Borealis acquires Integra Plastics AD

Borealis, a base chemicals producer and polyolefins recycler based in Vienna, has closed the acquisition of Integra Plastics AD, a Bulgaria-based recycler of low-density polyethylene, high-density polyethylene and polypropylene, adding more than 20,000 tons of recycling capacity per year. The purchase was announced Nov. 29, 2023.

Integra Plastics AD operates what Borealis describes as “a modern advanced mechanical recycling plant” that was built in 2019.

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“We are thrilled to announce that we continue making steady progress on our circularity journey by adding Integra Plastics AD to our portfolio,” says Craig Arnold, Borealis executive vice president of polyolefins, circular economy solutions and innovation and technology. “This move strengthens our ability to deliver on our advanced mechanical recycling ambition and simultaneously enables our customers to meet their sustainability targets. A true testament to the fact that we are reinventing essentials for sustainable living.”

The acquisition strengthens Borealis’ specialty and circular plastics portfolio, enabling it to meet growing customer demand for more sustainable solutions, according to the company. Combining Integra Plastics’ expertise and capacity in recycling with Borealis’ know-how and innovation leadership, will advance circularity in the plastics industry, the companies say.

“Borealis is one of the world’s leading providers of advanced and sustainable polyolefin solutions and an innovative European leader in polyolefin recycling," Integra CEO Julian Stefanov says. "I am pleased to see Integra Plastics’ capacity and expertise contributing to Borealis’ goal of further advancing circularity.”