Cyclyx International, ExxonMobil and LyondellBasell announced they have signed an agreement to advance development of a plastic waste sorting and processing facility in the Houston area. The new facility addresses a critical missing link in the plastic waste supply chain by connecting community recycling programs to new and more advanced recycling technologies that have the potential to take a much wider variety of plastic materials.
The Cyclyx Circularity Center will be unique among plastic recovery facilities, producing feedstock for both mechanical and advanced recycling. The center will leverage new technologies to analyze plastics based on their composition and sort them according to customer specifications for their highest and best reuse.
The circularity center will be located in the Greater Houston area, with commercial start-up expected in 2024. The facility will be designed to produce 150,000 metric tons or 330 million pounds of plastic feedstock per year, supplying ExxonMobil and LyondellBasell advanced recycling projects as well as mechanical recycling markets. Total investment for the first circularity center is estimated to be $100 million, contingent upon a final investment decision in early 2023.
Read more at https://www.lyondellbasell.com/en/news-events/corporate–financial-news/cyclyx-exxonmobil-and-lyondellbasell-advance-first-of-its-kind-plastic-processing-facility-in-houston/