Borealis inaugurates EUR 15 million investment project mtm plastics GmbH
Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers, announces the inauguration of a EUR 15 million investment project in mtm plastics GmbH. Based in Niedergebra, Germany, mtm plastics GmbH 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. An additional 2.5 million euros will be invested this year in environmental protection and capacity expansion of mtm compact, the sister company in Fürstenwalde. Borealis fully acquired the German plastics recyclers mtm plastics GmbH and mtm compact GmbH in July 2016.
The investment project brings the overall input processing capacity from 60 to 80 Kt and includes partly the expansion of existing equipment. Besides the capacity increase, the investment aims at improving the capability to address the needs of the high-end market of re-granulates.
“This investment in our mechanical recycling capabilities at mtm is key in realising our growth ambitions in the circular economy and it underlines our continuing commitment to mtm. We need stepwise expansion projects to minimise down time, but also need to maintain existing facilities and business,” said Borealis designated CEO, Alfred Stern.
Categories
Countries
Companies
Latest news
Galp has taken the final Investment Decision on Green Hydrogen and HVO/SAF projects at its Sines refinery, Portugal
The projects include a 270 ktpa advanced biofuels unit, in partnership with Mitsui, and 100 MW of electrolysers for the production of green hydrogen. Both units are expected to have its first start...
Circular Economy: TotalEnergies to Build a New Plastic Recycling Unit at the Grandpuits Zero-Crude Platform, France
The new unit should enter service in 2026 and produce 30,000 tons a year of high value-added compounds containing up to 50% recycled plastic material.
Air Liquide takes a further step in developing the hydrogen sector at Port-Jérôme, France
investment of over 400 million euros to build its Normand’Hy electrolyzer to contribute to the decarbonization of the Normandy industrial basin and mobility signature of an agreement with TotalEner...
Vertimass EMEA Signs Agreement to Acquire European Renewable Fuel Company Ekobenz in Kleszczów, Poland
The acquisition will bring together companies with complementary technological capabilities, an existing production plant and customer relationships, making Vertimass one of the leading renewable f...