Integra Plastics AD Acquisition Adds to Borealis' Advanced Mechanical Recycling Capacity

On November 29, 2023, Borealis made public its agreement to procure a 100% stake in Integra Plastics AD, a prominent player in advanced mechanical recycling headquartered in Elin Pelin, Bulgaria, subject to customary regulatory approvals. Today marks the announcement of the successful finalization of the transaction between the two companies.

Operating since 2019, Integra Plastics AD boasts a contemporary advanced mechanical recycling facility equipped with state-of-the-art machinery, boasting an annual production capacity exceeding 20,000 tons. With the capability to convert post-consumer waste into premium-quality polyolefin recyclates suitable for demanding applications, Integra Plastics AD significantly enhances Borealis' specialty and circular portfolio, empowering the company to cater to the burgeoning customer demand for sustainable solutions.

By amalgamating Integra Plastics' expertise and capacity in advanced mechanical recycling with Borealis' renowned know-how and leadership in innovation, this acquisition serves as a crucial step forward in promoting circularity within the plastics industry. Furthermore, it serves as yet another manifestation of Borealis' commitment to advancing a truly circular economy through its EverMinds™ initiative.

Craig Arnold, Borealis Executive Vice President of Polyolefins, Circular Economy Solutions, Innovation & Technology, expresses excitement about the continued progress on their circularity journey with the addition of Integra Plastics AD to their portfolio. He highlights how this move strengthens their capacity to fulfill their aspirations in advanced mechanical recycling while also assisting customers in achieving their sustainability objectives. Arnold underscores that this development underscores their commitment to reinventing essentials for sustainable living.

Julian Stefanov, CEO of Integra Plastics AD, expresses satisfaction in witnessing Integra Plastics' capacity and expertise contributing to Borealis' efforts to further advance circularity. He expresses confidence in the future prospects of Borealis and Integra Plastics, foreseeing a path of growth and innovation as they expand their offerings of advanced mechanical recyclates to their clientele.

Borealis stands as a leading global provider of advanced and sustainable polyolefin solutions, recognized for its innovative leadership in polyolefins recycling and significant production of base chemicals, particularly within the European market. Renowned for pioneering chemical and polyolefin solutions, Borealis has cemented its reputation as a trusted partner and global brand committed to delivering enhanced value for its customers and collaborators through the development of innovative approaches, technologies, and products across various industries.

With a firm belief in progress, Borealis continually explores new applications and material solutions to tackle pressing global challenges in crucial sectors such as climate, energy, food, health, water and sanitation, as well as waste and recycling solutions. Headquartered in Vienna, Austria, Borealis operates with a workforce of approximately 6,000 employees and extends its reach across more than 120 countries.

Borealis is majority-owned by OMV, a comprehensive energy, fuels, feedstock, and chemicals company headquartered in Vienna, Austria, with a 75% stake. The remaining 25% ownership rests with Abu Dhabi National Oil Company (ADNOC) based in the United Arab Emirates (UAE). This strategic partnership underscores Borealis' position as a key player in the global chemicals and materials industry, poised to drive innovation and sustainable solutions worldwide.