KIRKBI

Reinforcing recycling, rerouting refuse, and reducing wasteflows

Waste Recovery & Management Tech

Ambercycle is a material science company that adopts a molecular regenerative technology solution called “Ambercycling” to process post-consumer or end-of-life textile waste. The process separates cellulosic materials, dyes, and other components in the textile items and regenerates materials such as yarn and fibers that can be used by other brands and garment manufacturers.&nbsp;One patented material it produces is “Cycora’’, a regenerated fabric made out of textile waste.&nbsp;The company also sells Cycora based products online via its website.Key customers and partnerships• In May 2021, Ambercycle partnered with Avery Dennison to launch Ambercycle’s digital care label, which will be attached to its garments.&nbsp;• In June 2023, the company partnered with <a href="https://sp-edge.com/updates/19207">Shinkong Synthetic Fibers</a>, a Taiwan-based chemical fiber and PET manufacturer, to produce yarns using Cycora and set up a large-scale manufacturing facility.&nbsp;• In October 2023, Ambercycle partnered with <a href="https://sp-edge.com/updates/23110">Inditex</a> to sell 70% of Ambercycle's Cycora production supply over three years in a deal worth EUR 70 million (~USD 74 million).&nbsp;• In November 2023, the company partnered with <a href="https://sp-edge.com/updates/23607">GANNI</a> to launch a collection based on textile-to-textile recycling.&nbsp;• In February 2024, the company partnered with lifestyle brand <a href="https://sp-edge.com/updates/27314">Gap's </a>brand, Athleta, to utilize recycled textiles in Athleta's product line.Funding and financialsIn <a href="https://sp-edge.com/updates/23462">November 2023</a>, the company secured a USD 5 million investment from DRIVE Catalyst, the investment branch of Far Eastern Group to support the construction of Ambercycle's commercial-scale facility and the expansion of “Cycora.” Previously, in <a href="https://sp-edge.com/updates/7542?industryIds=54">January 2022</a>, Ambercycle raised USD 21.6 million in an oversubscribed Series A funding round. The funds were pledged to scale the production of its Cycora material.

APK offers a solvent-based Newcycling process that separates different polymers of multi-layer packaging materials and produces recycled materials suitable for new packaging materials. The company produces granules using both traditional recycling process (Recycling granules) and its proprietary Newcycling process (Newcycling granules).As of March 2024, APK operates from a 57,000 sq m (~600,000 sq ft) plant in Merseburg, with the capacity of 12 tons per annum using the conventional recycling process, and eight tons per annum using the Newcycling process.Funding and financialsIn<a href="https://sp-edge.com/updates/16234"> February 2023</a>, APK formed an agreement with LyondellBasell and KIRKBI, which agreed to invest approximately EUR 130 million in the company, and are set to become minority shareholders in APK, along with other co-investors. In addition, Newcyling Plants will be built to increase its production capacity.

One of the most urgent issues of our time is plastic trash. In order to tackle this problem, APK is creating cutting-edge technologies under the Newcycling® brand that will drastically lower CO2 emissions and protect raw resources for future generations. APK AG is running a pioneering pilot plant in Merseburg, Germany, where this technology has already been industrialised. This facility is the only one of its kind in the world. APK AG's subsidiary APK Newcycling Competence Center GmbH has been running a technological centre in the Frankfurt Hoechst location since June 2022.

APK specialises in the production of plastic granulestos and uses a variety of material flows to do so. They are using a recycling process called newcycling, provide granulates that can be used in production applications. It is a polymer recycling system with a physical-chemical process company,

Kerecis develops patented fish-skin products to heal the human body. Because no disease-transfer risk exists between cold-water fish and humans, the Kerecis fish skin is only gently processed and retains its similarity to human skin, making it an ideal substitute for human skin. More than 50 studies have been done on Kerecis technology. Those studies include two double-blind, comparative, randomized control trials, where fish skin treatment was more efficacious than mammalian-based treatments. Kerecis is also developing products for areas such as oral surgery, plastic surgery, and neurological applications. The company's products utilize multiple patented fish-skin and fatty-acid technologies to protect and regenerate tissue.

Epic Games is an American video game and software company that creates games and offers its game engine technology to other developers. It specializes in developing games, and engine technology and operates a game store that empowers others to make quality games and 3D content, thereby providing game developers the ability to build high-fidelity, interactive experiences for PC, console, mobile, and virtual reality devices.

Ambercycle is a material science company that transforms textile waste into fresh materials for brands and producers. Ambercycle is assembling the world's used-up textiles into one centralized ecosystem, including everything from loose bits to tattered t-shirts. Ambercycle isolates components in intricate fabrics using a molecular regeneration technique to produce raw materials from streams that are typically challenging to recycle. Ambercycle enables regional and international players to easily reroute their waste products back into supply chains.

Välinge has developed new technologies related to flooring, including powder-based floors and locking systems, and manufactures some of its products with 3D printing.

KIRKBI is the family-owned holding and investment company behind The LEGO Group. It is on a mission to protect, develop, and leverage the LEGO brand across all the LEGO-branded entities and is committed to a long-term and responsible investment strategy to ensure a sound financial foundation for the family’s activities.

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