APK + MOL Group Strategic partnership plastics recycling - Arhive

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APK + MOL Group: Strategic partnership in plastics recycling   APK + MOL Group Strategic partnership plastics recycling

By L.Bronx
APK + MOL Group Strategic partnership plastics recyclingAPK AG and the Hungarian MOL Group yesterday signed a strategic cooperation agreement in Merseburg. As a first step, MOL intends to support the completion of the new APK plant in Merseburg in this cooperation.
The plant will serve as a pilot plant for APK’s innovative, solvent-based recycling process, the so-called “newcycling”, which will enable it to recover high-quality plastics from complex multi-layer composite packaging.APK + MOL Group Strategic partnership plastics recycling
Ferenc Horvath, MOL Group’s Executive Vice President for Downstream: “As part of the MOL 2030 strategy, we are taking steps to expand our petrochemicals business and engage in know-how-intensive industries with strategic partners.
We see increasing demand from our customers for recycled plastics and at the same time we are fully committed to the ideas of circular economy and sustainability.
We aim to become the market leader in recycling in Central and Eastern Europe, and with today’s agreement, we are taking a first important step on the way.
MOL, as an established polymer producer in Central and Eastern Europe, together with an innovative partner like APK, will work to further develop ‘newcycling’ technology and locate it in our home market, where the need and potential for recycling plastic waste is significant. “APK + MOL Group Strategic partnership plastics recycling
APK has developed an innovative recycling technology called “newcycling” that can be applied to a wide variety of plastics blends to selectively recover and process the plastics they contain into high-quality recyclates.APK + MOL Group Strategic partnership plastics recycling
The first “newcycling” plant with the APK core technology is currently being developed at the company’s headquarters in Merseburg (see also plasticker-News from 27.07.2018).
Klaus Wohnig, APK board spokesman: “In recent years, APK – funded by its financial investors MIG Fonds and AT Newtec – has significantly advanced its ‘newcycling’ technology and is now reaching market maturity, which we have achieved in joint projects with leading packaging companies , Consumer goods and plastic industry have demonstrated.APK + MOL Group Strategic partnership plastics recycling
We are proud to enter into a strategic partnership with MOL today, a highly respected company in the polymer industry, to complete our new plant in Merseburg and jointly develop the market in Central and Eastern Europe, which we regard as highly interesting because there is a strong trend away from landfill and incineration to recycling and a true circular economy.APK + MOL Group Strategic partnership plastics recycling
And with MOL’s strong roots in this region, we think that MOL is the perfect partner for becoming active in Central and Eastern Europe. “APK + MOL Group Strategic partnership plastics recycling
About the MOL Group

MOL Group is an integrated international oil and gas company with headquarters in Budapest, Hungary.APK + MOL Group Strategic partnership plastics recycling
The company employs 26,000 people in over 30 countries. MOL’s mining and production business is backed by more than 80 years of experience in the hydrocarbon industry and its broad portfolio includes oil and gas operations in 13 countries, including manufacturing operations in eight countries.APK + MOL Group Strategic partnership plastics recycling
MOL Group operates four refineries and two petrochemical factories, whose supply chains are integrated for Hungary, Slovakia and Croatia, and has a network of nearly 2,000 service stations in nine countries in Central and Eastern Europe. MOL Group is a supplier of polymer products such as PP, LDPE and HDPE, with annual sales in excess of one million tonnes.APK + MOL Group Strategic partnership plastics recycling
Further information: www.apk-ag.de, www.mol.hu
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