LyondellBasell announced today that it has made the decision to move forward with engineering to build an advanced recycling facility at its Wesseling, Germany facility. Using LyondellBasell's proprietary MoReTec technology , this commercial-scale advanced recycling plant will convert previously treated plastic waste into feedstock for the production of new plastics. The final investment decision is scheduled for the end of 2023.The German joint venture, Source One Plastics, previously announced that it will supply raw materials from plastic waste to the plant. Source One Plastics plans to build a plant designed to recycle the amount of plastic packaging waste generated by approximately 1.3 million German citizens a year. This plastic waste will consist of materials such as multi-layered food packaging items or mixed plastic containers that are not normally recycled today.

“We are actively working to promote the circular economy. Improving our MoReTec technology represents another step LyondellBasell is taking to accelerate the development and deployment of scalable circular and sustainable technology,” said Yvonne van der Laan ., Executive Vice President of Low Carbon and Circular Solutions at LyondellBasell. “This high-performance, differential technology will allow us to convert plastic waste into pyrolysis oil and pyrolysis gas for use in our houses as feedstock, leading to the production of new plastic materials. Solid waste from the process can be reused or put to another use, making this technology an energy-efficient, zero-waste process for recycling plastic waste.”

The start-up of the MoReTec advanced recycling plant is scheduled for the end of 2025 with a capacity of 50,000 tons per year. The raw material produced will be converted into new Circulen Revive polymers at LyondellBasell's Wesseling plant, for use in applications such as food and healthcare packaging.

MoReTec : A history of innovation

In 2018, LyondellBasell started conducting basic research in the chemical recycling of plastic waste together with the Karlsruhe Institute of Technology (KIT) in Germany, demonstrating the efficiency of MoReTec technology on a laboratory scale. In October 2019, the company announced the construction of a chemical recycling pilot plant at its headquarters in Ferrara, Italy, which began operating in August 2020. With the operation of the pilot plant, the research work improved efficiency of the recycling process, identified a commercial catalyst and advanced in the characterization of the flow of residual raw materials. MoReTec plant capacityit was further expanded to convert the pilot plant to a small-scale industrial plant in 2021.

Today, MoReTec technology makes it possible to recycle most types of plastic materials, such as multi-layered food packaging items or mixed plastic packaging. Polyolefin-based plastic waste is broken down in a proprietary reactor unit, resulting in a high-quality raw material usable for the production of new plastic materials in LyondellBasell's polymer plants.

About Lyondell Basell

As a leader in the global chemical industry, LyondellBasell strives every day to be the safest, best run and most valued company in the industry. The company's products, materials and technologies are advancing sustainable solutions for food security, access to clean water, healthcare and energy efficiency in more than 100 international markets. LyondellBasell places a high priority on diversity, equity and inclusion, and applies its Advancing Good program(Moving Well) with an emphasis on the planet, the communities where they operate, and their future workforce. The company prides itself on its world-class technology and customer focus. LyondellBasell has strengthened its circularity and climate ambitions and actions to address the global challenges of plastic waste and decarbonisation. In 2022, LyondellBasell was named by FORTUNE magazine as one of the "World's Most Admired Companies" for the fifth consecutive year. For more information, visit www.lyondellbasell.com  or follow @LyondellBasell  on LinkedIn.

Forward Looking Statements
Statements in this publication relating to matters that are not historical facts are forward-looking statements. These forward-looking statements are based on assumptions by LyondellBasell's management believed to be reasonable at the time made, and are subject to significant risks and uncertainties. Actual results could differ materially based on factors including, but not limited to: the final investment decision related to the proposed facilities; our ability to complete the described deal or the timeframe for such deal; the successful construction and operation of the facilities described in this publication; our ability to obtain all necessary regulatory approvals; our ability to deliver on our sustainability purpose, including the ability to increase production of recycled and renewable-based polymers to meet our targets and forecasts; and the general economic conditions of the geographic regions or markets served by LyondellBasell and its affiliates, or where the operations of the company and its affiliates are located. While these statements and projections are made in good faith, LyondellBasell and its management cannot guarantee that expected results will be achieved in the future. Other factors that could cause results to differ materially from those described in the forward-looking statements can be found in the "Risk Factors" section of our Form 10-K for the year ended December 31, 2021, which can be found at and the general economic conditions of the geographic regions or markets served by LyondellBasell and its affiliates, or where the operations of the company and its affiliates are located. While these statements and projections are made in good faith, LyondellBasell and its management cannot guarantee that expected results will be achieved in the future. Other factors that could cause results to differ materially from those described in the forward-looking statements can be found in the "Risk Factors" section of our Form 10-K for the year ended December 31, 2021, which can be found at and the general economic conditions of the geographic regions or markets served by LyondellBasell and its affiliates, or where the operations of the company and its affiliates are located. While these statements and projections are made in good faith, LyondellBasell and its management cannot guarantee that expected results will be achieved in the future. Other factors that could cause results to differ materially from those described in the forward-looking statements can be found in the "Risk Factors" section of our Form 10-K for the year ended December 31, 2021, which can be found at While these statements and projections are made in good faith, LyondellBasell and its management cannot guarantee that expected results will be achieved in the future. Other factors that could cause results to differ materially from those described in the forward-looking statements can be found in the "Risk Factors" section of our Form 10-K for the year ended December 31, 2021, which can be found at While these statements and projections are made in good faith, LyondellBasell and its management cannot guarantee that expected results will be achieved in the future. Other factors that could cause results to differ materially from those described in the forward-looking statements can be found in the "Risk Factors" section of our Form 10-K for the year ended December 31, 2021, which can be found at www.LyondellBasell.com ; on the Investor Relations page and on the Securities and Exchange Commission website at  www.sec.gov . There is no guarantee that any of the actions, events or results in the forward-looking statements will occur, or if any of them do, what impact they will have on our results of operations or financial condition. Forward-looking statements speak only as of the date made and are based on the estimates and opinions of LyondellBasell management at the time made. LyondellBasell does not undertake any obligation to update forward-looking statements if circumstances or management's estimates or opinions change, except as required by law.

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