI. I am proud that LyondellBasell is participating in our company and that we are now joining forces to recycle even more plastic waste into high-quality raw material.”
Earlier this month, the company released its new +LC, or low carbon, platforms which include a range of intermediate and derivative chemicals sourced from recycled and renewable feedstocks.
Products with intermediate and derivative chemicals include styrene monomers, ethylene, and propylene oxide, which are used in a wide range of applications, such as building materials, automotive, and consumer goods.
LyondellBasell’s new intermediate and derivative offerings are produced under the International Sustainability and Carbon Certification (ASCC) PLUS-approved mass balance methodology, the company said.
The mass balance approach to producing the chemicals allows renewable and recycled feedstock to be attributed to the final product, also permitting traceability throughout the value chain.
Further, +LC products include product carbon footprint data, allowing companies to compare the carbon impact of +LC products with that of traditional, fossil fuel-based intermediate and derivative chemicals.
