MOL Group Acquires Plastic Recycling Company ReMat

Fuel retailer MOL Group has acquired Hungary’s ReMat, a plastic recycling company with an annual processing capacity of 25,000 tonnes and almost 200 employees.

The deal aligns with the fuel retailer’s strategy to focus on low carbon circular economy in Central and Eastern Europe.

ReMat Zrt. operates production plants located in Tiszaújváros and Rakamaz, Hungary, and a logistics hub in Bratislava, Slovakia.

The company manufactures a wide range of polyethylene and polypropylene regranules and tailor-made products using plastic waste from communal and industrial sources.

The acquisition will enable MOL Group to develop tailor-made virgin and recyclate solutions to meet the growing demand of its customers for circular materials.

ESM