About the MoReTec-1 Project
In 2023, we made the final investment decision to build MoReTec–1, a first-of-its-kind commercial-scale advanced recycling plant that will use our proprietary MoReTec technology to convert post-consumer plastic waste into feedstock for the production of new polymers. The new plant will be located at our site in Wesseling, Germany, and is expected to have an annual capacity of 50,000 metric tons per year. It is designed to recycle the amount of plastic packaging waste generated by over 1.2 million German citizens per year.
Source One Plastics, a joint venture of LYB and 23 Oaks Investments formed in October 2022, will supply the majority of the processed plastic waste feedstock for MoReTec–1 from its new sorting and recycling facility in Eicklingen, Germany. The Source One plant, which started up in February 2024, processes difficult-to-recycle post-consumer plastic waste, such as mixed plastic packaging and flexible polyolefins materials that would otherwise be sent mostly to incineration. It uses an innovative dry processing method to reduce energy consumption by up to 30% compared to conventional technologies. The system is designed to minimize the occurrence of fine plastic dust and its release into the environment. The plant will be powered by locally generated renewable energy.
The advanced recycled feedstock produced by the MoReTec facility will be used for the production of polymers sold by LYB under the CirculenRevive brand for use in a wide range of applications, including medical and food packaging.
Construction of MoReTec–1 is expected to be completed by the end of 2025.
LYB has been selected to receive a €40 million grant from the European Union (EU) Innovation Fund to support our MoReTec–1 plant in Wesseling, Germany. This plant is one of the 41 projects selected in the EU Innovation Fund ‘Third Call for Large Scale Projects.’ The EU is committing EUR 3.6 billion as part of its efforts to fund innovative clean-tech projects to support decarbonization. We are honored that our advanced recycling technology has been recognized by the EU for its promise to address plastic waste and contribute to a circular economy