The picture shows the German recycling company's new plant in Merseburg, which has developed a new solvent-based physical recycling technology that can recover high-quality plastic materials from complex multi-layer plastic packaging.
The Hungarian Oil and Gas Group, also known as the MOL Group (Budapest in Hungary) and the German Recycling Enterprise APK (located in Merseburg, Germany) signed a strategic cooperation agreement. MOL Group will fund the company's completion of the recycling plant in Merseburg. The plant will use high-quality plastic materials from complex multi-layer plastic packaging using self-innovative solvent-based physical recycling technology. People call it Newcycling.
Since China issued a ban on waste import, the arrival of a large amount of foreign plastic waste has brought trouble to all countries. Plastic recycling is therefore critical for resin suppliers and the entire processing industry. At the same time, due to the diversity of plastic and non-plastic materials used (including adhesives, metallized films, 4. Separation and printing inks, etc., the recycling of multi - layer plastic packaging has become extremely challenging.
Ferenc Horvath, Executive Vice President of MOL Group, said: 'In view of MOL Group's 2030 strategy, we are not only taking effective measures to develop our petrochemical business, but also enter into knowledge-intensive industries with our strategic partners. To the customer's strong demand for recycled plastics, and the concept of circular economy and sustainable development. ' Horvath added: 'We are eager to become the leader of recycling in Central and Eastern Europe, and this agreement will also become this goal The first milestone. MOL Group, a well-known polymer supplier in Europe, will work with the Innovation Partner APK to further upgrade Newcycling technology and promote its use on a large scale.
Klaus Wohnig, General Manager of APK, pointed out: 'In the past few years, the new Newcycling recycling technology developed by APK has matured. We are honored to work with MOL Group to become the leader in the European plastics recycling industry, and we think this Is a field with great development prospects.