Rotterdam - February 3nd, 2022 - LyondellBasell (NYSE: LYB) has developed polymers based on advanced recycled post-consumer materials. These polymers, branded under the name CirculenRevive, are made using an advanced recycling process to convert plastic waste into feedstock, which is used to produce new polymers, using a mass balance approach.
With the support of Greiner Packaging, these polymers will be used to make coffee capsules for Nestlé's Nescafé® Dolce Gusto®. This collaboration aims to help advance a circular economy for plastic.

These polymers meet the strict requirements of the food industry. Both, LyondellBasell and Greiner Packaging sites involved are ISCC PLUS certified. This well-known global certification provides traceability along the supply chain. With the mass balance method, the company tracks how much advanced recycled material goes into the production process of its CirculenRevive products and can attribute the recycled content to the final polymer via a Sustainability Declaration.

"We are extremely pleased that we can support our customer Greiner Packaging and ultimately Nestlé with a circular economy solution from our recently launched Circulen product family," says Richard Roudeix, LyondellBasell Senior Vice President of Olefins and Polyolefins for Europe, Middle East, Africa and India. "CirculenRevive polymers help to address at scale the challenge of hard-to-recycle plastics. The advanced recycling technology can utilize used mixed plastic, which allows for larger volumes of plastic waste to return back into the value chain that would otherwise be destined for energy recovery or landfill. At the same time, these polymers have the same characteristics and high quality as fossil-based materials. Ultimately, LyondellBasell aims to produce and market two million metric tons of recycled and renewable-based polymers annually by 2030."

"We are very happy to realize this forward-looking project. It is our goal to use as much recycled material for our packaging as possible and we believe that we need to explore every opportunity to reach this goal and make our packaging more sustainable. Therefore, we are very pleased to be part of this project which also demonstrates the importance of the whole value chain working closely together. With cooperations like this we are confident that, in the near future, we will succeed in realizing a circular economy, together as an industry," says Manfred Stanek, CEO of Greiner Packaging.

About LyondellBasell

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 and reducing food waste 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.

About Greiner Packaging

Greiner Packaging is a leading European manufacturer of plastic packaging in the food and nonfood sectors. The company has enjoyed a reputation for outstanding solutions expertise in the fields of development, design, production, and decoration for more than 60 years. Greiner Packaging responds to the challenges of the market with two business units: Packaging and Assistec. While the Packaging unit focuses on innovative packaging solutions, the Assistec unit is dedicated to producing custom-made technical parts. Greiner Packaging employs a workforce of nearly 4,900 at more than 30 locations in 19 countries around the world. In 2020, the company generated annual sales revenues of EUR 692 million (including joint ventures), which represents approximately 35 percent of Greiner's total sales.
More information about Greiner Packaging can be found at www.greiner-gpi.com

Media Contact

Jasmin Bisch
LyondellBasell, Marketing Communications Manager
E-Mail: jasmin.bisch@lyb.com
Phone: +32 471 841 438

Roland Kaiblinger I Account Executive (Greiner Packaging)
SPS MARKETING GmbH | B 2 Businessclass | Linz, Stuttgart
Jaxstraße 2 - 4, A-4020 Linz, Austria
E-Mail: r.kaiblinger@sps-marketing.com
www.sps-marketing.com

Before using a product sold by a company of the LyondellBasell family of companies ("LyondellBasell"), users should make their own independent determination that the product is suitable for the intended use and can be used safely and legally. LyondellBasell MAKES NO WARRANTY, EXPRESS OR IMPLIED (INCLUDING ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE) OTHER THAN AS AGREED TO BY LyondellBasell IN THE PRODUCT SALE CONTRACT.
LyondellBasell prohibits or restricts the use of its products in certain applications. For further information on restrictions or prohibitions of use, please contact a LyondellBasell representative.
Users should review the applicable Safety Data Sheet before handling the product.

Circulen is a trademark owned or used by the LyondellBasell family of companies.

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LyondellBasell Industries NV published this content on 03 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 February 2022 08:48:02 UTC.