LYB to Acquire APK AG Recycling Technology
LyondellBasell (LYB) has announced an agreement to acquire full ownership of APK AG in Merseburg, Germany, expanding its Circular and Low Carbon Solutions business. This acquisition secures APK's future after its insolvency in May 2024 and adds solvent-based recycling technology to LYB's portfolio of mechanical and advanced recycling technologies.
The acquisition aligns with LYB's goal to produce and market 2 million metric tons of recycled and renewable-based polymers annually by 2030. APK's technology focuses on recycling hard-to-recycle flexible plastic waste, particularly low-density polyethylene (LDPE). The recycled materials will be sold under LYB's Circulen portfolio.
This move is part of LYB's new company strategy, announced in March 2023, aimed at establishing itself as an industry leader in sustainability. The Circular & Low Carbon Solutions (CLCS) business has been making substantial investments in plastic-waste sorting and recycling operations across Europe, the United States, and Asia.
LyondellBasell (LYB) ha annunciato un accordo per acquisire la piena proprietà di APK AG a Merseburg, Germania, espandendo il proprio business di Soluzioni Circolari e a Basso Carbonio. Questa acquisizione garantisce il futuro di APK dopo la sua insolvenza nel maggio 2024 e aggiunge tecnologia di riciclaggio a base di solventi al portfolio di tecnologie di riciclaggio meccanico e avanzato di LYB.
L'acquisizione si allinea con l'obiettivo di LYB di produrre e commercializzare 2 milioni di tonnellate metriche di polimeri riciclati e rinnovabili all'anno entro il 2030. La tecnologia di APK si concentra sul riciclaggio dei rifiuti di plastica flessibile difficili da riciclare, in particolare il polietilene a bassa densità (LDPE). I materiali riciclati saranno venduti sotto il portfolio Circulen di LYB.
Questa mossa fa parte della nuova strategia aziendale di LYB, annunciata nel marzo 2023, volta a stabilirsi come leader del settore nella sostenibilità. Il business di Soluzioni Circolari e a Basso Carbonio (CLCS) ha effettuato investimenti sostanziali nelle operazioni di selezione e riciclaggio della plastica in Europa, Stati Uniti e Asia.
LyondellBasell (LYB) ha anunciado un acuerdo para adquirir la propiedad total de APK AG en Merseburg, Alemania, ampliando su negocio de Soluciones Circulares y de Bajo Carbono. Esta adquisición asegura el futuro de APK tras su insolvencia en mayo de 2024 y añade tecnología de reciclaje a base de disolventes al portafolio de tecnologías de reciclaje mecánico y avanzado de LYB.
La adquisición se alinea con el objetivo de LYB de producir y comercializar 2 millones de toneladas métricas de polímeros reciclados y basados en recursos renovables anualmente para 2030. La tecnología de APK se centra en el reciclaje de desechos plásticos flexibles difíciles de reciclar, particularmente polietileno de baja densidad (LDPE). Los materiales reciclados serán vendidos bajo el portafolio Circulen de LYB.
Este movimiento es parte de la nueva estrategia empresarial de LYB, anunciada en marzo de 2023, que busca establecerse como líder de la industria en sostenibilidad. El negocio de Soluciones Circulares y de Bajo Carbono (CLCS) ha realizado inversiones sustanciales en operaciones de clasificación y reciclaje de plásticos en Europa, Estados Unidos y Asia.
리온델바젤(LYB)은 독일 메르세부르크에 있는 APK AG의 전액 인수 계약을 발표하며, 순환 및 저탄소 솔루션 사업을 확대하고 있습니다. 이번 인수는 2024년 5월 파산 후 APK의 미래를 보장하고, LYB의 기계 및 고급 재활용 기술 포트폴리오에 용제 기반 재활용 기술을 추가합니다.
이번 인수는 LYB의 목표인 2030년까지 매년 200만 미터톤의 재활용 및 재생 가능한 폴리머를 생산 및 판매하는 것과 일치합니다. APK의 기술은 재활용하기 어려운 유연한 플라스틱 폐기물, 특히 저밀도 폴리에틸렌(LDPE) 재활용에 중점을 두고 있습니다. 재활용된 자재는 LYB의 Circulen 포트폴리오로 판매될 것입니다.
이번 조치는 2023년 3월 발표된 LYB의 새로운 회사 전략의 일환으로, 지속 가능성 분야에서 업계 리더로 자리잡기 위한 것입니다. 순환 및 저탄소 솔루션(CLCS) 사업은 유럽, 미국 및 아시아 전역의 플라스틱 폐기물 분류 및 재활용 작업에 상당한 투자를 하고 있습니다.
LyondellBasell (LYB) a annoncé un accord pour acquérir la pleine propriété d'APK AG à Merseburg, en Allemagne, élargissant ainsi son activité de Solutions Circulaires et à Faible Carbone. Cette acquisition sécurise l'avenir d'APK après sa insolvabilité en mai 2024 et ajoute la technologie de recyclage à base de solvants au portefeuille de technologies de recyclage mécanique et avancé de LYB.
L'acquisition est en ligne avec l'objectif de LYB de produire et commercialiser 2 millions de tonnes métriques de polymères recyclés et à base renouvelable par an d'ici 2030. La technologie d'APK se concentre sur le recyclage des déchets plastiques flexibles difficiles à recycler, en particulier le polyéthylène basse densité (LDPE). Les matériaux recyclés seront vendus sous le portefeuille Circulen de LYB.
Ce mouvement fait partie de la nouvelle stratégie d'entreprise de LYB, annoncée en mars 2023, visant à se positionner comme un leader de l'industrie en matière de durabilité. L'activité Solutions Circulaires et à Faible Carbone (CLCS) a réalisé des investissements substantiels dans les opérations de tri et de recyclage des plastiques en Europe, aux États-Unis et en Asie.
LyondellBasell (LYB) hat eine Vereinbarung zur vollständigen Übernahme von APK AG in Merseburg, Deutschland, bekannt gegeben, um sein Geschäft mit Circular und Low Carbon Solutions zu erweitern. Diese Übernahme sichert die Zukunft von APK nach ihrer Insolvenz im Mai 2024 und fügt LYB's Portfolio an mechanischen und fortschrittlichen Recyclingtechnologien lösungsmittelbasierte Recyclingtechnologie hinzu.
Die Übernahme stimmt mit LYB's Ziel überein, bis 2030 2 Millionen metrische Tonnen recycelter und erneuerbarer Polymere jährlich zu produzieren und zu vermarkten. Die Technologie von APK konzentriert sich auf das Recycling von schwer recycelbaren flexiblen Kunststoffabfällen, insbesondere von niedriger Dichte Polyethylen (LDPE). Die recycelten Materialien werden unter LYB's Circulen-Portfolio verkauft.
Dieser Schritt ist Teil von LYB's neuer Unternehmensstrategie, die im März 2023 bekannt gegeben wurde und darauf abzielt, sich als Branchenführer im Bereich Nachhaltigkeit zu etablieren. Das Geschäft mit Circular & Low Carbon Solutions (CLCS) hat bedeutende Investitionen in die Sortierung und Recycling von Kunststoffabfällen in Europa, den Vereinigten Staaten und Asien getätigt.
- Acquisition of APK AG expands LYB's recycling technology portfolio
- Aligns with LYB's goal to produce 2 million metric tons of recycled and renewable-based polymers annually by 2030
- Adds unique solvent-based recycling technology for hard-to-recycle flexible plastic waste
- Strengthens LYB's position as an industry leader in sustainability
- Expands LYB's Circulen portfolio of recycled materials
- Acquisition of a company that recently entered insolvency may pose integration challenges
- Financial terms of the acquisition not disclosed, potential impact on LYB's finances unclear
Insights
LyondellBasell's acquisition of APK AG is a strategic move to expand its recycling technology portfolio. This aligns with LYB's goal to produce
However, the financial impact remains unclear without disclosed acquisition costs or APK's financials. Investors should note that APK was in insolvency, which could imply a favorable purchase price but also potential risks. The acquisition's success will depend on LYB's ability to scale APK's technology and integrate it effectively into its operations.
LyondellBasell's acquisition of APK AG marks a significant advancement in plastic recycling technology. APK's solvent-based recycling method for LDPE is particularly noteworthy as it targets hard-to-recycle flexible plastics, a major component of consumer waste. This technology complements LYB's existing mechanical and advanced recycling capabilities, creating a more comprehensive recycling portfolio.
The ability to produce high-purity recycled materials suitable for new flexible packaging could be a game-changer in the industry. It addresses growing consumer and regulatory demands for sustainable packaging solutions, potentially opening new market opportunities for LYB in the personal care and other sectors.
This acquisition positions LyondellBasell favorably in the rapidly growing recycled plastics market. With increasing global focus on sustainability and circular economy principles, demand for recycled plastics is projected to surge. LYB's expanded technology portfolio, including APK's innovative solvent-based recycling, could give it a competitive edge.
However, market acceptance and scalability of this technology remain important factors. The success will depend on LYB's ability to commercialize APK's technology effectively and secure partnerships with major consumer goods companies. Investors should monitor LYB's progress in integrating APK's operations and any announcements regarding new partnerships or contracts leveraging this technology.
Expands Company's Technology Portfolio and Circular Hub
- Acquisition increases LYB Circular and Low Carbon Solutions Business and diversification of innovative recycling technologies
- Transaction encompasses existing assets and planned growth projects
Closing of the transaction is subject to customary closing conditions. LYB believes APK's solvent-based recycling technology is a perfect fit with its already existing mechanical and advanced recycling technologies. Therefore, it already invested in the company in the past and made collaborative efforts on bringing the technology to scale. By acquiring APK, LYB secures the future of the company after it entered into insolvency at the end of May 2024.
"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," says Yvonne van der Laan, LyondellBasell Executive Vice President, Circular and Low Carbon Solutions. "The highly motivated culture of APK will be an excellent fit for LYB. We want to build on the excellent progress of APK and fully leverage its expertise of R&D, project engineering and operations teams, solidifying our position as an industry leader in sustainability."
"We are very pleased that we entered into an agreement with LYB, securing the future of the company," says Steve Döring, CEO of APK AG. "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."
The recycling technology is a unique solvent-based kind for low density polyethylene (LDPE). LYB aims to increase the recycling of hard-to-recycle flexible plastic waste materials – which today make up the majority of mixed plastic waste from the consumer sector. The technology separates the different polymers of hard to recycle, flexible plastic waste materials and produces recycled materials with a high degree of purity suitable for new flexible packaging of, for example, personal care products. The materials produced will be sold under the LYB Circulen portfolio.
In March 2023 LYB revealed its pivotal, new company strategy aiming at establishing LYB as an industry leader in sustainability. LYB has formulated ambitious plans to create access to best-in-class innovative and differentiated technologies, and as a key element of its new strategy formed a dedicated Circular & Low Carbon Solutions (CLCS) business. CLCS has started to make substantial investments upstream in plastic-waste sorting and recycling operations in
About LyondellBasell
We are LyondellBasell (NYSE: LYB) ― a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors and society. As one of the world's largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. For more information, please visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.
Forward-Looking Statements
The statements in this release relating to matters that are not historical facts are forward-looking statements. Actual results could differ materially based on factors including, but not limited to, our ability to meet our sustainability goals, including the ability to increase production of recycled and renewable-based polymers to meet our targets and forecasts and our ability to procure feedstock to meet these goals. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the "Risk Factors" section of our Form 10-K for the year ended December 31, 2023, which can be found at www.LyondellBasell.com on the Investor Relations page and on the Securities and Exchange Commission's website at www.sec.gov. There is no assurance that any of the actions, events or results of the forward-looking statements will occur, or if any of them do, what impact they will have on our results of operations or financial condition. Forward-looking statements speak only as of the date they were made and are based on the estimates and opinions of management of LyondellBasell at the time the statements are made. LyondellBasell does not assume any obligation to update forward-looking statements should circumstances or management's estimates or opinions change, except as required by law.
View original content to download multimedia:https://www.prnewswire.com/news-releases/lyb-to-acquire-apk-ag-recycling-technology-302228074.html
SOURCE LyondellBasell
FAQ
What company is LyondellBasell (LYB) acquiring?
What type of technology does APK AG bring to LyondellBasell?
How does this acquisition align with LYB's sustainability goals?
When did APK AG enter insolvency, and how does this affect the acquisition?
How will LYB market the recycled materials produced using APK's technology?
