Borealis to acquire Integra Plastics AD, an advanced mechanical recycling player based in Bulgaria
Photo: Integra Plastics AD aerial view
© Integra Plastics AD
- 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
- The transaction is part of Borealis’ EverMinds™commitment to accelerate the transition to a circular economy and represents another critical proof point of that ambition
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.
This media release is also available in German language.