After winning a Gerard & Anton Award in 2017, Stiphout Industries has further developed as a specialist in recycling Dutch household waste. The company produced its processing lines and positioned itself as a sustainable, innovative recycling company. The company has a plant in Montfort, the Netherlands, with an annual processing capacity equal to the amount of plastic packaging waste from more than half a million Dutch people each year.
Stiphout‘s successful concept also caught the eye of the outside world, resulting in the company being acquired half by LyondellBasell last week. Amounts were not disclosed in the announcements.
- LyondellBasell has taken a 50% stake in Stiphout Industries.
- Both companies focus on a circular and low-carbon world, primarily through plastics recycling.
- Stiphout won a Gerard & Anton Award in 2017 with TUSTI.
“Investing in Stiphout is in line with our strategy focused on plastic waste recycling and processing companies that support our existing assets in the Netherlands and Germany,” said Yvonne van der Laan, LyondellBasell’s executive vice president for circular and low-carbon solutions. “This partnership allows us to leverage local synergies with our Quality Circular Polymers business around logistics and operations. It also opens up opportunities to further expand our portfolio and create new solutions for customers to support their circular and low-carbon goals.”
Stiphout and TUSTI
Founded in 2013, Stiphout has accumulated experience in processing household plastic waste into clean flakes of recycled polypropylene (PP) and high-density polyethylene (HDPE) material, positioning it as an innovative player in the Netherlands.
“Working with an experienced polymer producer offers further opportunities to improve the commercial and operational excellence of our business,” said Eline Stiphout, founder and CEO of the Stiphout Group. “We are delighted to partner with LyondellBasell, as we too are convinced that circularity is critical to ending plastic waste.”
The Gerard & Anton Award formally went to TUSTI in 2017, but that start-up born out of TU Eindhoven is closely associated with Stiphout Technologies. TUSTI is an ambitious high-tech recycling company founded in 2015 through the collaboration of Eindhoven University of Technology and Stiphout (Stiphout Industries, Stip Recycling, and Stiphout Plastics). These companies combine experience in plastics recycling and high-tech knowledge at the university level. TUSTI was founded by Jan Kolijn, a chemical engineer and entrepreneur Eline Stiphout.
LyondellBasell
LyondellBasell is a global chemical industry company that creates solutions to make everyday life more sustainable. “As one of the world’s largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture, and sell high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and high-quality healthcare.” LyondellBasell is listed on the New York Stock Exchange.
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