LyondellBasell and Neste announce commercial-scale production of bio-based plastic from renewable materials
This collaboration marks the first time bio-based polypropylene and bio-based low-density polyethylene were produced simultaneously at commercial scale.
ROTTERDAM, Netherlands, June 18, 2019 /PRNewswire/ — LyondellBasell (NYSE: LYB), one of the largest plastics, chemicals and refining companies in the world, and Neste (NESTE, Nasdaq Helsinki), the world’s largest producer of renewable diesel from waste and residues, today jointly announce the first parallel production of bio-based polypropylene and bio-based low-density polyethylene at a commercial scale.
The joint project used Neste’s renewable hydrocarbons derived from sustainable bio-based raw materials, such as waste and residue oils. The project successfully produced several thousand tonnes of bio-based plastics which are approved for the production of food packaging and being marketed under Circulen and Circulen Plus, the new family of LyondellBasell circular economy product brands.