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Borealis completes acquisition of Integra Plastics AD

YarnsandFibers News Bureau 2024-04-05 17:46:15 – Austria

Recently, Borealis announced the signing of an agreement to acquire 100% of Integra Plastics AD, an advanced mechanical recycling company based in Elin Pelin, Bulgaria, pending customary regulatory approvals. Now, the companies are pleased to announce the successful completion of the transaction.

Integra Plastics AD operates a modern advanced mechanical recycling plant established in 2019, equipped with state-of-the-art machinery and an annual capacity exceeding 20,000 tons. The company specializes in transforming post-consumer waste into high-quality polyolefin recyclates suitable for various demanding applications.

This acquisition enhances Borealis' specialty and circular portfolio, enabling it to meet the increasing customer demand for sustainable solutions. By combining Integra Plastics' expertise and capacity in advanced mechanical recycling with Borealis' innovation leadership, the companies aim to significantly advance circularity in the plastics industry. This move also demonstrates Borealis' commitment to its EverMinds™ initiative, accelerating the transition to a truly circular economy.

"We are excited to announce the addition of Integra Plastics AD to our portfolio, furthering our progress on the circularity journey. This strengthens our ability to achieve our advanced mechanical recycling goals while helping our customers meet their sustainability objectives. It underscores our commitment to reinventing essentials for sustainable living," says Craig Arnold, Borealis Executive Vice President of Polyolefins, Circular Economy Solutions, Innovation & Technology.

"Borealis is a global leader in providing advanced and sustainable polyolefin solutions, as well as an innovative European leader in polyolefin recycling. I am pleased to see Integra Plastics' capacity and expertise contributing to Borealis' circularity efforts. I am confident that Borealis and Integra Plastics will experience future growth and innovation, offering a broader range of advanced mechanical recyclates to their customers," comments Julian Stefanov, CEO of Integra Plastics AD.

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