Genox and LyondellBasell formally Launched Plastic Recycling Joint Venture

On Apr. 18, Genox and LyondellBasell (NYSE:LYB) plastic recycling joint venture (JV) was formally launched in Zhaoqing, Guangdong Province, China, named as Genox and LyondellBasell New Materials Co., Ltd. The JV will recycle plastic waste through mechanical recycling methods and produce new polymers which will be added to the LyondellBasell CirculenRecover product portfolio.