LyondellBasell acquires Mepol Group and invests in plastics recycling

        On March 13, LyondellBasell and Mepol Group announced that they have reached a definitive agreement for LyondellBasell to acquire Mepol Group, a manufacturer of recycled, high-performance technical polymers located in Italy and Poland, consisting of Mepol S.r.l. and its subsidiaries Polar S.r.l. and Industrial Technology Investments Poland Sp.z.o.o.

        “This acquisition demonstrates LyondellBasell’s commitment to driving the development of a circular economy. With the Mepol Group’s expertise in sustainable compounds and LyondellBasell’s commercial scale, we will enhance CirculenRecover and other sustainable solutions for our customers,” said Torkel Lenman, Executive Vice President of Advanced Polymer Solutions at LyondellBasell.

        With three decades of experience, Mepol integrates sustainability into its industrial strategy, the planning and control of plastic recycling activities and the production of thermoplastic compounds formulated from recycled materials. Corporate social responsibility has always been a strategic asset for Mepol, which, thanks to its ongoing R&D activities, focuses on eco-sustainable products for a wide range of applications, from furniture to automotive to the electrical and electronics industry. Mepol Group's mission is not limited to accompanying customers in the transition to recycled products, but also extends to providing waste management and packaging recycling services to support regulatory requirements and extended producer responsibility. Mirco Melato, CEO of Mepol, commented: "We are pleased to work with LyondellBasell to jointly advance sustainable development. With its scale and resources, the combined business will better meet customer needs."

       LyondellBasell continues to provide circular and low-carbon solutions to its customers and started construction of a new advanced recycling plant at its site in Wesseling, Germany, last November. It currently has existing mechanical recycling facilities in the Netherlands and Belgium, and is developing new plastic waste sorting and recycling plants in Houston, Germany, China and India, which have been announced in the fourth quarter of 2022.

        The transaction is subject to regulatory approvals and other customary approvals. In the meantime, the Mepol Group will continue to operate independently.