US petrochemical firm LyondellBasell has completed its acquisition of Italy-based recycled plastic compounds producer Mepol Group.
Mepol Group and its subsidiaries, Polar and ITI Poland, will join LyondellBasell's Advanced Polymer Solutions (APS) business unit. APS focuses on producing and marketing compounding solutions, including polypropylene and engineered plastics.
Following the acquisition, which was announced in March, LyondellBasell expects to produce and market at least 2mn metric tonnes/yr of recycled-based polymers by 2030.
Mepol Group is an Italian producer of thermoplastic compounds. Its subsidiaries Polar and ITI Poland operate in Italy and Poland, respectively.

