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. 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 finance the construction of APK 's new recycling plant in Hungary , which is serving as a pilot for the solvent - free process , which is being called Newcycling . The recycling of multilayer plastics is seen as particularly challenging given the diversity of materials used , but the new process can be applied to a broad range of plastic types to help turn them into high - quality recycled materials .
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 finance the construction of APK 's new recycling plant in Hungary , which is serving as a pilot for the solvent - free process , which is being called Newcycling . The recycling of multilayer plastics is seen as particularly challenging given the diversity of materials used , but the new process can be applied to a broad range of plastic types to help turn them into high - quality recycled materials .