LyondellBasell (LYB) Recycling Project Chosen for EU Fund Grant

LyondellBasell Industries N.V. (LYB) has been selected to receive a €40 million grant from the European Union's ("EU") Innovation Fund. The money will help fund the company's plans to construct a fully electric, industrial-scale advanced recycling demonstration plant in Wesseling, Germany.The EU Innovation Fund's 'Third Call for Large Scale Projects' chose 41 projects, including LYB’s MoReTec facility. As part of its efforts to encourage decarbonization, the EU has committed EUR 3.6 billion to fund innovati ...