Jump to navigation European waste management firm SUEZ has signed a joint venture agreement with plastics manufacturer LyondellBasell that will see ‘high-quality circular polymers’ created for packaging from plastic waste from across Europe. The two firms will become 50/50 partners in Quality Circular Polymers (QCP), a plastics recovery company based near Maastrict in the Netherlands.
The company, which was founded in 2014, produces high-quality raw materials for the plastics industry. SUEZ previously owned 45 percent of the company, with QCP managers and investors owning the rest.
LyondellBasell is one of Europe’s largest plastics and chemical refining companies, creating materials and products that are sold to around 100 countries across the world. The firm will market QCP materials, while SUEZ will provide feedstock to the company’s plant in the form of post-consumer plastic waste. SUEZ partners with European plastics giant to boost production of recycled plastics
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