# LyondellBasell and 23 Oaks Investments form JV to build plastic waste sorting facility in Germany

LyondellBasell and 23 Oaks Investments formed a joint venture, Source One Plastics, to build an advanced plastic waste sorting and recycling facility in Germany. The facility will process plastic packaging waste from approximately 1.3 million German citizens per year.

- Type: New facility
- Announced: 2022-10-11
- Where: Germany, Germany
- Status: announced
- Products: plastic waste sorting and recycling, processed plastic waste feedstock
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [LyondellBasell](https://endata.com/companies/1444.md)
- [23 Oaks Investments](https://endata.com/companies/66312.md) (partner)
- [Source One Plastics](https://endata.com/companies/66313.md) (partner)

## Sources

- [lyondellbasell.com](https://www.lyondellbasell.com/en/who-we-are/updates-events/corporate--financial-news/lyondellbasell-forms-joint-venture-to-build-plastic-waste-sorting-and-recycling-facility-and-plans-to-build-advanced-recycling-plant/), 2022-10-11: "We are taking an important first step into the upstream side of the business to secure access to plastic waste that we will convert into new plastic materials at our advanced recycling plants."

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