LyondellBasell and SUEZ acquire 50% stake in plastics recycler QCP

LyondellBasell entered into a definitive agreement to purchase a 50% stake in Quality Circular Polymers (QCP), a plastics recycling company in the Netherlands, becoming a 50/50 partner with SUEZ. The deal value was not disclosed.

“This acquisition combines LyondellBasell’s European market presence and technical capabilities with SUEZ’s ability to collect and recover waste into new materials.”ivsinvestmentbanking.com

• 1 source
• ivsinvestmentbanking.comLyondellBasell, SUEZ purchase European plastics recycling company - IVSOct 9, 2019

Summarized from public sources; check the original articles before acting on it.