Borealis AG has inaugurated a €15m investment project in mtm plastics GmbH, its fully-owned recycling subsidiary in Germany.
The Austrian supplier of chemicals and polyolefins said the project has now increased the overall input processing capacity from 60 to 80 kilotonnes and includes upgrading existing equipment.
In addition to the capacity expansion, which started last autumn, the investment is also addressing quality with the aim to develop products tailored for the “high-end" market for 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,” said Borealis designated CEO, Alfred Stern.
Based in Niedergebra, Germany, mtm plastics GmbH is specialised in the recycling of mixed post-consumer plastic waste and is one of Europe's largest producers of post-consumer polyolefin recyclates.
Borealis, which acquired the German recycler two years ago, is planning an additional €2.5m expansion this year, in environmental protection and capacity expansion of mtm compact, a sister company in Fürstenwalde, Germany.