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LyondellBasell receives European Innovation Award from Plastics Europe for a smart polymer with "self-healing" properties
ROTTERDAM, Netherlands, Sept. 21, 2017 /PRNewswire via COMTEX/ -- Copyright (C) 2017 PR Newswire. All rights reserved

LyondellBasell (NYSE: LYB), one of the largest plastics, chemicals and refining companies in the world, received a European Innovation Award from Plastics Europe and the Society of Plastics Engineers (SPE) in the category "Material Innovation." The company was honored for the development of Koattro KT MR05, a new plastomer with "self-healing" properties. The energy injected by the cutting instrument melts the amorph-soft surface and the two components can be joined together before the surface recrystallizes.

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This material could be used to advance the production of seals for aluminum, plastic and wooden windows and doors. The components are cut and pressed onto the carrier surface without the use of glues, adhesives, special tooling or the need for extensive preparation work.

"We are honored to receive this Innovation Award from Plastics Europe," said Richard Roudeix, LyondellBasell's senior vice president olefins and polyolefins for Europe, Asia and international. "Innovation is a part of our DNA and our extensive R&D and Technical Service teams around the world are helping our customers advance their product portfolio, making more sustainable production processes a reality."

The European Innovation Award was launched by The Society of Plastics Engineers and Plastics Europe to raise awareness about the potential of plastic materials. With this award, Plastics Europe and SPE honor companies that have excelled with regard to innovation in the plastics industry. All companies that play a role in the value chain of plastics products, from the larger chemical companies to the plastic converting SMEs, are eligible for the award.

The Koattro family of high performance plastomers based on Butene-1 is characterized by several unique properties such as transparency, softness, flexibility without the use of plasticizers and products that are elastic without any cross-linking. This new family of products is the latest example of LyondellBasell's ability to translate material science into applications that advance traditional polymers into next generation materials.

About LyondellBasell

LyondellBasell (NYSE: LYB) is one of the largest plastics, chemicals and refining companies in the world. Driven by its 13,000 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, and improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road. LyondellBasell sells products into approximately 100 countries and is the world's largest licensor of polyolefin and polypropylene technologies. More information about LyondellBasell can be found at www.lyondellbasell.com.

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SOURCE LyondellBasell

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