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LyondellBasell and KIRKBI invest €130M in APK for recycling technology · Endata

◂ Announcements

Feb 8, 2023INVESTMENTMerseburg, Germany, Germany

LyondellBasell and KIRKBI invest €130M in APK for recycling technology

LyondellBasell and KIRKBI signed an agreement to become minority shareholders in APK, investing approximately €130 million to develop APK's solvent-based Newcycling technology for recycling low density polyethylene. The investment was announced on February 8, 2023.

Value

$139.0M (130.0M EUR)

Status

Announced

Productsrecycled LDPENewcycling technology

CompaniesLyondellBasell investor APK partner KIRKBI investor

Sectors#Specialty Chemicals #Plastics and Polymers

“Advancing this technology, through our investment in APK, will enable more plastic packaging waste to be reintroduced back into the value chain.”prnewswire.com

1 source
prnewswire.comLyondellBasell and KIRKBI invest in APK to develop recycling technologyLyondellBasell IndustriesFeb 8, 2023

Summarized from public sources; check the original articles before acting on it.

More from LyondellBasell

Nov 3, 2023ACQUISITIONUnited States
LyondellBasell acquires 25% stake in Cyclyx, joint venture of Agilyx and ExxonMobil
ExxonMobil partner LyondellBasell investor packaginginsights.com
Jul 19, 2023ACQUISITIONMontfort, Netherlands
LyondellBasell acquires 50% stake in Dutch plastic recycler Stiphout Industries
LyondellBasell acquirer Stiphout Industries target plasticsnews.com
May 1, 2023ACQUISITIONBelgium and the Netherlands, Belgium
LyondellBasell buys Veolia's 50% stake in QCP plastics recycling JV
LyondellBasell acquirer Veolia Belgium partner packaging-gateway.com
Mar 13, 2023INVESTMENTMerseburg, Germany$140.0M
LyondellBasell gets cartel approval for minority stake in APK
APK LyondellBasell investor euwid-recycling.com
Mar 13, 2023ACQUISITION
LyondellBasell to acquire Mepol Group
LyondellBasell acquirer Mepol Group target lyondellbasell.com
Feb 16, 2023CONTRACTChannelview, Texas, United States
LyondellBasell signs long-term supply deal with Nexus Circular
LyondellBasell customer Nexus Circular supplier prnewswire.com

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