LyondellBasell and Nexus Circular have signed a long-term contract to supply 24,000 tpy of recycled feedstock.
The material will be produced at Nexus Circular's new advanced recycling facility, which will begin construction this year.
The new facility will convert mixed plastic waste, which mostly ends up in landfills or incineration, into recycled feedstock.
LyondellBasell will use the recycled feedstock at its Channelview, Texas, US, facility to produce new plastics.
"Customers and brand owners need sustainable solutions to meet their 2030 recycling commitments, and this contract is a concrete step toward advancing partnerships across the value chain," said Yvonne van der Laan, LyondellBasell executive vice-president, circular and low carbon solutions.
"This agreement is aligned with our circularity ambitions, advancing us closer to our 2030 goal."
Nexus Circular is a commercial leader in advanced recycling with a proven proprietary technology and a leading process design that converts landfill-bound films and other hard-to-recycle plastics into high-quality liquids which are then used to produce virgin-quality plastics.
Since 2018, Nexus has been consistently supplying commercial volumes of ISCC Plus certified circular liquid products, having diverted over 8 million pounds of used plastics from landfill.
Clint Thompson, chief commercial officer at Nexus, stated: "We are pleased to collaborate with LyondellBasell to leverage our proven commercial solution that unlocks the full value of plastics and accelerates the transition to a circular economy."
LyondellBasell and Nexeus Circular sign recycled feedstock deal
