By: ICN Bureau
Last updated : December 01, 2023 4:56 pm
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
Borealis announces that it has signed an agreement for the acquisition of Integra Plastics AD, a Bulgarian advanced mechanical recycling player. Closing of this transaction is subject to customary regulatory approvals.
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.
“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.