LyondellBasell
Catalytic pyrolysis unit in heart of Europe to bolster sustainable growth, value creation
- Chancellor Scholz, top elected officials attend milestone event; celebrate company commitment to Cologne region
- Proprietary LYB MoReTec technology enables scalable solution to recapture valuable raw materials from hard-to-recycle plastics often destined to landfill, incineration
- Unit's design and process technology enable high plastic-to-plastic yield; allow for operation under 100% renewable power, helping reduce GHG emissions
WESSELING, Germany, Sept. 19, 2024 (GLOBE NEWSWIRE) -- LyondellBasell (NYSE: LYB) today advanced its journey toward sustainable growth and value creation by laying the foundation of its first, catalytic advanced recycling plant at its Wesseling, Germany site. German Chancellor Scholz and Minister-President Wüst attended the celebrations, underscoring the project's importance for both the region's and Germany's goals for a circular, low carbon economy. Targeted startup for the new unit is set for 2026, as part of the company's strategy to build a profitable Circular and Low Carbon Solutions business.
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