Borealis has announced the launch of a €15 million (approximately £14.1 million) investment project in mtm plastics.
Borealis says German based, mtm plastics is regarded as a technology leader in the recycling of mixed post-consumer plastic waste and as one of Europe's largest producers of post-consumer polyolefin recyclates.
An additional €2.5 million (approximately £2.2 million) will be invested this year in environmental protection and capacity expansion of mtm compact, the sister company in Fürstenwalde.
The investment project brings the overall input processing capacity from 60 to 80 Kt and includes partly the expansion of existing equipment.
Besides the capacity increase, the investment aims at improving the capability to address the needs of the high-end market of re-granulates.
Alfred Stern, Borealis designated CEO, said: “This investment in our mechanical recycling capabilities at mtm is key in realising our growth ambitions in the circular economy and it underlines our continuing commitment to mtm. We need stepwise expansion projects to minimise down time, but also need to maintain existing facilities and business.”
Borealis fully acquired the German plastics recyclers mtm plastics and mtm compact in July 2016.
