MOL Group and APK, German sign a strategic cooperation agreement for Plastic Recycling

APK Plastic RecycleMOL Group and APK AG have entered into a strategic cooperation agreement in Merseburg for plastic recycling. MOL will help in the completion of APK’s Merseburg plant, which will be used as a pilot plant for the innovative solvent-based process called Newcycling that facilitate in the recovery of high-quality materials from complex multi-layer packaging.

“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”, said, Ferenc Horvath, MOL Group’s EVP for Downstream. He, continued, “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 is significant.”

APK, headquartered in Merseberge, Germany, an innovative recycling technology company, has developed  Newcycling and is currently setting up the first Newcycling plant at its headquarter in Merseburg. The new technology is applicable to a wide variety of mixed plastic types to transform them into high-quality recyclates.

According to Klaus Wohnig, APK’s speaker of the management board,  APK has considerably developed its Newcycling technology through joint projects with leading players in the packaging, FMCG and plastics industry. APK is keen to finalize its new plant in Merseburg with the support MOL and enter CEE jointly, a very interesting future market.

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