Borealis, a provider of polyolefin, base chemical and fertilizer solutions, has announced that it is set to acquire German plastics recycler mtm plastics and mtm compact.
Acquisition
Borealis will acquire German plastics recycler mtm plastics and mtm compact.
Based in Niedergebra, Germany, mtm plastics is a technology specialist in the recycling of mixed post-consumer plastic waste and a producer of post-consumer polyolefin recyclates.
“Plastics are simply too valuable to be disposed of in landfills. Plastic recycling provides a circular business opportunity in a growing market within a broader sustainability agenda,” explained Alfred Stern, Borealis Executive Vice President, Polyolefins and Innovation & Technology.
“There are many areas in which mechanical recycling of post-consumer waste make business and ecological sense. The acquisition of mtm plastics and mtm compact reflects our pro-active and dedicated ‘keep discovering’ approach to provide specific and innovative solutions in tackling core global challenges.”
The transaction is subject to regulatory approvals.