Lyondell Basell Acquires Recycled Technical Compound Manufacturer Mepol Group

Circular Economy Lyondell Basell Acquires Recycled Technical Compound Manufacturer Mepol Group

2023-07-10 Source: Press release Lyondell Basell 1 min Reading Time

Lyondell Basell has successfully completed the acquisition of Mepol Group. Under the terms of the contract, Mepol and its subsidiaries Polar and Industrial Technology Investments Poland, will be subsidiaries in Lyondell Basell's Advanced Polymer Solutions business unit.

Rotterdam/The Netherlands – Lyondell Basell has completed the acquisition of Mepol Group, a manufacturer of recycled, high-performing technical compounds located in Italy and Poland. Mepol and its subsidiaries Polar and Industrial Technology Investments Poland, will be subsidiaries in Lyondell Basell's Advanced Polymer Solutions (APS) business unit.

Lyondell Basell's APS segment produces and markets compounding solutions, such as polypropylene compounds, engineered plastics, masterbatches, engineered composites, colors and powders and is a global leader in compounding solutions.

"The acquisition is forward-thinking and aligned with our commitment to a circular economy," said Torkel Rhenman, executive vice president Advanced Polymer Solutions of Lyondell Basell. "With Mepol's deep expertise in recycled compounds and Lyondell Basell'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."

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Lyondell Basell is building a leadership position to address the rapidly growing demand for circular and renewable solutions with innovative products and technologies through its integrated value chain approach. The company is committed to produce and market at least 2 million metric tons of polymers from recycled or renewable-based sources annually by 2030, to meet its customers' needs.

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