News from our Members

SUEZ | Joint venture with LyondellBasell to boost production of high-quality recycled plastics

  

On 27 November 2017, ACR+ member SUEZ announced the signature of an agreement with LyondellBasell establishing a joint venture that will focus on the production of high-quality circular polymers. The two parties will leverage combined expertise to provide European plastic industry with virgin-like secondary raw material. This is the first time ever that one of the largest plastics, chemicals and refining companies partners with a leading player in the management of resources to contribute to circular economy objectives.

Under the terms of the agreement, LyondellBasell will be a 50 / 50 partner with SUEZ in QCP3, a high standard plastics recovering company located near Maastricht in the Netherlands. Founded in 2014, QCP produces high-quality raw materials for the plastics industry. Its Sittard-Geleen facility is converting consumer waste into 25,000 tons of polypropylene (PP) and high-density polyethylene (HDPE) per year. With an objective of 35,000 tons in 2018, and 50,000 tons before 2020, the production capacity of the plant will be unique in Europe. Within the new agreement, LyondellBasell will market QCP materials, as SUEZ will be responsible in feeding of the plant with post-consumer plastic waste.

Plastics recycling is a key market for SUEZ. The group operates 9 specialist facilities in Europe in which every year 400,000 tons of plastic waste are processed and 150,000 tons of new plastic resources are produced.

Source: www.suez.com