LyondellBasell, 23 Oaks Investments Form JV To Build Plastic Waste Sorting And Recycling Facility

RTTNews | vor 943 Tagen
Stocktwits
LyondellBasell, 23 Oaks Investments Form JV To Build Plastic Waste Sorting And Recycling Facility

(RTTNews) - LyondellBasell Industries N.V. (LYB) and Germany's 23 Oaks Investments on Tuesday signed an agreement to create Source One Plastics, a joint venture that will build an energy efficient, advanced plastic waste sorting and recycling facility in Germany.

Using renewable energy from wind and biomass, the new unit is designed to process the amount of plastic packaging waste generated by approximately 1.3 million German citizens per year.

The Source One Plastics facility will produce processed waste that will provide a material part of the feedstock for an advanced recycling plant that LyondellBasell plans to build at its Wesseling, Germany, site.

Using LyondellBasell's proprietary MoReTec technology, this plant will be the first commercial scale, single-train advanced recycling plant, designed to demonstrate its capability for further scalability.

Once in operation, it will enable recycling of most types of plastic materials such as multi-layered food packaging items or mixed plastic containers. Both projects contribute to LyondellBasell's sustainability ambition to end plastic waste in the environment.

Tags: LYB
Stocktwits
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U.S. Dollar Declines On Trade Deal Optimism

U.S. Dollar Declines On Trade Deal Optimism

The U.S. dollar weakened against its major counterparts in the New York session on Friday as investors looked ahead to discussions between the U.S. and China scheduled for this weekend.
RTTNews | vor 1 Tagen
Swiss Market Ends On Positive Note

Swiss Market Ends On Positive Note

The Swiss market closed higher on Friday as easing concerns about trade tensions following the announcement of a trade deal between the U.S. and U.K., and upcoming talks between U.S. and China helped keep the mood positive.
RTTNews | vor 1 Tagen
TSX Modestly Higher On Positive Jobs Data, Earnings Updates

TSX Modestly Higher On Positive Jobs Data, Earnings Updates

The Canadian market is modestly higher around noon on Friday, riding on gains in communications, energy and materials sectors. Optimism about the U.S. and China agreeing on a trade deal this weekend, close on the heels of U.S. President Donald Trump unveiling the framework of a trade agreemen
RTTNews | vor 1 Tagen
Bay Street Headed For Positive Start

Bay Street Headed For Positive Start

Firm commodity prices and steady global stocks amid optimism about trade deals point to a positive start for the Canadian market on Friday. Canadian jobs data for the month of April, and corporate earnings updates are also set to make an impact.
RTTNews | vor 1 Tagen
FTSE Up Nearly 0.5% On Easing Tariff Concerns

FTSE Up Nearly 0.5% On Easing Tariff Concerns

U.K. stocks are up on Friday, supported by some strong earnings updates, and continued optimism about trade deals. U.S. President Donald Trump said on Thursday that the meetings with China on trade and economic issues could be "very substantive" and lead to tariff reductions.
RTTNews | vor 1 Tagen
CAC 40 Up 0.75% On Easing Trade Tensions

CAC 40 Up 0.75% On Easing Trade Tensions

French stocks are exhibiting strength on Friday, buoyed by news about the U.S. and U.K. agreeing on a trade deal, and the upcoming U.S. - China trade talks this weekend.
RTTNews | vor 1 Tagen
Sensex, Nifty Extend Losses As Operation Sindoor Continues

Sensex, Nifty Extend Losses As Operation Sindoor Continues

Indian shares fell sharply on Friday to extend losses from the previous session after the Indian Army said it had countered the Pakistani attack on Indian cities late last night, fueling concerns of further escalation between the two nuclear-armed nations.
RTTNews | vor 1 Tagen
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