LyondellBasell announced Oct. 16 that it acquired a 50 percent stake in Rodepa Vastgoed BV, the holding company of De Paauw Sustainable Resources.
The Dutch plastic waste recycler is involved in the sourcing, processing and trading of post-consumer and post-industrial plastic packaging waste.
DPSR was founded in 1956 and has grown into a leading recycler in the Benelux region, processing plastics waste into recycled polypropylene and low density polyethylene materials. It operates production facilities located in Hengelo and Enschede, Netherlands, with an annual processing capacity equivalent to the amount of plastics packaging waste generated by more than 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 that allows us to build scale and expand our production and offering of mechanically recycled CirculenRecover products," said Yvonne van der Laan, LyondellBasell executive vice president, circular and low carbon solutions. "Demand for recycled plastics continues to grow as consumers and brand owners ask for sustainable materials."
The acquisition follows a similar announcement from July, when LyondellBasell acquired a 50 percent stake in Stiphout Industries BV, a Montfort, Netherlands-based company active in the sourcing and processing of post-consumer plastic packaging waste.
De Paauw Sustainable Resources
Hall B2, Booth 2011