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Announced

Completed

LYB completed the investment in Source One.

Financials

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Transaction Value-
Consideration TypeCash
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Capital Bid For-
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EV/EBITDA-
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Germany

plastic waste sourcing

Environmental / Waste Management

Acquisition

Cross Border

Minority

Private

Completed

Friendly

Single Bidder

Synopsis

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LyondellBasell, a multinational chemical company, completed the investment in Source One, a plastic waste sourcing and engineering company. Financial terms were not disclosed. "We are committed to support the growing demand of our customers for circular solutions. With the investment in Source One we are taking another important step to secure access to plastic waste for our recycling activities and to strengthen our Circulen product portfolio of material made from recyclable or renewable resources," Yvonne van der Laan, LyondellBasell Executive Vice President, Circular and Low Carbon Solutions.

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