Leipzig, Germany based APK Aluminium und Kunststoffe AG has outlined its plans to set up plastic recycling plants in both Europe and Asia by 2025 using its patented it Newcycling® technology.
According to the company the process is based on proprietary chemical and physical technology and has been demonstrated at a large-scale pilot plant funded by MIG Fonds and AT Newtech.
APK added that ist plastic recycling technology can be applied to a broad variety of plastic types and combinations commonly used in packaging, even difficult ones including multi-layer films.
The technology is said to exploit physical and chemical properties of different polymer types in order to separate these efficiently, resulting in high-purity single-polymer streams.
“In Germany we have developed an advanced and economically interesting recycling technology to recover virgin-quality polymers from plastic-packaging waste. We call it Newcycling,” explained CEO Klaus Wohnig.
“We now want to expand in Europe while simultaneously bringing our technology to the region where the problem is acute: South-East Asia. Of course, we are open to further co- operations with interested industry partners in order to change the plastics economy from linear to truly circular as soon as possible. This challenge is a very substantial,” he added.
The company was founded in 2008 and has a 57,000 square plant and is owned by the Munich based financial investors MIG Fonds and AT Newtec, an investment company of family office Struengmann.
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