Suez is claiming an industry first in the establishment of a joint venture with a major chemicals and plastics company to manufacture high-quality secondary polymers on a large scale.
Under the terms of the partnership with LyondellBasell, both parties will take a 50% stake in QCP, based at Sittard-Geleen, near Maastricht in the Netherlands.
QCP produces polymers for the plastics industry, converting consumer waste into 23,000 tonnes a year of polypropylene (PP) and high-density polyethylene (HDPE). It manufactures two grades of HDPE and eight grades of PP co-polymer.
The partners expect this to rise to 32,000 tonnes in 2018, and 45,000 tonnes before 2020. LyondellBasell will market QCP materials and Suez will be responsible for the post-consumer plastic feedstock.
“As the circular economy continues to grow, we believe that demand for recycled materials will grow as well,” said Richard Roudeix, LyondellBasell’s senior vice-president, olefins and polyolefins, for Europe, Asia and International.
“This acquisition [marries] LyondellBasell’s European market presence and technical capabilities with Suez’s ability to reclaim and manage recoverable waste products.”
Suez operates nine specialist plastics facilities in Europe, in which every year 360,000 tonnes of plastic waste are processed and 135,000 tonnes of new plastic is produced.