RECURA Financials is pleased to announce the completion of the transaction between KRAS Recycling, a leading waste collector and sorter, and plastics recycler in the Netherlands and SCG Chemicals or SCGC, one of the largest integrated global petrochemical companies and a key industry leader in developing circular solutions. The collaboration is a strategic choice to secure the future of the family business.

RECURA Financials served as the exclusive financial and transaction advisor to the sell side in this transaction, with KRAS Recycling selling a 60% stake in its business to SCG Chemicals.

News links:
https://www.kras-recycling.com/en/news/kras-and-scgc/
https://scc.listedcompany.com/newsroom/111120220759100984E.pdf
https://lnkd.in/dDbzu5ui; https://lnkd.in/d7UY56Qc ; https://lnkd.in/dMScsN2B

About KRAS
Kras currently poses ability to competitively source 160,000 ton/year and 120,000 ton/year of plastic waste and paper waste, respectively, and raw material sourced is mainly high-quality waste. In addition, Kras has a 75% stake in REKS LLC (Kosovo), a polymers recycler, with capacity of 9,000 ton/year and to be doubled within 2023, and also a 20.67% stake in Circular Plastics BV (Netherland) which offers sustainable circular packaging and transport solutions.
Additional details on Kras can be found on https://lnkd.in/dDbzu5ui

About SCGC
SCG Chemicals, or SCGC, is a leading integrated chemical player in ASEAN with strategic bases in Vietnam, Indonesia, and Thailand, offering a full range of petrochemical products ranging from upstream production of olefins to downstream production of 3 main plastics resins: polyethylene, polypropylene, and polyvinyl chloride.
SCGC focuses on inventing “Innovation that’s Real” to drive the ASEAN economy and elevate the quality of life in accordance with ESG and circular economy. SCGC develops technology and innovation toward HVAs in infrastructure, consumable packaging, automotive, health and well-being, and energy solutions, together with sustainable environmental stewardship.
Additional details on SCGC can be found on: www.scgchemicals.com
The transaction on the KRAS side was supported by transaction advisors RECURA Financials, legal counsel by Lexence.