World-leading chemical, polyolefin and fertiliser giant Borealis has announced it has struck a deal to acquire German plastics recycling technology champion mtm plastics GmbH and mtm compact GmbH.
Based in Niedergebra, central Germany, mtm 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 landfill,” said Alfred Stern, Borealis Executive Vice-President Polyolefins and Innovation & Technology Plastic, “Recycling provides a circular business opportunity in a growing market within a broader sustainability agenda.
“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 and is the latest in a string of high-profile takeovers by Borealis in recent years, including its purchasing of Specialty Polymers Antwerp in 2014 and its 77 per cent takeover of Rosier in 2013.
By Rose Brooke
International Chemical Investors Group (ICIG) has entered exclusive negotiations with Nippon Soda and made what it said is a “firm and binding offer” to acquire the Japanese group’s offshoot Métaux Spéciaux (MSSA), a sodium metal specialist.
Aligning with the SC’s key initiatives on responsible plastic recycling, Coca‑Cola Middle East’s pilot of 100% rPET bottles marks the first time the packaging will be in circulation at a FIFA World Cup tournament and serves as Coca‑Cola’s debut in locally producing the bottles in the region.
Through the transaction, Neste is acquiring a leading UCO collection and recycling business on the US West Coast, covering the collection, logistics and storage of UCO in California, Oregon and Washington. Together with the previous acquisitions (…) the transaction continues to enhance Neste’s global raw materials sourcing platform.