LyondellBasell acquires PreZero mechanical recycling assets, plans California operations.

LyondellBasell, a chemical company based in Houston, has acquired the mechanical recycling assets and properties of PreZero, a recycling and waste management provider based in Germany. As part of the acquisition, LyondellBasell will lease PreZero's processing facility in Jurupa Valley, California, which has an annual production capacity of approximately 50 million pounds of recycled plastic. The company plans to start operations at the new facility in 2025 and will use it to manufacture post-consumer recycled resins using plastic scrap feedstock. This acquisition supports LyondellBasell's efforts to build a circular economy for plastic and meet customer demand. [Extracted from the article]