The chemicals and plastics group Borealis has signed an agreement to fully take over the Bulgarian recycling company Integra Plastics AD. "The investment will strengthen Borealis’ advanced mechanical recycling portfolio, adding more than 20,000 tonnes of recycling capacity and supporting growing customer demand for sustainable solutions", the company announced on Wednesday. The purchase price was not disclosed.
Integra Plastics AD is based in Elin Pelin near Sofia in central western Bulgaria. The company operates a "modern advanced mechanical recycling plant built in 2019 with state-of-the-art equipment" and "has the ability to transform post-consumer waste into high quality polyolefin recyclates suitable for demanding applications", Borealis said.
According to its own account, Integra Plastics has an annual capacity of 30,000 tonnes and focuses on producing high-quality recycled HDPE, LDPE and polypropylene. The company's recycling process includes pre-sorting, optical sorting, washing, drying and extrusion.
The take-over is still subject to customary regulatory approvals. Borealis described the transaction as part of its "Ever Minds" commitment to accelerate the transition to a circular economy and as "another critical proof point of that ambition". 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,” said Lucrèce Foufopoulos, Borealis Executive Vice President Polyolefins, Circular Economy Solutions and Innovation & Technology.