Lego billionaires to invest big in plastic recycling technology
The fund that manages the fortune of the Danish billionaires who own Lego plans to significantly increase its investments in plastics technologies, as Europe prepares to implement much stricter recycling rules.
Kirkbi, the investment arm of the Danish family that owns Lego, plans to significantly increase its investments in plastic recycling technology as Europe prepares to implement stricter recycling regulations. The company's climate unit aims to double its $1.6 billion portfolio over the next five years, with a focus on recycling plastics.
The European Union has set a deadline of 2030 for all packaging to be recyclable, and Kirkbi Climate CEO Anupam Bhargava expects this to create a more mature market that will give investors greater confidence. The company manages assets worth 189,000 million Swedish crowns, with Kirkbi Climate overseeing 10,000 million crowns.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
