Borealis, a provider of innovative solutions in the fields of polyolefins, basic chemicals and fertilizers, has fully acquired the Austrian plastics recycling company Ecoplast Kunststoffrecycling GmbH ("Ecoplast").
Borealis' expectation is that the recycled PO market will grow substantially by 2021, which is the strategic rationale behind the acquisition. The company has made PO recycling a key element of its overall OP strategy due to its potential to support growth and sustainability. Borealis has been an industry leader in the manufacture of more circular polyolefins. In 2014, it began offering high-end composite solutions for the automotive industry, consisting of 25% and 50% post-consumer recycled content. Borealis was also the first virgin PO producer to explore mechanical recycling possibilities, acquiring in July 2016 one of the largest European producers of post-consumer polyolefin recyclates, mtm plastics GmbH and mtm compact GmbH. Since then, it has continued to invest in the development of technology and new products in the area of circular polyolefins.