LyondellBasell acquires mechanical recycling assets in California, US
LyondellBasell acquired mechanical recycling assets with rigid plastics recycling processing lines from PreZero, a recycling and waste management service provider.
The transaction includes leasing the processing facility in Jurupa Valley, California, the US. The processing facility holds annual production capacity of about 50 million pounds for recycled materials.
PreZero’s processing facility in California.
LyondellBasell will operate the newly-acquired recycling plant to manufacture post-consumer recycled resins using plastic waste feedstock. The company will offer these recycled polymers under its CirculenRecover brand which enable circular economy.
LyondellBasell will build upon its existing experience in plastic recycling in Europe and deliver a state-of-the-art, mechanical recycling facility to meet growing demand for recycled products in the US.
“This acquisition further strengthens our U.S. presence and will deliver value for our customers and plastic recycling rates in the West Coast,” said Yvonne van der Laan, executive vice president, Circular and Low Carbon Solutions.
