Sector News

Borealis to acquire German recycling tech leader mtm

June 3, 2016
Energy & Chemical Value Chain

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

comments closed

Related News

February 17, 2024

INEOS Inovyn launches Ultra Low Carbon Chlor-Alkali range

Energy & Chemical Value Chain

INEOS Inovyn announces a new Ultra Low Carbon range (ULC) of Chlor-Alkali products that reduce the carbon footprint of caustic soda, caustic potash and chlorine by up to 70% compared to industry averages. The new range uses renewable energy sources to power INEOS Inovyn manufacturing sites.

February 17, 2024

Solvay completes coal phase-out at Wyoming soda ash plant

Energy & Chemical Value Chain

Solvay operates seven soda ash plants worldwide. Beyond Green River, coal is being phased out at two of the company’s plants in France and Germany. By the end of 2024, the Rheinberg, Germany site will become the first soda ash plant in the world to be powered primarily with renewable energy.

February 17, 2024

Chemours names new board member

Energy & Chemical Value Chain

The Chemours Company has named Pamela Fletcher to its board of directors, effective March 1. Fletcher, formerly the chief sustainability officer at Delta Air Lines Inc., takes the seat of Sandra Phillips Rogers, who has opted not to stand for reelection to the company’s board.

How can we help you?

We're easy to reach