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Facilities in Poland and Italy produce recycled and polymer compounds for various markets.
ROTTERDAM, Netherlands and Ferrara, Italy, March 13, 2023 /PRNewswire/ — LyondellBasell (NYSE:LYB) and Mepol Group today announced that LyondellBasell will acquire Mepol Group, a manufacturer of recycled high-performance products. announced that it has entered into a definitive agreement to Technical compound in Italy and Poland, comprising Mepol Srl and its subsidiaries Polar Srl and Industrial Technology Investments Polish Sp.zoo
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Torkel Rhenman, executive vice president of Advanced Polymer Solutions, said: “With Mepol Group’s expertise in sustainable compounds and LyondellBasell’s scale, we are CirculenRecovery and other sustainable solutions for our customers. “
Mirco Melato, CEO of Mepol, commented: what the customer wants. “
LyondellBasell continues to pioneer circular and low-carbon solutions for its customers. The company began engineering work on a new advanced recycling plant at its Wesseling site in Germany last November. LyondellBasell has existing mechanical recycling facilities in the Netherlands and Belgium and is developing new plastic waste sorting and recycling plants in Houston, Germany, China and India, announced in the fourth quarter of 2022. increase.
Closing of the transaction is subject to regulatory approvals and other customary closing conditions. During this period, Mepol Group will continue to operate independently. Jones Day and Wardynski & Partners acted as his legal advisors to LyondellBasell on this transaction. Special Affairs Srl is acting as financial advisor to Mepol Group and Gitti & Partners is acting as legal advisor.
About LyondellBasell
As a leader in the global chemical industry, LyondellBasell strives every day to be the safest, best-run and most valuable company in the industry. The company’s products, materials and technologies drive sustainable solutions for food safety, clean water access, healthcare and fuel efficiency in more than 100 international markets. LyondellBasell places high priority on diversity, equity and inclusion and is Advancing Good focused on our planet, the communities in which we operate and the workforce of the future. The company takes great pride in its world-class technology and customer focus. LyondellBasell is stepping up its circularity and climate ambition and action to meet the global challenge of reducing plastic waste and greenhouse gas emissions. For more information, visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.
About Mepol Group
With 30 years of experience, Mepol integrates sustainability across its industrial strategy in planning and managing plastic recycling activities and producing thermoplastic compounds formulated using recovered materials. Corporate social responsibility has always been a strategic asset for Mepol, and continuous research and development activities have focused on eco-friendly products for a variety of applications, from furniture to automobiles to the electrical and electronic sector. rice field.
The group’s mission is not limited to accompanying customers in their transition to recycled products, but to providing waste management and packaging recovery services that support regulatory requirements and extended producer responsibility. reach out.
For the second year in a row, Mepol was recognized as one of the top 100 Italian companies with outstanding ESG scores and won the Sustainability Awards promoted by KON, Credit Suisse and Forbes.
Cautionary Note Regarding LyondellBasell Forward-Looking Statements
Statements in this release regarding matters that are not historical facts are forward-looking statements. These forward-looking statements are based on management’s assumptions that were believed to be reasonable at the time they were made and are subject to significant risks and uncertainties. Actual results may differ materially from the forecasts, anticipated results or other expectations expressed in this release, including without limitation obtaining necessary regulatory approvals. our ability to successfully integrate and operate the acquired businesses described in this release; The prevailing economic conditions in the geographic regions or markets served by LyondellBasell and its affiliates or where the Company and its affiliates have offices. Although these statements and forecasts are made in good faith, LyondellBasell and its management cannot guarantee that expected future results will be achieved. Other factors that could cause results to differ materially from those set forth in the forward-looking statements are described in the “Risk Factors” section of Form 10-K for the year ended December 31, 2021. increase. his LyondellBasell.com investor information page and his website for the U.S. Securities and Exchange Commission (www.sec.gov).
Source LyondellBasell Industries
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