23 Aug 2024 --- US-based packaging materials supplier LyondellBasell (LYB) has entered an agreement to acquire German recycling technology specialist APK in Merseburg, Germany. The move integrates APK’s solvent-based recycling technology into LYB’s existing mechanical and advanced recycling technologies. LYB previously invested in the company and collaborated to scale the technology. In 2023, it participated in a €130 million (US$139 million) funding round to scale APK’s proprietary recycling technology, Newcycling.
