Borealis acquire German plastics recycler mtm plastics

Borealis to acquire German plastics recycler mtm plastics

6:51 AM, 3rd June 2016
Borealis to acquire German plastics recycler mtm plastics

VIENNA, AUSTRIA: Borealis AG has signed an agreement to fully acquire the German plastics recycler mtm plastics GmbH.

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,” said Alfred Stern, executive VP for polyolefins and innovation & technology, Borealis.

“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,” added Stern.

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