MOL Group and APK form strategic partnership for plastic recycling
Merseburg, Germany, – MOL Group and APK AG signed a strategic cooperation agreement yesterday in Merseburg. As a first step in the
Ferenc Horvath, MOL Group’s EVP for Downstream commented: ”In line with MOL 2030 strategy, we are taking steps to grow our petrochemicals business and enter knowledge-intensive industries together with strategic partners. We see a growing demand from our customers for recycled plastics and at the same time, we are also fully committed to the idea of circular economy and sustainability. We aspire to become leaders in recycling in Central and Eastern Europe and with today’s agreement we are marking the first milestone on this journey. MOL, as an established polymer player in CEE, together with an innovative partner as APK will work on further developing the Newcycling® technology and bringing it to our core region where the need and the potential for plastic waste recycling
APK developed an innovative recycling technology named Newcycling® that can be applied to a broad variety of mixed plastic types and process them into high-quality recyclates. The first Newcycling® plant using APK’s core technology is currently being set-up at APK’s headquarter in Merseburg.
Klaus Wohnig, APK’s speaker of the management board pointed out: "In the last couple of years, APK developed - funded by its financial investors MIG Fonds and AT Newtec - its Newcycling® technology considerably and is reaching market maturity now, which we have proven in joint projects with leading players in the packaging, FMCG
One of the cornerstones of
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