Mol Group to close two plastic recycling plants in Hungary – EU

Posted on November 10, 2025 by DrRossH in Plastic Recycling

Mol Group will cease operations at its plastics recycling subsidiary Remat Zrt. by year end.The Hungarian oil and gas company acquired Remat in April 2022.Remat operates two PE and PP recycling plants in Tiszaújváros and Rakamaz, Hungary, as well as a logistics hub in Bratislava, Slovakia…

Source: Mol Group to close two plastic recycling plants in Hungary | Sustainable Plastics

European recyclers are grappling with high energy costs and soaring input waste cost while being undercut by cheaper imported materials. Closures of European plastics recycling plants rapidly accelerated in 2025. A sharp decline in domestic production, increased imports, and rising economic pressures are forcing company closures. Between January and July 2025, Europe lost almost the same amount of capacity as in the whole of 2024. As of August, capacity lost was three times the amount lost in 2023