-- Companies expand their Quality Circular Polymers Joint Venture 
LyondellBasell (NYSE: LYB) one of the world's largest plastics, chemicals and 
refining companies and SUEZ (EPA: SEV), a world leader in environmental 
services, today jointly announced the acquisition of TIVACO, a plastics 
recycling company located in Blandain, Belgium. The company will become part of 
Quality Circular Polymers (QCP), the companies' existing 50/50 plastics 
recycling joint venture. With this transaction, QCP will increase its 
production capacity for recycled materials to approximately 55,000 tonnes per 
year.

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"This latest investment in QCP supports LyondellBasell's ambition to produce 
and market 2 million tons per year of recycled and renewable source-based 
polymers by 2030. Extending the plastics lifecycle through recovery, recycling 
and reuse not only eliminates waste but also produces a product with a lower 
CO2 footprint," said Richard Roudeix, Senior Vice President Olefins & 
Polyolefins, Europe, LyondellBasell. "This innovative approach is key to 
unlocking additional value from existing plastics while addressing brand 
owners' needs for sustainable products."

"We are thrilled to take a step forward with our long-term partner 
LyondellBasell. With the new acquisition, we will together speed up the use of 
quality circular polymers in Europe and support industrial manufacturers' 
efforts to reach their environmental targets," commented Jean-Marc Boursier, 
SUEZ Group COO. "It also confirms SUEZ's ambition to become the world leader in 
environmental services by 2030."

The TIVACO facility operates five production lines capable of processing 
approximately 22,000 tonnes of recycled plastic per year. This acquisition 
builds on the companies' 2018 acquisition of QCP, a plastics recycling company 
in Geleen, the Netherlands which is capable of processing approximately 35,000 
tonnes of material per year. Today, recycled materials from QCP can be found in 
consumer products including Samsonite's S'Cure ECO luggage collection.

QCP is committed to ending plastic waste in the environment. The joint venture 
leverages the two partners' respective strengths. SUEZ will utilize its 
leading-edge technology solutions in sorting and recycling to improve the 
preparation of materials to be recovered at QCP. LyondellBasell will apply its 
long-standing leadership in innovative plastic production technology, vast 
experience in product development and deep knowledge of important end markets 
such as consumer goods, where the company has a strong presence.

Both SUEZ and LyondellBasell are members of the Alliance to End Plastic Waste, 
a global, cross-value chain non-profit organization committed to ending plastic 
waste in the environment. The Alliance brings together a diverse network of 
resources and expertise to create and scale innovative solutions around the 
world.

Cautionary statement
The statements in this presentation relating to matters that are not historical 
facts are forward-looking statements. These forward-looking statements are 
based upon assumptions of management of LyondellBasell which are believed to be 
reasonable at the time made and are subject to significant risks and 
uncertainties. When used in this presentation, the words "estimate," "believe," 
"continue," "could," "intend," "may," "plan," "potential," "predict," "should," 
"will," "expect," and similar expressions are intended to identify 
forward-looking statements, although not all forward-looking statements contain 
such identifying words. Actual results could differ materially based on factors 
including, but not limited to, market conditions, the business cyclicality of 
the chemical, polymers and refining industries; our ability to develop and 
advance plastic grades that advance sustainability and the circular economy; 
and our ability to increase our production volumes of products made by 
recycling or with renewable feedstocks. Additional factors that could cause 
results to differ materially from those described in the forward-looking 
statements can be found in the "Risk Factors" sections of our Form 10-K for the 
year ended December 31, 2019, and our Form 10-Q for the quarters ended March 
31, 2020 and September 30, 2020, which can be found at www.LyondellBasell.com 
on the Investor Relations page and on the Securities and Exchange Commission's 
website at www.sec.gov. There is no assurance that any of the actions, events 
or results of the forward-looking statements will occur, or if any of them do, 
what impact they will have on our results of operations or financial condition. 
Forward-looking statements speak only as of the date they were made and are 
based on the estimates and opinions of management of LyondellBasell at the time 
the statements are made. LyondellBasell does not assume any obligation to 
update forward-looking statements should circumstances or management's 
estimates or opinions change, except as required by law.

About QCP 
Quality Circular Polymers (QCP) provides brand owners and plastics convertors 
with polymers of high and consistent quality based on used plastics. Reliable 
supply, integration, leading technologies and innovative recipes enable QCP to 
push the circular plastics industry to the next level. More information can be 
found at www.QCPolymers.com.

About LyondellBasell
LyondellBasell (NYSE: LYB) is one of the largest plastics, chemicals and 
refining companies in the world. Driven by its employees around the globe, 
LyondellBasell produces materials and products that are key to advancing 
solutions to modern challenges like enhancing food safety through lightweight 
and flexible packaging, protecting the purity of water supplies through 
stronger and more versatile pipes, improving the safety, comfort and fuel 
efficiency of many of the cars and trucks on the road, and ensuring the safe 
and effective functionality in electronics and appliances. LyondellBasell sells 
products into more than 100 countries and is the world's largest producer of 
polymer compounds and the largest licensor of polyolefin technologies. 
LyondellBasell offers a circular product portfolio that provides customers with 
solutions to increase recycled plastic content in their applications with high 
quality mechanically recycled polymers. In 2020, LyondellBasell was named for 
the third consecutive year to Fortune magazine's list of the "World's Most 
Admired Companies." More information about LyondellBasell can be found at 
www.LyondellBasell.com.

About SUEZ
Since the end of the 19th century, SUEZ has built expertise aimed at helping 
people to constantly improve their quality of life by protecting their health 
and supporting economic growth. With an active presence on five continents, 
SUEZ and its 90,000 employees strive to preserve our environment's natural 
capital: water, soil, and air. SUEZ provides innovative and resilient solutions 
in water management, waste recovery, site remediation and air treatment, 
optimizing municipalities' and industries' resource management through "smart" 
cities and improving their environmental and economic performance. The Group 
delivers sanitation services to 64 million people and produces 7.1 billion m3 
of drinking water. SUEZ is also a contributor to economic growth, with more 
than 200,000 jobs created directly and indirectly on an annual basis, and a 
provider of new resources, with 4.2 million tons of secondary raw materials 
produced. By 2030, the Group is targeting 100% sustainable solutions, with a 
positive impact on our environment, health and climate. SUEZ generated total 
revenue of 18.0 billion Euros in 2019.

SOURCE:  LyondellBasell Industries

CONTACT: LyondellBasell Media Relations, U.S.
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