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LYB makes deal to bring new plastics recycling hub to German town
Houston-based chemical company LyondellBasell has signed a land lease agreement for a new integrated plastic waste recycling hub by an existing industrial park in Knapsack, Germany.
The agreement is with YNCORIS, a German industrial service provider. The hub will combine advanced sorting and recycling operations to address the plastic waste challenge and the company hopes it will grow the circular economy.
The first phase of the project will see the construction of an advanced sorting facility, which will process mixed plastic waste that can produce feedstock for mechanical and advanced recycling, since this mixed plastic waste is not recycled and usually sent to incineration for energy recovery. The hub's initial advanced sorting facility expects to start operations in the first quarter of 2026. The large facility will cover an area equivalent to 20 soccer fields.
"The industrial park in Knapsack is the ideal location for our integrated hub as is it close to our world-scale facilities in Wesseling and will allow us to develop additional technologies for the recycling of plastic waste," Yvonne van der Laan, LyondellBasell's executive vice president of circular and low carbon solutions, says in a news release. "The integration of various technologies will allow us to build scale and offer our customers a wide range of products from recycled and renewable resources."
In April, LyondellBasell also secured 208 megawatts of renewable energy capacity from a solar park in Germany. Under the 12-year deal, LyondellBasell aim s to purchase about 210 gigawatt-hours of solar power each year from Germany-based Encavis Asset Management.
By 2030, LyondellBasell hopes to produce and market at least 2 million metric tons of recycled and renewable‑based polymers annually.