LyondellBasell Joins Exxon in Chemical Recycling JV; Buys 25% Stake

LyondellBasell has acquired a 25% stake in chemical-recycling technology group Cyclyx International, a JV between Agilyx and ExxonMobil formed three years ago.

“Investing in plastic waste value chain experts such as Cyclyx, together with Agilyx and ExxonMobil, helps create the robust supply chains we all need to increase access to circular and renewable feedstocks,” says Yvonne van der Laan, LyondellBasell executive vice president, Circular and Low Carbon Solutions. “This collaboration unlocks the necessary scale of recycled material and infrastructure for our planned integrated Circular and Low Carbon Solutions Hub in the Houston area and aligns with our purpose of creating solutions for everyday sustainable living.”