Borealis further expands its mechanical recycling capacity with acquisiton of Integra Plastics AD

7 April 2024 – Borealis announced that it had signed an agreement to acquire a 100 % stake in Integra Plastics AD, an advanced mechanical recycling player based in Elin Pelin, Bulgaria, subject to customary regulatory approvals. Today, the companies announce the successful closing of the transaction.

Integra Plastics AD operates a modern advanced mechanical recycling plant built in 2019 with state-of-the-art equipment and an annual output capacity of more than 20,000 tons. Integra Plastics has the ability to transform post-consumer waste into high-quality polyolefin recyclates suitable for demanding applications.

The acquisition strengthens Borealis’ speciality and circular portfolio, enabling the company to meet growing customer demand for more sustainable solutions. Combining Integra Plastics’ expertise and capacity in advanced mechanical recycling with Borealis’ know-how and innovation leadership, contributes considerably to advancing circularity in the plastics industry. The move also represents a further proof point of Borealis’ EverMinds™ commitment to accelerate the transition to a truly circular economy.

“We are thrilled to announce that we continue making steady progress on our circularity journey by adding Integra Plastics AD to our portfolio. This move strengthens our ability to deliver on our advanced mechanical recycling ambition and, enables our customers to meet their sustainability targets.” says Craig Arnold, Borealis Executive Vice President Polyolefins, Circular Economy Solutions and Innovation & Technology.

Source:
www.borealisgroup.com | www.borealiseverminds.com