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MOL partners with Meraxis for recycled plastic compounds

September 15/2020

MOSCOW (MRC) -- MOL (Budapest, Hungary) says it has agreed to partner with polymer distributor Meraxis (Bern, Switzerland) for the development and production of recycled polyolefin compounds, said Chemweek.

The companies have signed a letter of intent to cooperate on the development of a new product portfolio, with Meraxis to supply MOL with post-consumer recyclate to be blended with MOLs virgin polyolefin resins. MOL says the new products will be produced by its Aurora Kunststoffe (Neuenstein, Germany) subsidiary, with both companies to partner on distribution.

"We aim to use the combined expertise of the two companies to meet the increasing demand for high-quality plastic recyclates in the automotive, construction, and packaging industries, says Meraxis CEO Stefan Girschik. The potential offered by recyclates in the manufacture of high-quality plastic products is still far from exhausted. Strategic cooperations like this one, however, allow us to take a key step towards optimized recycling management," he says.

With regulations and customer preferences continuously changing, MOL has identified the importance of using recycled material, no matter the industry, says Gabriel Szabo, MOLs executive vice president/downstream. The partnership will allow it to quickly develop recyclate recompounds that meet customer requirements and complement its virgin compounding development, he says.

MOL acquired recycled plastics compounder Aurora in November last year and says it is continuing with its transition from its traditional fuel-based downstream business model to a higher value-added petrochemical product portfolio.


mrcplast.com
Author:Anna Larionova
Tags:petroleum products, PP, PE, ethylene, propylene, recikling, petrochemistry, MOL Petrochemicals.
Category:General News
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