Skip to main content
Sister Publication Links
  • Plastics News
  • Plastics News China
SustainablePlasticsFINAL
Subscribe
  • Login
  • SUBSCRIBE
  • News
    • Recycling
    • Sustainability
    • Bioplastics
    • Technology & Materials
    • ExxonMobil joins Agilyx feedstock partnership
      Lidl
      PreZero pushing forward towards a circular value chain
      Wikipedia Foam Takeout-main_i.jpg
      Virginia lawmakers reach 'great polystyrene compromise,' pass EPS ban, chemical recycling law
      Vita Nova aims to ensure a new life for flexible packaging
    • Arburg publishes its first Sustainability Report online
      Wikipedia Foam Takeout-main_i.jpg
      Virginia lawmakers reach 'great polystyrene compromise,' pass EPS ban, chemical recycling law
      Natural household product supplier Aunt Fannie’s now certified plastic neutral
      Azek-Recycling-Bin-main_i.png
      Azek decking, Sika roofing boost recycled content
    • SoluBlue’s seaweed-based polymer packaging wins Postcode Lotteries Green Challenge
      PHA: As green as it gets
      Braskem to invest $61 million to expand green ethylene production capacity
      On a healthy footing from the start - new shoe brand launches recovery slip-on made from eco-foam
    • Injection Moulding
    • Blow Moulding
    • Extrusion
    • Thermoforming
    • 3D printing
    • Technology
    • Materials
    • Machinery
  • Opinion
    • View Point
    • PHA: As green as it gets
      Opinion: The future of sustainable plastic
      A year to remember
      Opinion: California introduces world’s toughest plastic bottle recycling legislature – will other markets follow?
  • Events
    • Our Exhibitions
    • Plastics Industry Awards (PIA)
    • Ask the Expert
    • Sustainable Plastics Live
    • Reifenhäuser Technologies Livestreams
    • Plastics News Europe Live Archives
    • Plastics Recycling Show Europe
  • Prices & Resources
    • Polymer Prices
    • Data Reports
    • White Papers
  • Contact
    • Advertise
    • Media Pack
  • Subscribe
  • Digital magazine
    • Digital Magazine
  • Multimedia
MENU
Breadcrumb
  1. Home
  2. News
April 15, 2019 01:22 PM

MOL buying German recycled plastic compounder

  • Tweet
  • Share
  • Share
  • Email
  • More
    Print
    Aurora

    Aurora has established a lean closed loop concept which includes collection, regrinding and compounding of post-industrial plastic waste.

    Hungarian energy company MOL Group has agreed to acquire German recycled plastic compounder Aurora as part of its long-term strategy to expand its petrochemicals portfolio.

    The transaction is subject to the relevant merger control approvals.

    With production plants close to automotive manufacturing and plastics conversion clusters in Baden-Württemberg, Germany, Aurora is a medium-size company largely manufacturing engineering plastics and polypropylene recyclate-based compounds. 

    Headquartered in Neuenstein, an hour to the north of Stuttgart, Aurora has established a lean closed loop concept which includes collection, regrinding and compounding of post-industrial plastic waste.

    The company supplies the compounds to the automotive sector and other industries.

    “With this investment, MOL will be able to offer a wide range of high-quality polyamide, polypropylene and other recyclate-based compounds, complementing its existing portfolio of virgin polypropylene and polyethylene,” MOL said in a statement 15 April. 

    With Aurora’s loop logistic system, MOL expects to help customers reach a higher content of recycled material in their end products.

    “This partnership will enable us to grow and add value to our petrochemical business as well as to increase our footprint in the automotive supplier market,” said Ferenc Horvath, MOL Group executive vice president of downstream.

    According to Horvath, Aurora will continue operating as an independent compounder post-acquisition.

    “As part of MOL Group… Aurora will continue to expand its expertise in the processing of engineering plastics… MOL's many years of experience will enable us to work more intensively to protect our raw material resources and relieve the burden on the environment,” said Gerhard Schweinle, founder and member of the Management Board of Aurora: „

    Unveiled in 2017, MOL’s 2030 strategy envisages a $4.5bn investment by the group in expanding its petrochemicals value chain over the next decade.

    Compounding and recycling are among the key areas defined in MOL’s 2030 strategy.

    Both Aurora and MOL have identified the automotive industry as a strategic sector with a growing demand for recycled materials.

    Get our newsletters

    Staying current is easy with Sustainable Plastics' news delivered straight to your inbox, free of charge.

    Subscribe

    Subscriptions to Sustainable Plastics, the leading Pan-European magazine for the circular plastics industry are coming soon.

    Subscribe now
    Connect with Us
    • LinkedIn
    • Twitter

    "In a changing world, Sustainable Plastics is a constant: a platform the plastics industry can rely on to deliver the news and knowhow impacting the industry going forward”

    SustainablePlasticsFINAL
    Contact Us

    11 Ironmonger Lane, EC2V 8EY
    United Kingdom 
     

    Customer Service:
    1-313-446-0450

    [email protected]

     

    Resources
    • Advertise
    • Sitemap
    • Careers
    • Subscribe
    Affiliates
    • Plastics News
    • Plastics News China
    • LSR World
    • Urethanes Technology
    • Tire Business
    • Rubber & Plastics News
    • Automotive News
    • Automotive News Europe
    • Crain Publications
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2021. Crain Communications, Inc. All Rights Reserved.
    • News
      • Recycling
      • Sustainability
      • Bioplastics
      • Technology & Materials
        • Injection Moulding
        • Blow Moulding
        • Extrusion
        • Thermoforming
        • 3D printing
        • Technology
        • Materials
        • Machinery
    • Opinion
      • View Point
    • Events
      • Our Exhibitions
        • Plastics Recycling Show Europe
      • Plastics Industry Awards (PIA)
      • Ask the Expert
      • Sustainable Plastics Live
      • Reifenhäuser Technologies Livestreams
      • Plastics News Europe Live Archives
    • Prices & Resources
      • Polymer Prices
      • Data Reports
      • White Papers
    • Contact
      • Advertise
      • Media Pack
    • Subscribe
    • Digital magazine
      • Digital Magazine
    • Multimedia