New post Need visibility? Apply for a FREE post for your Startup.  Apply Here

Now you knowRandomStartups

Germany Based APK Raises €130M In Seed Funding Round

1 Mins read

One of the many issues bedeviling our ecosystem present is plastic waste. Nearly 80 million tons of plastic packaging waste are produced annually around the world. At the moment, only 10% of the resources are recovered by recycling. The remaining waste is burned, buried, or uncontrollably released into the environment. A true circular economy is something that is increasingly needed. The limit to the capabilities of today’s traditional recycling methods have been reached. For a sustainable future, novel recycling innovations are crucial. APK recycling specialist helps to achieve sustainability goals and recycling quotas by using the Newcycling process.
Apk

In doing this, APK creates pure granulates with characteristics akin to virgin plastics from complicated waste streams, such as mixed plastic trash and multi-layer packaging, using our solvent-based Newcycling technology, and the procedure is both economically and environmentally helpful.

Instead of having to go through the energy- and money-intensive operations to repolymerize the plastic, as is the case with chemical recycling, it is retained.

Typically, mechanical recycling methods can only yield regranulates of a quality that is only appropriate for downcycling uses.

“Newcycling allows to recover from packaging waste again pure polyolefins for re-use in packaging.”

APK Seed Funding
The Merseburg, Germany-based plastic recycling company had raised €130M in funding. The fund sponsors included MIG capital, chemical company LyondellBasell and KIRKBI A/S, the family office of Kirk Kristiansen.

The company said that the funds riased will be used to build two new factories.

Don’t miss any tech news ever!

We don’t spam! Read our privacy policy for more info.

368 posts

About author
We are the same, we may only be different in our experiences, values and exposures. Technology is a big part of my experience, learning is one of my values and writing my credible means of exposure.
Articles
Related posts
ArticleBig StoryNewsRandom

WhatsApp Extends Voice Status Updates Up One Minute Long

2 Mins read
Just like I wrote in my previous article on WhatsApp extending the video status update from 30 seconds to one minute, WhatsApp…
ArticleRandom

Instant Messaging Platform ICQ Set To Shutdown This June After 28 Years

2 Mins read
The digital world will soon bid farewell to a true pioneer in instant messaging platforms. ICQ (Which stands for “I Seek You”)…
ArticleRandom

WhatsApp Set To Introduce New Chat Theme Feature

2 Mins read
WhatsApp has become an integral part of our daily lives, it’s users cutting across different cultures, ages, and background. The App serves…
Newsletter Subscription

🤞 Don’t miss any update!

We don’t spam! Read more in our privacy policy

Join our Telegram channel here - t.me/TechpadiAfrica

Leave a Reply