Borealis: Acquisition of Bulgarian plastics recycler Integra Plastics

Integra Palstics AD aerial view - (Photo: Integra Plastics AD).

Borealis announces the signing of an agreement to acquire 100 percent of Integra Plastics AD, a Bulgarian advanced mechanical recycling company. The company further announces that this investment strengthens Borealis' advanced mechanical recycling portfolio with an additional annual production capacity of more than 20,000 tonnes. The closing of this transaction is subject to customary regulatory approvals.

Integra Plastics AD, based in Elin Pelin, Bulgaria, operates a modern state-of-the-art advanced mechanical recycling facility that was built in 2019. Integra Plastics is able to convert post-consumer waste into high-quality polyolefin recyclates suitable for demanding applications.

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"In line with the Borealis 2030 strategy, we are steadily progressing on our circular economy journey by reinventing essential resources for a sustainable life. The acquisition of Integra Plastics AD is an important further step in realising our ambitions in advanced mechanical recycling and supporting our customers in achieving their sustainability goals", says Lucrèce Foufopoulos, Borealis Executive Vice President Polyolefins, Circular Economy Solutions and Innovation & Technology.

More information: www.borealisgroup.com, integra-plastics.com

Borealis AG, Vienna, Austria