LyondellBasell Records Impairment on Houston Circularity Project
LyondellBasell has written down its investment in the Cyclyx Circularity Center located in Houston.
Houston, TX, August 5, 2026 —
LyondellBasell has recorded a financial write-down on its investment in the Cyclyx Circularity Center, a facility located in Houston.
The company’s decision to write down the investment indicates a reassessment of the asset’s value. The specific financial amount of the impairment was not provided in the summary.
Cyclyx is a joint venture focused on developing chemical recycling solutions for plastic waste. The Houston facility is part of this initiative, aiming to process post-consumer plastic waste into feedstock for new plastics.
LyondellBasell’s investment in Cyclyx is part of its broader strategy to advance the circular economy for plastics. Chemical recycling technologies are seen as a key component in addressing plastic waste challenges by converting hard-to-recycle plastics back into valuable raw materials.
Further details regarding the reasons for the write-down or its impact on the Cyclyx project’s future operations were not disclosed.
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