Our first commercial-scale chemical recycling facility using our MoReTec technology, MRT-1, will be located at our site in Wesseling, Germany, and is expected to have an annual capacity of 50,000 metric tons per year. It is designed to recycle the amount of plastic packaging waste generated by over 1.2 million German citizens per year into valuable raw materials to make new products.
If we continue the open and trustful dialogue between industry, politics and society, the continent could develop a strategically unique position to become the leader in a sustainable, circular economy with LYB steering the way.”
LYB has been selected to receive a €40 million grant from the European Union (EU) Innovation Fund to support our MoReTec–1 plant in Wesseling, Germany. This plant is one of the 41 projects selected in the EU Innovation Fund ‘Third Call for Large Scale Projects.’ The EU is committing EUR 3.6 billion as part of its efforts to fund innovative clean-tech projects to support decarbonization. We are honored that our advanced recycling technology has been recognized by the EU for its promise to address plastic waste and contribute to a circular economy.
Contact us to learn how our technology can help your business.