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MOL Group and Meraxis to develop polyolefin re-compounds
Source:Adsale Plastics Network    Editor:JK    Date:10.Sep.2020

The Swiss trading group Meraxis and the leading integrated Central and Eastern European 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 GmbH, a member of MOL Group in Germany. Distribution will be the responsibility of both partners in the future.


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MOL Group is a leading integrated Central & East European oil and gas corporation headquartered in Budapest, Hungary.


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.

 

“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,” said Dr. Stefan Girschik, CEO of the Meraxis Group.

 

“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,” emphasized Gabriel Szabó, MOL Group’s Executive Vice President of Downstream.

 

As one of the leading European polymer manufacturers, MOL Group has been expanding its petrochemical business for years now. MOL Group entered compounding with the acquisition of Aurora Kunststoffe in November 2019 and is continuing its “Enter Tomorrow 2030” strategy aiming to transition from a traditional fuel-based business model in its Downstream division to higher value-added petrochemical product portfolio.

 

Meraxis has been on the market for more than one year following the merger of the two global Swiss companies MB Barter & Trading and REHAU GmbH, the latter being responsible among others for global production material supply for the REHAU Group. The company has been expanding its portfolio of prime and recycled materials on an ongoing basis ever since.

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