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.

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.

171 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.
Related posts
Artificial IntelligenceNow you knowRandom

Do You Know You Can Lose Your Study Visa For Using ChatGPT?

1 Mins read
The use of ChatGPT is causing concern among educators, with some schools outrightly banning the AI-powered tool from their networks. Such bans…
Now you knowRandom

AWS Chatbot Integrates With Microsoft Teams To Improve Interaction With AWS Resources

2 Mins read
AWS Chatbot’s integration with Teams will allow enterprise users to get notifications about events such as security risks and the status of…
Artificial IntelligenceNow you knowRandom

GPT-4: A More Versatile AI

2 Mins read
OpenAI has recently announced the launch of its latest language model, GPT-4, which has received significant improvements in performance and capabilities compared…
Get powered up with Techpadi Newsletter

Be the first to know what's happening in the African tech space

Leave a Reply

%d bloggers like this: