# LyondellBasell buys Veolia's 50% stake in QCP plastics recycling JV

LyondellBasell agreed to acquire Veolia Belgium's 50% share in Quality Circular Polymers, becoming sole owner of the plastic recycling joint venture with facilities in Belgium and the Netherlands.

- Type: Acquisition
- Announced: 2023-05-01
- Where: Belgium and the Netherlands, Belgium
- Status: announced
- Capacity: at least two million metric tons of recycled and renewable-based polymers (company goal)
- Products: recycled polymer blends, CirculenRecover polymers
- 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) (partner)

## Sources

- [packaging-gateway.com](https://www.packaging-gateway.com/news/veolia-lyondellbasell-qcp-recycling/), 2023-05-01: "LyondellBasell has entered into agreement to acquire the remaining stake in Quality Circular Polymers (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.