LyondellBasell announced it has acquired a 50% stake in Stiphout Industries. Stiphout is involved in the sourcing and processing of post-consumer plastic packaging waste. The company operates a facility located in Montfort, the Netherlands, with an annual processing capacity equivalent to the amount of plastic packaging waste generated by over 500,000 Dutch citizens per year. Stiphout was founded in 2015 and has over time built up experience in the processing of plastic household waste into clean flakes of recycled polypropylene and high-density polyethylene materials, establishing itself as an innovative player in the Netherlands.
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