Business briefing for March 17

Dow invests in Dutch recycler Xycle Dow has invested in Xycle, a Rotterdam-based firm that is developing what it calls a low-temperature pyrolysis process for breaking down mixed plastics waste into feedstocks that can be processed into plastics again. Other investors include ING, Invest-NL, Polestar Capital, and Vopak. Xycle intends to build a plant in the Port of Rotterdam by the end of 2026 that will have 21,000 metric tons (t) per year of capacity. Dow is planning to use the output in its own petrochemical plants. Dow has signed similar agreements with other firms. In 2022, Mura Technology said it would build a plant using its supercritical steam-based technology at Dow’s site in Böhlen, Germany. Dow also has a pact to buy the output from a recycling plant that Valoregen is planning in France. Last year, it signed an agreement to buy the output from a plant that Freepoint