# LyondellBasell and SUEZ to buy 50% stake in plastics recycler QCP

LyondellBasell entered a definitive agreement to purchase a 50% stake in Quality Circular Polymers (QCP), a plastics recycling company in Sittard-Geleen, Netherlands, becoming a 50/50 partner with SUEZ. The facility can produce 35,000 tons of PP and HDPE per year starting in 2018.

- Type: Acquisition
- Announced: 2017-11-27
- Where: Sittard-Geleen, Netherlands
- Status: announced
- Capacity: 35,000 tons per year of PP and HDPE
- Products: polypropylene (PP), high-density polyethylene (HDPE)
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Suez](https://endata.com/companies/1259.md) (acquirer)
- [Suez](https://endata.com/companies/1259.md) (partner)
- [LyondellBasell](https://endata.com/companies/1444.md) (acquirer)
- [LyondellBasell](https://endata.com/companies/1444.md) (partner)
- [LyondellBasell Industries NV](https://endata.com/companies/21448.md) (partner)
- [Quality Circular Polymers](https://endata.com/companies/28395.md) (target)
- [Quality Circular Polymer](https://endata.com/companies/28421.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/lyondellbasell-and-suez-purchase-european-plastics-recycling-company-300561648.html), 2017-11-27: "LyondellBasell... today announced it has entered into a definitive agreement to purchase a 50 percent stake in Quality Circular Polymers (QCP)."
- [prnewswire.co.uk](https://www.prnewswire.co.uk/news-releases/lyondellbasell-and-suez-purchase-european-plastics-recycling-company-660236593.html), 2017-11-27: "LyondellBasell... today announced it has entered into a definitive agreement to purchase a 50 percent stake in Quality Circular Polymers (QCP)."
- [recyclingtoday.com](https://www.recyclingtoday.com/news/lyondellbasell-suez-partner-european-plastic-recycling/), 2017-11-27: "LyondellBasell, a Houston-based company that bills itself as one of the world’s largest plastics, chemical and refining companies, has announced it has entered into a definitive agreement with Paris-based waste and recycling company Suez to purchase a 50 percent stake in Quality Circular Polymers (Q"
- [endata.com](https://endata.com/announcements/1643-suez-and-lyondellbasell-form-joint-recycling-venture-for-circular-polymers), 2017-11-27: "Suez and LyondellBasell have signed an agreement establishing a joint venture for the production of high-quality circular polymers."
- [hydrocarbonprocessing.com](https://www.hydrocarbonprocessing.com/news/2017/11/suez-lyondellbasell-in-plastics-recycling-jv/), 2017-11-28: "Suez and LyondellBasell will each take 50% in Quality Circular Polymer (QCP), a plastics recycling firm based near Maastricht, the Netherlands."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.