LyondellBasell Invests in De Paauw Sustainable Resources
18.10.2023 - LyondellBasell acquired its 50% share from De Paauw Sustainable Resources (DPSR) CEO Roy de Paauw and ING Corporate Investments. DPSR is a plastics waste recycling company based out of the Netherlands.
The Dutch plastic recycling firm engages in the procurement, processing, and trade of post-consumer and post-industrial plastic packaging waste. DPSR runs manufacturing plants situated in Hengelo and Enschede, the Netherlands, with an annual processing capability that matches the quantity of plastic packaging waste produced by more than 1.7 million Dutch residents annually.
“Investing in DPSR aligns with our strategy to increase our access to plastic waste feedstock, which supports our integrated hub strategy that allows us to build scale and expand our production and offering of CirculenRecover products,” says Yvonne van der Laan, LyondellBasell executive vice president, Circular and Low Carbon Solutions. “Demand for recycled plastics continues to grow as consumers and brand owners ask for sustainable materials. Through this collaboration, we can further expand our CirculenRecover portfolio of mechanically recycled polymers, creating solutions for our customers”.
DPSR was founded in 1956 and has over time built up an extensive network of plastic waste sources, processing waste into recycled polypropylene (PP) and low-density polyethylene (LDPE) materials. It maintains its independence and commitment as a reliable plastic recycling partner. The LyondellBasell partnership enhances its capabilities, offering more options for plastic waste recycling and expanding production to meet growing demand.
“With a great team of driven employees, we have steadily built our business over the years by responsibly and carefully finding new use for used plastics," says Roy de Paauw, CEO of DPSR. "I greatly appreciate the cooperation we had with ING CI. I am proud that LyondellBasell is participating in our company and that we are now joining forces to recycle even more plastic waste into high-quality raw material."
De Paauw Sustainable Resources (DPSR)
7532 RB Enschede
+31 (0)88 33 722 00