Lyondellbasell Will Build Its First Industrial-scale Catalytic Advanced Recycling Demonstration Plant At Its Wesseling, Germany Site, With An Annual Capacity Of 50,000 Tons. Construction Is Planned To Be Completed By The End Of 2025
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LyondellBasell Industries NV (LYB) announced plans to construct its first industrial-scale catalytic advanced recycling demonstration plant in Wesseling, Germany. The plant will have an annual capacity of 50,000 tons and is expected to be completed by the end of 2025.
November 20, 2023 | 9:09 am
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LyondellBasell's new recycling plant demonstrates the company's commitment to sustainability and innovation in the recycling sector. The plant's completion is expected by 2025, which may positively influence investor perception in the short term.
The announcement of a new recycling plant by LyondellBasell is a positive development, reflecting the company's investment in sustainable technology and potential future growth in the recycling industry. This may lead to a favorable investor outlook and potential stock price increase in the short term, although the actual impact will depend on market perception and broader industry trends.
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