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LyondellBasell, INEOS Styrolution join Cyclyx

GO CIRCULAR

LyondellBasell, INEOS Styrolution join Cyclyx

Cyclyx International, a feedstock management company for plastic recyclers that is headquartered in Portsmouth, New Hampshire, has announced that LyondellBasell and INEOS Styrolution have joined as founding members of the consortium. Additionally, Ricardo Cuetos, vice president of INEOS Styrolution America, will join the Cyclyx executive advisory board, as will Ganesh Nagarajan, associate director, polymers business development and projects, LyondellBasell. - RecyclingToday

LyondellBasell is of the world’s largest producers of plastics and chemicals. The Houston-based company has pledged to produce and market 2 million metric tons of recycled and renewable-based polymers annually by 2030.

INEOS Styrolution, headquartered in Frankfurt, Germany, with Americas headquarters in Aurora, Illinois, is a leader in styrenics and recently announced its global plastic pledge to move toward a more circular economy for plastic packaging. To this end, the company has developed a family of products, INEOS Styrolution ECO, made from recycled postconsumer plastic as well as from materials based on renewable feedstock.

As a member of the Cyclyx consortium, the companies will have access to the Cyclyx platform, which includes chemical characterization of plastics and predictive modeling of feedstock sources to product pathways, custom feedstock recipes and customized supply chains. Cyclyx aims to provide plastic scrap feedstock appropriate for all existing and new mechanical and advanced recycling pathways.

As a founding member of Cyclyx, increasing the recycling rate of plastic waste is incredibly important to our sustainability journey. LyondellBasell recognizes the challenges plastic waste brings, and we aim to be a part of the solution through our involvement with Cyclyx, which can help us and our industry achieve our recycling ambitions.

Ken Lane, LyondellBasell executive vice president, Global Olefins and Polyolefins

We’re very happy to have LyondellBasell join Cyclyx and to welcome Dr. Nagarajan to the executive advisory board. Their leadership in advancing the circular economy and experience in utilizing renewable feedstock makes them a valuable participant in our mission to drive plastic recycling rates from 10 percent to 90 percent.

Joe Vaillancourt, CEO, Cyclyx

Cyclyx is a leader in the feedstock management and technology space, going far beyond conventional methods for recovering plastic waste. Cyclyx’s extensive knowledge of polystyrene waste sourcing will allow us to reach the necessary feedstock levels required to meet the increasingly high demand we are seeing for recycled polystyrene products. The opportunity to join Cyclyx as a founding member further strengthens our valued partnership, and I am looking forward to being a part of the continued innovations that will certainly come from Cycylx. We are excited to have INEOS Styrolution as a Cyclyx member and welcome Mr. Cuetos to the advisory board. INEOS Styrolution’s commitment to a circular economy is undeniable and their expertise in styrenics make them a strong addition to the consortium.

INEOS Styrolution's Cuetos

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