LyondellBasell Acquires 50% Stake In Rodepa Vastgoed B.V., The Holding Company Of De Paauw Sustainable Resources; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
LyondellBasell has acquired a 50% stake in Rodepa Vastgoed B.V., the holding company of De Paauw Sustainable Resources (DPSR), a Dutch plastic waste recycling company. The acquisition aligns with LyondellBasell's strategy to increase access to plastic waste feedstock and expand its production of CirculenRecover products. The financial terms of the deal were not disclosed.
October 20, 2023 | 3:16 pm
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LyondellBasell's acquisition of a 50% stake in DPSR could potentially increase its access to plastic waste feedstock and expand its production of CirculenRecover products, aligning with its sustainability strategy.
The acquisition of DPSR, a company involved in the sourcing, processing, and trading of post-consumer and post-industrial plastic packaging waste, aligns with LyondellBasell's strategy to increase its access to plastic waste feedstock. This could potentially boost its production of CirculenRecover products, which are in high demand due to growing consumer and brand owner interest in sustainable materials. This strategic move could positively impact LyondellBasell's stock in the short term.
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