Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers, announces today that it has an agreement to fully acquire the German plastics recycler mtm plastics GmbH and mtm compact GmbH. This transaction is subject to regulatory approvals.

Based in Niedergebra, Germany, mtm plastics GmbH 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.

"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," explains 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."

Source : borealisgroup.com