ROTTERDAM, October 19, 2021 -- LyondellBasell (NYSE: LYB) today announced it is now manufacturing polypropylene (PP) and polyethylene (PE) on a commercial scale with measurable and certified C14 renewable content from renewable feedstock. LyondellBasell’s newest product offering is differential in that it uses feedstocks that are not in competition with the food chain. The renewable feedstock is supplied by Neste and is produced 100 percent from bio-based waste and residues, such as used cooking oils. The LyondellBasell product also offers a lower carbon footprint compared with fossil-based polymers, is made in Europe and will be marketed globally under the name CirculenRenew.
“Our CirculenRenew product offering, with measurable and certified C14 renewable content, is game-changing in the market, as it is based on content made of waste and residue materials. This solution addresses the growing market needs for renewably sourced materials with a lower carbon footprint,” says Richard Roudeix, LyondellBasell Senior Vice President of Olefins and Polyolefins for Europe, Middle East, Africa and India. “Our CirculenRenew with measurable and certified C14 renewable content products have the same properties as their fossil-based equivalents and can be used for the same end-use applications.”
The renewable content in this grade of CirculenRenew is measured by a third party to ensure that the carbon-14 content of the polymer is consistent with renewable feedstocks and stated as a parameter on the Certificate of Analysis (CoA). Furthermore, these new CirculenRenew grades are drop-in solutions and therefore don’t require any modification of existing processing equipment.
“Our cooperation with LyondellBasell is based on our shared commitment towards combating climate change and accelerating the shift to a circular economy,” says Mercedes Alonso, Executive Vice President, Renewable Polymers and Chemicals at Neste. “Providing LyondellBasell with renewable Neste RE feedstock for CirculenRenew, with measurable and certified C14 renewable content, is another example of this commitment. We are proud of contributing to climate-friendlier polymers with this collaboration.”
CirculenRenew, with measurable and certified C14 renewable content, is another cornerstone of LyondellBasell’s Circulen sustainable solutions product family which was launched earlier this year and includes:
CirculenRecover polymers are made from plastic waste through a mechanical recycling process;
CirculenRevive polymers are made using an advanced (molecular) recycling process to convert plastic waste into feedstock, which is used to produce new polymers, using a mass balance approach that have a wide range of uses; and
CirculenRenew polymers are made from renewable feedstocks such as used cooking oil, which have a wide range of uses.
LyondellBasell (NYSE: LYB) is one of the largest plastics, chemicals and refining companies in the world. Driven by its employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road, and ensuring the safe and effective functionality in electronics and appliances. LyondellBasell sells products into more than 100 countries and is the world's largest producer of polypropylene compounds and the largest licensor of polyolefin technologies. In 2021, LyondellBasell was named to FORTUNE Magazine's list of the "World's Most Admired Companies" for the fourth consecutive year. More information about LyondellBasell can be found at www.lyondellbasell.com.
Circulen is a trademark owned or used by the LyondellBasell family of companies.
Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. We refine waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. We are the world’s leading producer of renewable diesel and sustainable aviation fuel, developing chemical recycling to combat the plastic waste challenge. We aim at helping customers to reduce greenhouse gas emissions with our renewable and circular solutions by at least 20 million tons annually by 2030. As a technologically advanced refiner of high-quality oil products with a commitment to reach carbon-neutral production by 2035, we are also introducing renewable and recycled raw materials such as waste plastic as refinery raw materials. We have consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world’s most sustainable companies. In 2020, Neste's revenue stood at EUR 11.8 billion, with 94% of the company’s comparable operating profit coming from renewable products. Read more: neste.com
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