# LyondellBasell to acquire full ownership of QCP recycling facilities

LyondellBasell has signed an agreement to buy Veolia Belgium's 50% stake in Quality Circular Polymers (QCP) BV, making LyondellBasell the sole owner of the mechanical recycling facilities in Belgium and the Netherlands.

- Type: Acquisition
- Announced: 2023-04-28
- Where: Belgium and the Netherlands, Netherlands
- Status: announced
- Products: recycled polymers, Circulen Recover brand
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [LyondellBasell](https://endata.com/companies/1444.md) (acquirer)
- [Veolia Belgium](https://endata.com/companies/10528.md) (target)
- [Quality Circular Polymers](https://endata.com/companies/28395.md) (target)

## Sources

- [lyondellbasell.com](https://www.lyondellbasell.com/en/who-we-are/updates-events/corporate--financial-news/lyondellbasell-and-veolia-restructure-their-plastics-recycling-joint-venture-qcp/), 2023-04-28: "Full ownership of QCP supports our goal to produce and market at least 2 million metric tons of recycled and renewable-based polymers."
- [accessnewswire.com](https://www.accessnewswire.com/newsroom/en/industrial-and-manufacturing/lyondellbasell-and-veolia-restructure-their-plastics-recycling-joint-ve-755260), 2023-05-16: "Veolia will sell its 50% share to LyondellBasell which will become 100% owner of QCP."

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