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Germany's Bundeskartellamt has approved LyondellBasell's planned investment to acquire a 28.2% minority stake in German plastics recycler APK AG. Along with Kirkbi and other investors, a total of €130 million will be invested in APK to expand its production capacity.
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.