Borealis, a provider of solutions in the fields of polyolefins, base chemicals and fertilisers, announces that it has signed an agreement for the acquisition of 100 per cent of the shares in Austrian plastics recycler, Ecoplast Kunststoffrecycling (“Ecoplast”).
Based in Wildon, Austria, this transaction is subject to regulatory approvals.
Ecoplast processes around 35 000 tonnes of post-consumer plastic waste from households and industrial consumers every year, turning them into high-quality LDPE and HDPE recyclates, primarily but not exclusively for the plastic film market.
Alfred Stern, Borealis Chief Executive, said: “It is a logical next step for us to expand our mechanical recycling capabilities, which are key to our sustainability and circular economy efforts. Borealis wants to be a provider for circular economy plastic solutions and we see Ecoplast as an important complement to mtm in Germany."
