Plastic Manufacturing MOL Partners with Meraxis for Production of Recycled Compounds
Together, the MOL Group and Meraxis intend to develop and produce high-quality recycle-based compounds. Under this deal, Meraxis will supply the MOL Group with high-quality, post-consumer recycled materials which will be combined with the firm’s virgin polyolefin resins.
Muri b. Bern/Switzerland – The Swiss trading group Meraxis and the oil, gas and petrochemical company MOL Group are entering into a strategic partnership. They will be joining forces to forge ahead with the development and production of polyolefin re-compounds in the future. The aim is to develop and produce high-quality recycle-based compounds and then distribute them worldwide.
Meraxis will supply MOL Group with high-quality, post-consumer recycled materials going forward to be blended with MOL virgin polyolefin resins. Using the combined compounding knowledge of Meraxis and MOL Group, a new product portfolio will be developed and firstly it is planned to be produced at Aurora Kunststoffe, a member of MOL Group in Germany.
Distribution will be the responsibility of both partners in the future. The partnership will create a unique value proposition to the customers by providing competence in the entire product value chain from sourcing, compounding and sales to technical service. Managing directors of both companies signed a joint letter of intent on the cooperation.
“MOL Group is a key strategic partner for us. As one of the leading polymer manufacturers in Europe, MOL Group has been committed to a closed-loop circular economy for years now,” said Dr. Stefan Girschik, CEO of the Meraxis Group. “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. 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 optimised recycling management,” he added.
“Compounding is an important avenue for the transformational journey to become a leading chemical player in the Central and Eastern European region. As regulations and customer preferences are continuously changing, MOL Group has identified the importance of using recycled material, no matter the industry. The partnership will allow us to quickly develop recyclate re-compounds that meet the customer’s requirements and complement our virgin compounding development. This partnership will give us access to top-quality raw material sources and we will continue using our international distribution networks to supply recycled materials in the desired quantity and quality. In addition, Meraxis has extensive expertise spanning the entire value chain and together, we want to accelerate on the road to reaching our sustainability goals,” emphasised Gabriel Szabó, MOL Group’s Executive Vice President of Downstream.