Borealis completes the acquisition of Integra Plastics AD, a Bulgarian mechanical plastics recycling company. The acquisition adds more than 20,000 tons of recycling capacity per year to Borealis’ mechanical recyclates portfolio and strengthens the company’s ability to meet growing customer demand for more sustainable solutions.
On November 29, 2023, Borealis announced that it has signed an agreement to acquire 100% of the shares in Integra Plastics AD, an advanced mechanical recycling company based in Elin Pelin, Bulgaria, subject to, among other things, customary regulatory approvals. Today, the companies are announcing the successful completion of the transaction.
Additional capacity of 20,000 tons
Integra Plastics AD operates a mechanical recycling plant that was built in 2019 and has an annual production capacity of more than 20,000 tons. Integra Plastics is able to convert post-consumer waste into high-quality polyolefin recyclates suitable for demanding applications.
The acquisition strengthens Borealis’ specialties and circular portfolio and enables the company to meet growing customer demand for more sustainable solutions. The combination of Integra Plastics’ expertise and capabilities in advanced mechanical recycling with Borealis’ know-how and innovation leadership makes a significant contribution to advancing the circular economy in the plastics industry. This move is also further evidence of Borealis’ EverMinds™ commitment to accelerate the transition to a truly circular economy.
Progress on the road to a circular economy
“We are pleased to announce that we are making further progress on our circular economy journey with the addition of Integra Plastics AD to our portfolio. This step strengthens our ability to achieve our goal of advanced mechanical recycling and at the same time enables our customers to meet their sustainability targets. A true proof that we are reinventing essential resources for sustainable living,” says Craig Arnold, Borealis Executive Vice President Polyolefins, Circular Economy Solutions and Innovation & Technology.
“Borealis is one of the world’s leading providers of advanced and sustainable polyolefin solutions and an innovative European leader in polyolefin recycling. I am pleased that Integra Plastics’ capabilities and expertise will contribute to Borealis’ goal of further advancing the circular economy. I am confident that Borealis and Integra Plastics look forward to a future of growth and innovation, offering their customers a wider range of advanced mechanical recyclates,” comments Julian Stefanov, CEO of Integra Plastics AD.
Picture above: The Bulgarian recycler Integra Plastics is now part of Borealis. Photo: Borealis
