APK has raised $138M to recycle plastics into low-density polyethylene using its patent-pending solution.
The company is based in Merseburg, Germany.
- APK recycles the plastics using a recycling plant for regranulate that is taken from post-consumer waste.
- This technology can be utilized to make products that are used in construction and gardening.
- MIG Capital led the funding round, with participation from LyondellBasell and KIRKBI A/S.
- The company aims to use this funding to build two new factories.
- APK was founded in 2008.