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
Source: EPPM
PepsiCo Europe and crop nutrition company Yara have announced a long-term partnership aimed at providing European farmers with low-carbon crop nutrition solutions to help decarbonise the food value chain. Under the agreement, Yara will supply PepsiCo with up to 165,000 tons of fertiliser per year by 2030, covering around 25% of the food and beverage giant’s crop fertiliser needs across Europe.
BASF has signed an agreement to sell its flocculants business for mining applications to Solenis, a specialty chemicals manufacturer. The divestment of the flocculants business to Solenis is part of BASF’s ongoing portfolio optimisation with the aim of focusing on strategic core areas.
ADAMA Ltd. a leading crop protection company, announced that its board of directors has appointed Gaël Hili as its President and Chief Executive Officer, effective October 1, 2024. Hili will join the Syngenta Group Leadership Team and will be based in Tel Aviv.
