LyondellBasell to build integrated plastic waste recycling hub in Germany

LyondellBasell has secured a location for an integrated plastic waste recycling hub south of an existing industrial park in Knapsack, Germany, signing a land lease agreement with YNCORIS GmbH. The hub is planned to combine various advanced sorting and recycling operations, helping to address the plastic waste challenge and grow the circular economy. It is expected that the hub’s initial advanced sorting facility will start operations in Q1 2026. These new investments support the company’s goal to produce and market at least 2 million metric tons of recycled and renewable-based polymers annually by 2030.