# 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.

- Type: Investment
- Announced: 2023-02-08
- Where: Merseburg, Germany, Germany
- Value: $139.0M (130.0M EUR)
- Status: announced
- Products: recycled LDPE, Newcycling technology
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [LyondellBasell](https://endata.com/companies/1444.md) (investor)
- [APK](https://endata.com/companies/43781.md) (partner)
- [KIRKBI](https://endata.com/companies/68443.md) (investor)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/lyondellbasell-and-kirkbi-invest-in-apk-to-develop-recycling-technology-301741974.html), 2023-02-08: "Advancing this technology, through our investment in APK, will enable more plastic packaging waste to be reintroduced back into the value chain."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.