LyondellBasell to acquire APK AG recycling technology

LyondellBasell (LYB), a global leader in the chemical industry, has announced its agreement to acquire full ownership of APK AG, a pioneering recycling technology company based in Merseburg, Germany. This strategic acquisition strengthens LYB’s Circular and Low Carbon Solutions business, reinforcing its commitment to sustainability and innovation in the recycling sector.

Innovative Solvent-Based Recycling Technology

APK AG is renowned for its unique solvent-based recycling technology, specifically designed to process low-density polyethene (LDPE), a type of plastic that is challenging to recycle through conventional methods. APK’s technology excels at separating different polymers from mixed plastic waste, producing high-purity recycled materials.

These materials are particularly suitable for new flexible packaging applications, such as those used in personal care products. By integrating APK’s technology, LYB enhances its portfolio of mechanical and advanced recycling capabilities, positioning itself at the forefront of recycling innovation.

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Securing the Future of APK AG

The acquisition, expected to close upon fulfilment of customary conditions, follows LYB’s previous investments in APK.

Recognizing the potential of APK’s technology, LYB had already collaborated with the company to scale the technology for broader commercial use. This acquisition not only secures the future of APK, which entered insolvency in May 2024 but also strengthens LYB’s position as a leader in the circular economy.

Yvonne Van Der Laan , Executive Vice President of Circular and Low Carbon Solutions at LyondellBasell said “We see APK's solvent-based recycling technology as a vital addition and complementary to our existing and future mechanical and advanced recycling operations. This is an important further step toward reaching our goal to produce and market at least 2 million metric tons of recycled and renewable-based polymers annually by 2030”.

Strategic Fit for Long-Term Sustainability Goals

Dr. Steve P. D?ring , CEO of APK AG, expressed optimism about the acquisition, stating, “We are very pleased that we entered into an agreement with LYB, securing the future of the company. With its ambition to be a global leader in circular solutions and technologies, LYB is a perfect strategic fit that allows investments into growth opportunities, ensuring that our unique solvent recycling technology can realize its full potential.”

Driving LYB’s Sustainability Vision Forward

This acquisition aligns seamlessly with LYB’s broader strategy, announced in March 2023, to establish itself as an industry leader in sustainability.

LYB has been making substantial investments in plastic waste sorting and recycling operations across Europe, the United States, and Asia as part of this strategy.

By integrating APK’s advanced recycling technology, LYB is poised to further its commitment to the circular economy, driving innovation in the recycling of hard-to-recycle plastics and advancing its mission to create a more sustainable future.

Future Outlook: LyondellBasell

LYB is likely to continue its strategic investments in recycling infrastructure. The company has been expanding its plastic waste sorting and recycling operations across key markets in Europe, the United States, and Asia.

These investments not only support LYB’s sustainability objectives but also reinforce its competitive advantage in the global marketplace.

By leveraging the expertise of APK’s R&D and engineering teams, LYB can accelerate the commercialization of advanced recycling technologies, potentially opening new revenue streams and markets.

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