- LYB plans to build commercial plants using APK's solvent-based technology for LDPE.
- APK's technology will be part of LYB's Circulen portfolio.
- LYB laid the foundation for its first MoReTec plant in Wesseling on September 19.
- CLCS invests in plastic-waste sorting and recycling in Europe, the US, and Asia.
Acquisition Overview
LyondellBasell (LYB) has completed the acquisition of APK AG, a company based in Merseburg, Germany, specializing in solvent-based recycling technology for low density polyethylene (LDPE). This acquisition aims to integrate APK's unique technology into LYB's operations, enhancing its capabilities in producing high-purity materials for applications such as flexible packaging.
Strategic Integration
APK's solvent-based recycling technology will be incorporated into LYB's Circulen portfolio, complementing its existing mechanical and advanced recycling technologies. This integration is part of LYB's broader strategy to address the increasing demand for sustainable solutions and to advance its circular economy initiatives.
Infrastructure Developments
In addition to the acquisition, LYB has laid the foundation for its first industrial-scale MoReTec plant for catalytic advanced recycling in Wesseling, Germany, on September 19. This plant represents a significant investment in LYB's efforts to develop sustainable recycling solutions and reduce plastic waste.
Global Investment Strategy
LYB's circular and low carbon solutions (CLCS) business unit is actively investing in plastic-waste sorting and recycling operations across Europe, the United States, and Asia. These investments are part of LYB's new company strategy, revealed in March 2023, which focuses on establishing the company as a leader in sustainability through access to innovative and differentiated technologies.
