LyondellBasell Acquires Producer of Recycled Compounds
LyondellBasell completed the acquisition of the Mepol Group of Italy and Poland
Netherlands-based LyondellBasell announced the completion of its acquisition of the Mepol Group, a manufacturer of recycled technical compounds located in Italy and Poland. The Mepol Group and its subsidiaries will become part of the Advanced Polymer Solutions business unit of LyondellBasell.
Acquisition will bolster LyondellBasell’s presence in recycled compounds.
Photo Credit: LyondellBasell
The Advanced Polymer Solutions segment produces and markets compounding solutions, such as polypropylene compounds, engineered plastics, masterbatches, engineered composites, colors and powders.
LyondellBasell says the acquisition is part of its positioning to address the rapidly growing demand for circular and renewable solutions through its integrated value chain approach. The company has committed to produce and market at least 2 million metric tons of polymers from recycled or renewable-based sources annually by 2030.
"With Mepol's deep expertise in recycled compounds and LyondellBasell's strategy and scale, we see significant opportunities to accelerate the growth of our APS business by leveraging macro trends in circularity and creating solutions for everyday sustainable living," says Torkel Rhenman, executive vice president of Advanced Polymer Solutions at LyondellBasell.
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