ROTTERDAM, The Netherlands and HELMSTEDT, Germany, March 27, 2023 /PRNewswire/ -- LyondellBasell, a global leader in the chemical industry, and EEW Energy from Waste, a leading European thermal waste treatment company, have recently signed a letter of intent (LOI). The LOI includes exploring a potential long-term strategic partnership to extract and recycle plastics from incineration waste streams. This collaborative proposal would potentially include construction of waste pre-sorting facilities at or near EEW incineration plants to remove plastics from waste streams destined for incineration, and investment in advanced sorting facilities for further sorting. and refining the extracted plastic. This collaboration supports LyondellBasell's new strategy to invest in advanced sorting infrastructure to produce raw materials based on plastic waste, grow its Low Carbon and Circular Solutions business and fulfill its value creation ambitions.
"Collaborations across the value chain are part of our strategy and are increasingly necessary to free up plastic waste from sources that today do not end up in recycling," said Yvonne van der Laan, Executive Vice President of Low Emission and Circular Solutions. LyondellBasell Carbon Center. "Materials from these sorting facilities would not only support our existing mechanical recycling facilities in the Netherlands and a potential advanced recycling unit in Germany, but also allow us to optimize waste streams and drive additional value. ".
This collaboration would close the cycle of plastics that today are sent to be incinerated, classifying them for use as raw material in mechanical and advanced recycling processes. By removing these materials from the incinerable waste stream, the fossil CO2 emissions associated with their combustion are also avoided.
"With this cooperation, we are creating a compelling solution to plastic waste that is still out of the question for recycling today," said Bernard M. Kemper, CEO of EEW Energy from Waste. "EEW will first build a sorting facility and select the plastics to recover for the feedstock cycle."
The planned cooperation represents a breakthrough in recycling opportunities, using LyondellBasell and EEW sites and know-how to enable a sustainable circular economy.
About Lyondell Basell
As a leader in the global chemical industry, LyondellBasell strives every day to be the safest, best-operated and most valued company in our industry. The company's products, materials and technologies are advancing sustainable solutions for food safety, access to clean water, healthcare and fuel efficiency in more than 100 international markets. LyondellBasell places a high priority on diversity, equity and inclusion and moves toward good with an emphasis on our planet, the communities in which we operate and our future workforce. The company prides itself on its world-class technology and customer focus. LyondellBasell has stepped up its circularity and climate ambitions and actions to address the global challenges of plastic waste and climate change. For more information, visit www.LyondellBasell.com or follow @LyondellBasell on LinkedIn.
EEW: an indispensable part of the circular economy
EEW Energy from Waste GmbH (EEW) is one of Europe's leading companies in the field of thermal recovery of waste and sewage sludge. EEW Energy from Waste is already making a significant contribution to climate and resource protection and is a key player in the circular economy. Our business group currently operates 17 plants that can process around 5 million tons of waste per year. The more than 1,400 employees of our plants guarantee the use of energy stored in waste, the reduction of the volume of waste, the safe elimination and without negative impact of the dangers caused by waste and the recycling of scrap metal and composite materials. . In addition, we efficiently use the energy contained in waste to generate process steam for industrial plants, district heating for residential areas, and environmentally sustainable electricity. In line with our vision for the future, we have set ourselves the goal of being climate neutral by 2030 and climate positive by 2040. A key measure, in addition to carbon reduction, will be carbon capture at our facilities. The captured carbon will be stored partly underground or used as valuable feedstock for chemicals in a carbon neutral economy of the future.
FORWARD-LOOKING STATEMENTS FROM LYONDELLBASELL
Statements in this release relating to matters that are not historical facts are forward-looking statements. These forward-looking statements are based on assumptions by LyondellBasell's management believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual results could differ materially based on factors including, but not limited to, our ability to meet our sustainability goals, including the ability to increase production of recycled and renewable polymers; the successful construction and operation of the facilities described in this release; and our ability to obtain all necessary regulatory clearances. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the "Risk Factors" section of our Form 10-K for the year ended December 31, 2021, which can be found at www.LyondellBasell.com on the Investor Relations page and on the Securities and Exchange Commission website at www.sec.gov. There is no guarantee that any of the actions, events or results of the forward-looking statements will occur, or if any of them occur, what impact they will have on our results of operations or financial condition. Forward-looking statements speak only as of the date made and are based on the estimates and opinions of LyondellBasell management at the time the statements are made. LyondellBasell does not undertake any obligation to update forward-looking statements should circumstances or management's estimates or opinions change, except as required by law.
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