Borealis announces the signing of an agreement to acquire a 100% stake in Integra Plastics AD, an advanced mechanical plastics recycling company based in Bulgaria. With this investment, Borealis is expanding its mechanical recycling capacities by more than 20,000 tons and thus supporting the growing customer demand for sustainable solutions.
Borealis announces the signing of an agreement to acquire Integra Plastics AD, a Bulgarian advanced mechanical recycling company. The closing of this transaction is subject to customary regulatory approvals. Integra Plastics AD, based in Elin Pelin, Bulgaria, operates a modern plant for advanced mechanical recycling, which was built in 2019 using state-of-the-art technology. Integra Plastics is able to convert post-consumer waste into high-quality polyolefin recyclates suitable for demanding applications.
“Essential resources for a sustainable life”
“In line with the Borealis 2030 strategy, we are steadily progressing on our path towards a circular economy by reinventing essential resources for a sustainable life. The acquisition of Integra Plastics AD is an important further step in realizing our ambitions in advanced mechanical recycling and helping our customers achieve their sustainability goals,” says Lucrèce Foufopoulos, Borealis Executive Vice President Polyolefins, Circular Economy Solutions and Innovation & Technology.
Picture above: The Bulgarian recycler Integra Plastics is now part of Borealis. Photo: Borealis