LyondellBasell’s MoReTec plant selected for €40m grant

LyondellBasell is to receive a €40 million ($43.6m) grant from the European Union (EU) Innovation Fund, in order to support the advanced recycling demonstration plant the company plans to build at its Wesseling, Germany site. The company’s MoReTec plant is one of the 41 projects selected in the EU Innovation Fund ‘Third Call for Large Scale.