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.
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 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.