Borealis pens an agreement for the acquisition of Integra Plastics AD
Borealis, a leading name in the industry, has recently taken a significant step forward in its sustainability efforts by signing an agreement to acquire Integra Plastics AD, a Bulgarian company known for its expertise in advanced mechanical recycling. This acquisition, pending customary regulatory approvals, will see Borealis taking over 100% stake in Integra Plastics.
Located in Elin Pelin, Bulgaria, Integra Plastics operates a state-of-the-art advanced mechanical recycling facility established in 2019. This plant is equipped with cutting-edge technology, enabling the transformation of post-consumer waste into high-quality polyolefin recyclates. These recyclates are particularly suited for demanding applications, marking a notable advancement in recycling technology.
The integration of Integra Plastics into Borealis' operations is set to significantly bolster their advanced mechanical recycling portfolio. It adds over 20,000 tons of recycling capacity, a move that is in direct response to the increasing customer demand for sustainable solutions. This transaction is a clear indication of Borealis' commitment to their EverMinds™ initiative, which is focused on accelerating the transition to a circular economy.
Lucrèce Foufopoulos, Borealis' Executive Vice President for Polyolefins, Circular Economy Solutions, and Innovation & Technology, remarked on the acquisition's alignment with Borealis' Strategy 2030. He noted that this addition is a critical step in their ongoing journey towards circularity and in reinventing essentials for sustainable living. He emphasized that with Integra Plastics now part of their portfolio, Borealis is better positioned to fulfill its ambition in advanced mechanical recycling and to assist its customers in achieving their sustainability goals.
According to the article by Procurement Resource, Borealis has announced its acquisition of Integra Plastics AD, a Bulgarian leader in advanced mechanical recycling, enhancing its sustainability initiatives. This strategic move, subject to regulatory approvals, strengthens Borealis' recycling capacity by over 20,000 tons, aligning with its EverMinds™ commitment to the circular economy. The acquisition supports Borealis’ Strategy 2030, aimed at advancing circularity and meeting increasing demand for sustainable solutions.