STOCK TITAN

LyondellBasell Collaborates on Innovative Paving Project Using Recycled Plastic

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
LyondellBasell (LYB) and PLASTICS announced the use of 520,000 plastic retail bags to pave 4,875 square yards of parking lot at the Louisiana Integrated PolyEthylene JV LLC. The project utilized 8,000 pounds of LyondellBasell CirculenRevive polymers, sourced from plastic waste. This initiative demonstrates the company's commitment to sustainability and innovative solutions in the plastics industry. The Plastic to Asphalt program continues to grow, showcasing the versatility of recycled polymers in diverse applications, such as construction and building projects.
Positive
  • LyondellBasell's commitment to sustainability and innovative solutions is evident in this project, demonstrating true leadership and commitment to ending plastic waste in the environment. The use of recycled polymers in paving projects at manufacturing facilities shows the company's dedication to sustainability and environmental responsibility.
Negative
  • None.

LAKE CHARLES, LA / ACCESSWIRE / November 15, 2023 / LyondellBasell along with the Plastics Industry Association (PLASTICS) announced the use of the equivalent of 520,000 plastic retail bags to pave 4,875 square yards of parking lot at the Louisiana Integrated PolyEthylene JV LLC. The project utilized 8,000 pounds of LyondellBasell CirculenRevive polymers, sourced from plastic waste utilizing advanced recycling process. The asphalt project is an example of LyondellBasell's commitment to end plastic waste in the environment that would otherwise end up in landfills or even the environment.

"LyondellBasell continues to advance sustainability and fosters innovative solutions that will transform the plastics industry," said Armando Lara, site manager of the Louisiana Integrated PolyEthylene JV Site. "Projects like this are exciting testaments to the capabilities we have to reuse products through recycling that would otherwise go to waste."

This is the second project LyondellBasell has completed with PLASTICS to reuse recycled polymers in paving projects at manufacturing facilities that we own and operate.

"With the completion of their second plastic to asphalt project, LyondellBasell is demonstrating true leadership and commitment to ending plastic waste in the environment. The Plastic to Asphalt program continues to grow as companies choose to substitute traditional paving methods, which utilize fossil fuels, for the use of recycled polymer technologies. The projects showcase the versatility of recycled polymers and their use in diverse applications, such as construction and building projects," said PLASTICS' Vice President of Sustainability, Patrick Krieger.

In June of 2020, PLASTICS announced the completion of research on a new formulation of asphalt binder using the "Dry Process." This formulation offers many of the same benefits of traditional polymer-modified asphalt, including improved strength properties, and increased lifespan, at a decreased cost.

LyondellBasell partnered with Circulus, the National Center for Asphalt Technology (NCAT) at Auburn University, Prairie Contractors, LLC, RC Paving, and Siema Construction to bring the project to life.

About LyondellBasell 
We are LyondellBasell - a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors, and society. As one of the world's largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. For more information, please visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.

View additional multimedia and more ESG storytelling from LyondellBasell on 3blmedia.com.

Contact Info:
Spokesperson: LyondellBasell
Website: https://www.3blmedia.com/profiles/lyondellbasell
Email: info@3blmedia.com

SOURCE: LyondellBasell



View source version on accesswire.com:
https://www.accesswire.com/803951/lyondellbasell-collaborates-on-innovative-paving-project-using-recycled-plastic

FAQ

What is the Plastic to Asphalt program?

The Plastic to Asphalt program is a sustainable initiative that utilizes recycled polymers, sourced from plastic waste, to pave surfaces like parking lots and roads, demonstrating the versatility of recycled polymers in construction and building projects.

How many plastic retail bags were used in the project?

The project used the equivalent of 520,000 plastic retail bags to pave 4,875 square yards of parking lot at the Louisiana Integrated PolyEthylene JV LLC.

What is the significance of the project in terms of sustainability?

The project demonstrates LyondellBasell's commitment to sustainability by reusing plastic waste through recycling, which would otherwise end up in landfills or the environment.

Who are the key partners involved in the project?

LyondellBasell partnered with Circulus, the National Center for Asphalt Technology (NCAT) at Auburn University, Prairie Contractors, LLC, RC Paving, and Siema Construction to bring the project to life.

LyondellBasell Industries N.V.

NYSE:LYB

LYB Rankings

LYB Latest News

LYB Stock Data

24.08B
258.41M
20.29%
73.15%
1.36%
Specialty Chemicals
Industrial Organic Chemicals
Link
United States of America
HOUSTON