LYB acquires minority stake in Source One

December 04, 2023

Rotterdam, Netherlands, December 4, 2023-  LyondellBasell (LYB) today announced it has acquired a minority share in Source One GmbH, Leiferde, Germany, a plastic waste sourcing and engineering company, specialized in developing technical solutions for hard-to-recycle post-consumer plastic waste. Both LYB and Landbell will be shareholders in Source One. Landbell is a global service provider who operates a comprehensive network of Extended Producer Responsibility (EPR) and take-back organizations worldwide.

This strategic investment provides LYB access to Source One's engineering and plastic waste sourcing services. It also establishes a relationship with Landbell to provide plastic packaging waste volumes for LYB’s advanced recycling operations. Processing plastic waste volumes from EPR Service Providers such as Landbell reinforces the commitment by LYB to support brand owners to close the loop for plastic packaging.

"We are committed to support the growing demand of our customers for circular solutions," says Yvonne van der Laan, LyondellBasell Executive Vice President, Circular and Low Carbon Solutions. “With the investment in Source One we are taking another important step to secure access to plastic waste for our recycling activities and to strengthen our Circulen product portfolio of material made from recyclable or renewable resources.”

50% of the shares in Source One will be held by 23 Oaks Investments, Leiferde, Germany, which together with LYB has formed the joint venture Source One Plastics in 2022. Source One Plastics currently builds an energy efficient, advanced plastic waste sorting and recycling facility in Germany.

“Thanks to our relationship with LYB and Landbell, we are able to optimally position Source One and successfully implement our growth strategy,” says Kai Hoyer, Owner 23 Oaks Investments. “We are proud and grateful to be pursuing this path together with our partners and to be driving the circular economy forward from this strong alliance. Together, we are developing sustainable and technically innovative solutions for the future of the plastics processing industry.”

“We are very pleased to welcome LYB as a global partner to Source One,” says Uwe Echteler, COO of Landbell. “The expertise in the production and processing of plastics and the resulting opportunities to close loops will further accelerate the innovative strength of Source One and the Landbell Group.”


LYB Source One

Image (left to right): Uwe Echteler (Landbell), Kai Hoyer (23 Oaks Investment), Matthijs Beijk, Carl Schirmeister (both LYB)


About LyondellBasell
We are LyondellBasell (NYSE: LYB) – a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors and society. As one of the world’s largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. For more information, please visit or follow @LyondellBasell on LinkedIn.

Andreas Anker, Director, Circularity Strategy & Integration
Tel. : +49 2236 72 1595

About Source One
Source One is an operational consulting company in environmental, resource and sustainability issues. With a holistic approach, innovative technologies, and measurable results, Source One closes material cycles - with maximum ecological and economic efficiency. Source One thus acts as a global interface between the players along the entire value chain of the circular economy. Since 2019, Source One has been successfully implementing circular economy solutions, waste management and recycling projects for brand manufacturers, producers, retailers, municipalities, governments, and consumers in more than 20 countries. Find out more at

About 23 Oaks Investments
23 Oaks Investments GmbH is a holding company that aims to create the global infrastructure for a closed-loop circular economy through financial and operational investments in sustainable companies in the plastics industry. It invests in resource-saving product development and in the design and construction of innovative collection, sorting, and recycling systems. 23 Oaks combines environmental and economic gains in the Circular Economy, providing solutions for the environmentally and climate responsible use of plastics. 23 Oaks was founded in June 2019 by Kai Hoyer in Leiferde/Lower Saxony, Germany.

23 Oaks Investment GmbH, Sonja Jüde, Corporate Communications
 Tel.:  +49 531 21 49 27 37

About Landbell Group
Landbell Group is a leading provider of environmental and chemical compliance solutions with local expertise and global presence. Established as a packaging compliance scheme in Germany in 1995, Landbell Group has since evolved into a platform for extended producer responsibility (EPR) worldwide. Landbell Group’s comprehensive core services – compliance, consulting and software – help companies to meet all their EPR obligations worldwide: its producer responsibility organisations for compliance have collected more than 10 million tonnes of waste batteries, electronics and packaging; its consulting companies provide global consultancy for EPR and takeback; and its software business develops digital tools for environmental and chemical compliance. The circular economy is crucial in reducing greenhouse gas emissions – and EPR is one of the key elements for building a circular economy. Landbell Group is delivering EPR services worldwide to create a more sustainable future. For more information, please visit

Dr. Raffaela David
Head of Marketing & PR
Tel.: +49 152 56 405 723