A robust economic recovery outlook has unleashed a manufacturing boom so far this year, making the backdrop favorable for basic materials stocks. Prices of basic materials have been on the rise, backed by strong demand from industrial activities. Amid this environment, we think investors should bet on companies in the basic materials space that possess strong enough pricing power to combat any downturn caused by rising inflation. We believe under-the-radar basic materials stocks Tredegar Corp (TG), CRH Plc (CRH), LyondellBasell Industries (LYB), and Vedanta (VEDL) possess that characteristic and are worth adding to one’s portfolio now. Let’s take a closer look.
May 7, 2021
First delivery of pyrolysis oil for polymer production at the LyondellBasell site in Wesseling, Germany
LyondellBasell has taken another step towards its ambition to advance the circular economy by making virgin quality polymers from raw materials derived from plastics waste at its Wesseling, Germany, site.
Produced by the thermal conversion of plastics waste, this raw material is converted into ethylene and propylene in the LyondellBasell production facilities, and then processed into PP and PE in the downstream units for plastics production.
The first use of raw material derived from plastics waste follows the company’s successful production of plastics materials made from renewable-based raw materials such as used cooking oil, which helps to reduce carbon dioxide over the product life cycle and reduce the use of fossil-based raw materials.
LyondellBasell starts commercial production of polymers using raw material derived from plastic waste
WESSELING, Germany, May 6, 2021 /PRNewswire/ LyondellBasell (NYSE: LYB) today announced another step towards its ambition to advance the circular economy by making virgin quality polymers from raw materials derived from plastic waste at its Wesseling, Germany, site. Produced by the thermal conversion of plastic waste, this raw material is converted into ethylene and propylene in the LyondellBasell production facilities, and then processed into polypropylene (PP) and polyethylene (PE) in the downstream units for plastics production. The first use of raw material derived from plastic waste follows the company s successful production of plastic materials made from renewable-based raw materials such as used cooking oil, which helps to reduce CO2 over the product life cycle and reduce the use of fossil-based raw materials.
LyondellBasell starts commercial production of polymers using plastic-waste feedstock
By Mary Page Bailey |
May 6, 2021
LyondellBasell Industries N.V. (Rotterdam the Netherlands) announced another step towards its ambition to advance the circular economy by making virgin quality polymers from raw materials derived from plastic waste at its Wesseling, Germany, site. Produced by the thermal conversion of plastic waste, this raw material is converted into ethylene and propylene in the LyondellBasell production facilities, and then processed into polypropylene (PP) and polyethylene (PE) in the downstream units for plastics production. The first use of raw material derived from plastic waste follows the company’s successful production of plastic materials made from renewable-based raw materials such as used cooking oil, which helps to reduce CO