TAGS: Sustainability and Bioplastics
Borealis announces the signing of an agreement to acquire a 100% stake in Integra Plastics AD, an advanced mechanical recycling player based in Bulgaria.
The investment will strengthen Borealis’ advanced mechanical recycling portfolio, adding more than 20,000 tons of recycling capacity and support growing customer demand for sustainable solutions.
Strengthening Advanced Mechanical Recycling Ambition
The transaction is part of commitment to accelerate the transition to a
circular economy and represents another critical proof point of that ambition.
Based in Elin Pelin, Bulgaria, Integra Plastics AD operates a modern advanced mechanical recycling plant built in 2019 with state-of-the-art equipment. Integra Plastics has the ability to transform post-consumer waste into high quality polyolefin recyclates suitable for demanding applications.
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In line with Borealis’ Strategy 2030, we continue making steady progress on our circularity journey by reinventing essentials for sustainable living. The addition of Integra Plastics AD will strengthen our ability to deliver on our advanced mechanical recycling ambition and enable our customers to meet their sustainability targets,” says Lucrèce Foufopoulos, Borealis Executive vice president Polyolefins, Circular Economy Solutions and Innovation & Technology.
Learn all about plastics recycling innovations, material and technology updates.
Source: Borealis
