Hungary's MOL Group has signed a strategic co-operation agreement with German firm APK to develop a new process of recycling multilayer plastics. APK Managing Director Klaus Wohnig pointed out: “In the last couple of years, APK has developed — funded by its financial investors MIG Fonds and AT Newtec — its Newcycling technology considerably and [the technology] is reaching market maturity now, which we have proven in joint projects with leading players in the packaging, FMCG and plastics industry. MOL will support the completion of APK's new recycling plant in Merseburg, which is serving as a pilot for the solvent-based process, which is being called Newcycling. The company said it would invest €100 million into the plant, and that its first batch of recycled plastics could be used within two years.
Hungary's MOL Group has signed a strategic co-operation agreement with German firm APK to develop a new process of recycling multilayer plastics. MOL will support the completion of APK's new recycling plant in Merseburg, which is serving as a pilot for the solvent-based process, which is being called Newcycling. The company said it would invest €100 million into the plant, and that its first batch of recycled plastics could be used within two years.