Austrian chemicals and mechanical recycling firm Borealis has agreed to buy Italian PP recycler Rialti.
Subject to regulatory approval, Borealis will acquire an annual capacity of 50,000 tonnes to make injection moulding and extrusion PP compounds with applications in different industries. These include automotive, appliances and construction.
Rialti is based in Varese in Italy.
Borealis executive vice president polyolefins, innovation & technology and circular economy solutions Lucrèce Foufopoulos said: “During the past decade we’ve made steady progress in our circularity journey.
“The addition of Rialti to our portfolio will expand our circular offering and strengthen our ability to serve our customers in meeting their sustainability ambitions. As such we continue reinventing essentials for sustainable living.”
