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LyondellBasell (LYB) is set to build an integrated plastic waste recycling hub in Knapsack, Germany, partnering with YNCORIS GmbH & Co. KG to address plastic waste challenges. The hub will include advanced sorting and recycling operations, covering an area equivalent to 20 soccer fields. The initial phase will focus on constructing an advanced sorting facility to process mixed plastic waste for mechanical and advanced recycling. The hub is expected to start operations in the first quarter of 2026, aiming to produce and market 2 million metric tons of recycled and renewable-based polymers annually by 2030.
Plastic pollution is a critical issue, and the industry is committed to solving the problem. Plastics play a positive role in society, supporting modern life, the energy transition, food preservation, and healthcare. Embracing a circular economy is important to ending new plastic pollution. The company advocates for a global agreement to reduce plastic leakage and supports United Nations' efforts. Collaboration across the value chain is essential to address this global challenge.
LyondellBasell (LYB) is set to build an integrated plastic waste recycling hub in Knapsack, Germany, in partnership with YNCORIS GmbH & Co. KG. The hub will include advanced sorting and recycling operations to tackle plastic waste challenges and promote the circular economy. The project will cover an area equivalent to 20 soccer fields and is expected to produce feedstock for mechanical and advanced recycling. The hub aims to process mixed plastic waste that is currently not recycled, with the initial sorting facility expected to start operations in the first quarter of 2026. LyondellBasell plans to produce and market 2 million metric tons of recycled and renewable-based polymers annually by 2030.
