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LyondellBasell, a global leader in the chemical industry, and EEW Energy from Waste, a leading company in thermal waste treatment in Europe recently signed a letter of intent (LOI). The LOI includes exploring a potential long-term strategic partnership to extract and recycle plastics out of incineration waste streams.
The LyondellBasell (LYB) and EEW collaboration represents an advancement in recycling opportunities.
The proposed collaboration could construct waste pre-sorting facilities at or near EEW incineration plants in Germany to remove plastics from waste streams that are sent for incineration, LyondellBasell said in a statement. The companies would invest in advanced sorting facilities to refine the plastic that has been removed, the Houston-based multinational chemical group added.