Germany – LyondellBasell and 23 Oaks Investments agreed to establish Source One Plastics, a cutting-edge plastic waste sorting and recycling facility in Germany.
The new unit is made to process the quantity of plastic packaging waste produced by roughly 1.3 million German individuals each year using sustainable energy sources like wind and biomass.
A significant portion of the feedstock for an advanced recycling plant that LyondellBasell proposes to erect at its Wesseling, Germany, location will come from processed trash produced by the Source One Plastics factory. This plant will be the first commercial-scale, single-train advanced recycling facility using LyondellBasell’s MoReTec technology, and it is intended to show how scalable the technology is.
The new facility from LyondellBasell is made to turn post-consumer plastic waste that is difficult to recover into feedstock for new plastic products. Once it is running, it will make it possible to recycle the majority of plastic products, including mixed plastic containers or multi-layered food packaging. The next few months will see the project’s ultimate investment decision.