LyondellBasell and KIRKBI completed the acquisition of a minority stake in APK AG.

LyondellBasell, a company operating in the chemical industry, and KIRKBI A/S, the family-owned holding and investment company of the LEGO® brand, completed the acquisition of a minority stake in APK, a German company that specializes in a unique solvent-based recycling technology for low-density polyethylene. Financial terms were not disclosed. “We need to advance the recycling of all types of plastic waste material generated today to support the goal of a circular economy and meet the increasing demand for high quality recycled products. Advancing this technology, through our investment in APK, will enable more plastic packaging waste to be reintroduced back into the value chain and will address the demand from consumers and brand owners for more sustainable packaging. Products made using this unique Newcycling® solvent-based technology will be a great complementary addition to our existing Circulen product portfolio, which currently offers mechanical and advanced recycling solutions to our customers,” Yvonne van der Laan, LyondellBasell Executive Vice President, Circular and Low Carbon Solutions.