MOSCOW (MRC) -- LyondellBasell may build its second chemical recycling plant at its refinery in Houston, one of the several plans it is considering for the site after the company shuts down the complex, the producer said.
LyondellBasell plans to build its first commercial-scale chemical recycling plant at its Wesseling site near Cologne, Germany. The project will use LyondellBasell's MoReTec process technology, which is already featured in a semi-industrial-scale chemical recycling plant in Ferrara, Italy. A final investment decision for the Wesseling project is expected by the end of 2023.
Much of the waste for the Wesseling plant will come from a plastic-waste sorting and recycling facility that is being developed by Source One Plastics, a joint venture made up of LyondellBasell and 23 Oaks Investments.
If LyondellBasell decides to develop the Wesseling site, then the Houston refinery could host the company's second chemical-recycling plant, said Peter Vanacker, CEO. He made his comments during an earnings conference call. Vanacker had mentioned chemical recycling at the Houston refinery a year ago.
The refinery has hydrotreaters that could upgrade the pyrolysis oil produced by the chemical recycling plant.
We remind, LyondellBasell (LYB) said it is moving ahead with engineering for a commercial scale advanced plastics waste recycling plant it intends to build at its Wesseling, Germany, production site together with Germany’s 23 Oaks Investments. The companies agreed to form a joint venture, called One Source Resources, that would operate the facility with capacity to convert the plastics waste generated by an estimated 1.3 million people into feedstock to make 50,000 t/y of new plastic materials.