BOREALIS TO ACQUIRE INTEGRA PLASTICS AD, AN ADVANCED MECHANICAL RECYCLING PLAYER BASED IN BULGARIA
- 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.
About Borealis
Borealis is one of the world’s leading providers of advanced and sustainable polyolefin solutions. In Europe, Borealis is also an innovative leader in polyolefins recycling and a major producer of base chemicals. We leverage our polymer expertise and decades of experience to offer value-adding, innovative and circular material solutions for key industries such as consumer products, energy, healthcare, infrastructure and mobility.
With operations in over 120 countries and head offices in Vienna, Austria, Borealis employs around 6,000 people. In 2022, we generated a net profit of EUR 2.1 billion. OMV, the Austria-based international energy, fuels & feedstock and chemicals & materials company, owns 75 % of our shares. The Abu Dhabi National Oil Company (ADNOC), based in the United Arab Emirates (UAE), owns the remaining 25 %.
In re-inventing essentials for sustainable living, we build on our commitment to safety, our people, innovation and technology, and performance excellence. We are accelerating the transformation to a circular economy of polyolefins and expanding our geographical footprint to better serve our customers around the globe. Our operations are augmented by two important joint ventures: Borouge (with ADNOC, headquartered in the UAE); and Baystar (with TotalEnergies, based in the US).
www.borealisgroup.com | www.borealiseverminds.com
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