Borealis, which the leading European manufacturer of polyethylene (PE) and polypropylene (PP) has signed an agreement to acquire 100% stake in German refiner secondary plastics – mtm plastics GmbH, reported the press-service companies.

This transaction is subject to approval by regulatory authorities.

Located in the German city Niedergebra (Niedergebra), the company mtm plastics GmbH is a technology leader in the recycling of mixed plastic waste and one of Europe’s largest manufacturers of materials from recycled polyolefin material.

Executive Vice President, Polyolefin and innovation and Borealis Technology Alfred Stern (Alfred Stern) said: “Plastics are too valuable to throw them to the dustbin Recycling plastics provides business closed loop great opportunities in a growing market as part of a broader plan of action in the field. sustainable development. The acquisition of mtm plastics mtm compact and will be carried out in accordance with the company’s strategy for the introduction of specific and innovative solutions in the conditions of competition in world markets. “

As reported by the MRC in September 2014 Borealis completed the acquisition of 67% stake in the Belgian American DuPont Performance Polymers plant Speciality Polymers Antwerp N.V., which is located in Antwerp. Earlier Speciality Polymers Antwerp company was a joint venture between DuPont Holding Netherlands (67%) and subsidiaries Borealis (Borealis Polymers and Borealis Kaloo), which together owned 33%. Under the agreement, DuPont continues to deliver on the market EVA (EVA) and copolymers of acrylic acid ester, and Borealis delivers DuPont EVA and copolymers of acrylic acid ester, manufactured at the company’s plant Antwerp Speciality Polymers Antwerp.

The company Borealis is headquartered in Vienna, is a leading producer of polyolefins, base chemicals and fertilizers. Its sales in 2015 amounted to USD7,7 billion. Borealis is the majority shareholder of the Saudi state International Petroleum Investment (IPIC), which also owns the North American producer of ethylene and polyethylene NOVA Chemicals and the Middle East petrochemical company Borouge.