# LyondellBasell acquires 25% stake in Cyclyx joint venture

LyondellBasell has acquired a 25% equity ownership in Cyclyx International, a joint venture between Agilyx and ExxonMobil focused on plastic waste recycling. The deal aims to accelerate circular economy infrastructure for plastics.

- Type: Acquisition
- Announced: 2023-10-26
- Where: Portsmouth, New Hampshire, United States
- Status: completed
- Products: plastic waste recycling, circular feedstocks
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [ExxonMobil](https://endata.com/companies/1345.md) (partner)
- [LyondellBasell](https://endata.com/companies/1444.md) (acquirer)
- [Agilyx](https://endata.com/companies/5878.md) (partner)
- [Cyclyx](https://endata.com/companies/11195.md) (target)
- [Cyclyx International](https://endata.com/companies/73288.md) (target)

## Sources

- [news.cision.com](https://news.cision.com/cyclyx-international/r/lyondellbasell-acquires-25--of-cyclyx-joint-venture--joining-agilyx-and-exxonmobil-to-accelerate-pla,c3862467), 2023-10-26: "Investing in plastic waste value chain experts such as Cyclyx, together with Agilyx and ExxonMobil, helps create the robust supply chains we all need to increase access to circular and renewable feedstocks."
- [lyondellbasell.com](https://www.lyondellbasell.com/en/who-we-are/updates-events/corporate--financial-news/lyondellbasell-acquires-25-of-cyclyx-joint-venture-joining-agilyx-and-exxonmobil-to-accelerate-plastic-waste-recycling/), 2023-10-26: "Investing in plastic waste value chain experts such as Cyclyx, together with Agilyx and ExxonMobil, helps create the robust supply chains we all need to increase access to circular and renewable feedstocks."
- [endata.com](https://endata.com/announcements/10005-lyondellbasell-acquires-25-stake-in-cyclyx-joint-venture-of-agilyx-and), 2023-11-03: "LyondellBasell acquired 25% equity ownership of the joint venture between Agilyx and ExxonMobil."
- [renewable-carbon.eu](https://renewable-carbon.eu/news/lyondellbasell-acquires-25-of-cyclyx-joint-venture-joining-agilyx-and-exxonmobil-to-accelerate-plastic-waste-recycling/), 2023-12-11: "This collaboration unlocks the necessary scale of recycled material and infrastructure for our planned integrated Circular and Low Carbon Solutions Hub in the Houston area."

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