LyondellBasell Surges 79.49% in Trading Volume, Secures 335th Spot in Market Rankings

On July 22, 2025, LyondellBasell's trading volume reached $353 million, marking a 79.49% increase from the previous day, placing it at the 335th position in the day's stock market rankings. LyondellBasell (LYB) rose by 4.41%.

LyondellBasell's joint venture with Genox Recycling, Genox LyondellBasell New Material Co., Ltd. (GXLYB), has received No Objection Letters (NOLs) from the U.S. Food and Drug Administration (FDA) for its recycled polypropylene (rPP) and recycled high-density polyethylene (rHDPE) processes. These NOLs, issued on April 28 and May 6, respectively, validate that GXLYB's mechanical recycling processes meet the FDA's rigorous safety and quality standards. This recognition highlights the company's robust quality control systems, from raw material sourcing to production and finished product testing.

GXLYB utilizes these recycling processes to produce CirculenRecover polymers, which are derived from plastic waste through mechanical recycling. These polymers are versatile, suitable for injection molding, blow molding, and extrusion applications. With FDA NOL compliance, CirculenRecover polymers can now be used in various industries, including personal care, cosmetics, consumer goods, industrial, household, and packaging. This expansion allows customers to incorporate recycled PP and PE into their products, such as bottles and caps, furthering their sustainability goals.

Fu Limin, vice president of Polyolefins China and Joint Venture Management at LYB, and chairman of the Board of GXLYB, emphasized that these NOLs are a strong endorsement of the joint venture's recycling technology and products. He noted that the venture is part of LYB's strategy to expand circular polymer offerings in China, providing local recycling solutions that help customers achieve their sustainability objectives. Matthijs M. Beijk, vice president of Feedstock and Mechanical Recycling EMEAI at LYB, added that this achievement reflects the company's global commitment to sustainability. The development and application of the CirculenRecover product line enhance the value of recycled plastic waste, opening new opportunities in sustainable innovation. LYB is committed to promoting the adoption of high-quality recycled materials across global markets.