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Orlen Unipetrol acquires recycling firm Remaq

| By Mary Bailey

The ORLEN Unipetrol Group (Prague, Czech Republic) announced it expansion into the segment of mechanical recycling by acquiring REMAQ, a leading player in the region of Central and Eastern Europe, in its group. 

An Italian-Czech company, REMAQ, s.r.o. was established in 2004. It focuses on production and trading with plastic recyclates, especially polypropylene, polyethylene and polystyrene. In 2009 the company opened a production plant in the Otrokovice industrial zone. It operates four modern regranulation lines with a total capacity of 2,400 tons per month. REMAQ is the most important and fastest-growing company that recycles plastic in the Czech Republic and also holds a significant position in the European market. It employs 80 people, and its revenue exceeds half a billion korunas. Completion of the acquisition is expected by the end of March 2023 at the latest.

“Our projects in the field of chemical recycling of plastics will allow us not only to implement the assumptions of the circular economy, but also to reduce the demand for oil and gas in petrochemical production. The acquisition of REMAQ will enable the expansion of the ORLEN Group’s competences in the field of mechanical recycling. Our goal is to properly link all waste recycling methods and create a fully functional chain in which local governments, waste distributors and final processors work together efficiently. In line with the ORLEN Group’s Strategy, we strive to have a recycling capacity of plastics and natural waste of up to 400 thousand tonnes in 2030. It is also our contribution to the protection of the environment and the planet, which will also contribute to building the value of the concern in the long term,” said Daniel Obajtek, President of the Management Board of PKN ORLEN.

“We fulfill our mission to be emission-neutral by 2050 by implementing the gradual goals that we have defined in our sustainable development strategy until 2030. One of them is the development of recycling activities so that in 2030 up to twenty percent of our petrochemical production is created through the recycling of plastic and organic waste,” added Tomáš Wiatrak, CEO of ORLEN Unipetrol Group.

“We have built a successful company that is the leader of the rapidly developing recycling market in the Central and Eastern European region. We perceive the connection with the strong ORLEN Unipetrol group as the right step towards ensuring its further development. Together we will be stronger and better able to respond to customer expectations by enriching our product portfolio with specialized applications and further reducing its carbon footprint,” said Libor Večeřa, CEO of REMAQ.