LyondellBasell completed the acquisition of a 25% stake in Cyclyx from Agilyx and ExxonMobil.

LyondellBasell, a chemical company, completed the acquisition of a 25% stake in Cyclyx, a post-use plastic innovation company, from Agilyx, a plastic recycling technology company, and ExxonMobil, an oil and gas company. Financial terms were not disclosed. "Investing in plastic waste value chain experts such as Cyclyx, together with Agilyx and ExxonMobil, helps create the robust supply chains we all need to increase access to circular and renewable feedstocks. This collaboration unlocks the necessary scale of recycled material and infrastructure for our planned integrated Circular and Low Carbon Solutions Hub in the Houston area and aligns with our purpose of creating solutions for everyday sustainable living," Yvonne van der Laan, LyondellBasell Executive Vice President, Circular and Low Carbon Solutions.