LyondellBasell Joins Forces with De Paauw Sustainable Resources Through Stake Acquisition
LyondellBasell Joins Forces with De Paauw Sustainable Resources Through Stake Acquisition

LyondellBasell Joins Forces with De Paauw Sustainable Resources Through Stake Acquisition

  • 17-Oct-2023 1:49 PM
  • Journalist: Gabreilla Figueroa

LyondellBasell made a significant announcement today, revealing its acquisition of a 50% stake in Rodepa Vastgoed B.V., the holding company that oversees De Paauw Sustainable Resources (DPSR). This strategic move underscores the chemical giant's commitment to sustainability and its endeavor to bolster its access to plastic waste feedstock. DPSR, a renowned Dutch plastic waste recycling company, specializes in the procurement, processing, and trading of post-consumer and post-industrial plastic packaging waste. The firm operates production facilities situated in Hengelo and Enschede, the Netherlands, boasting an impressive annual processing capacity equivalent to the plastic packaging waste generated by over 1.7 million Dutch citizens each year.

Yvonne van der Laan, the Executive Vice President of Circular and Low Carbon Solutions at LyondellBasell, explained that the investment in DPSR was driven by their strategy to enhance their access to plastic waste feedstock. She mentioned that this move aligned with their integrated hub strategy, enabling them to achieve scalability and broaden their production and offerings of CirculenRecover products. She noted the increasing demand for recycled plastics due to consumer and brand preferences for sustainable materials. She added that, through the collaboration, they aimed to expand their CirculenRecover portfolio of mechanically recycled polymers, with a focus on providing innovative solutions to their customers.

DPSR, founded in 1956, has spent decades cultivating an extensive network of sources for plastic waste. The company has earned its stripes as a prominent recycler in the Benelux region, where it processes plastic waste into recycled polypropylene (PP) and low-density polyethylene (LDPE) materials.

Roy de Paauw, the CEO of DPSR, conveyed his enthusiasm for the partnership by explaining that they had steadily built their business over the years with a dedicated team, responsibly and thoughtfully exploring new applications for recycled plastics. He expressed deep appreciation for the collaboration with ING CI and stated his pride in LyondellBasell's involvement in their company, emphasizing that they were now united in their efforts to further transform plastic waste into premium-quality raw materials.

LyondellBasell's acquisition of the 50% stake in DPSR was secured from DPSR CEO Roy de Paauw and ING Corporate Investments, the investment arm of the Dutch multinational banking and financial services corporation ING Group.

Mathijs Henzen, Investment Director at ING Corporate Investments, emphasized how this investment was in perfect alignment with ING's sustainability goals.

As this partnership takes shape, it promises to unlock new possibilities for sustainable solutions and further drive the circular economy forward.

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