Borealis to acquire Rialti S.p.A., a leading European producer of recycled polypropylene compounds

• The investment will strengthen Borealis’ circular portfolio, in adding 50,000 tonnes of recycled compounding capacity and meeting growing customer demand for sustainable solutions 
• In the spirit of Borealis’ EverMinds™ commitment to accelerate the transition to a circular economy, this expansion marks another critical step

Borealis, one of the world’s leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilizers and the mechanical recycling of plastics, announces that it has signed an agreement to acquire Rialti S.p.A., an Italian polypropylene compounder and recycler. Closing of this transaction is subject to customary regulatory approvals. 

Based in the area of Varese, Italy, Rialti is one of the European market leaders specialized in production of sustainable polypropylene (PP) compounds with a focus on mechanically recycled PP feedstock from post-industrial and post-consumer waste. With over thirty years of experience, Rialti utilizes its annual capacity of 50,000 tonnes to make injection moulding and extrusion PP compounds with applications in different industries, including automotive, appliances and construction.

“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” says Lucrèce Foufopoulos, Borealis Executive Vice President Polyolefins, Innovation & Technology and Circular Economy Solutions.

About Borealis

Borealis is one of the world’s leading providers of advanced and sustainable polyolefin solutions and a European front-runner in polyolefins recycling. In Europe, we are a market leader in base chemicals and fertilizers. We leverage our polymer expertise and decades of experience to offer value adding, innovative and circular material solutions for key industries such as consumer products, energy, healthcare, infrastructure and mobility. In re-inventing essentials for sustainable living, we build on our commitment to safety, our people, innovation and technology, and performance excellence. We are accelerating the transformation to a circular economy of polyolefins and expanding our geographical footprint to better serve our customers around the globe. 

With head offices in Vienna, Austria, we employ 7,600 employees and operate in over 120 countries. In 2022, we generated a net profit of EUR 2.1 billion. OMV, the Austria-based international oil and gas company, owns 75% of our shares, while the remaining 25% is owned by Abu Dhabi National Oil Company, or ADNOC, based in the United Arab Emirates (UAE). We supply services and products to customers around the globe through Borealis and two important joint ventures: Borouge (with ADNOC, headquartered in the UAE); and Baystar™ (with TotalEnergies, based in the US). 

Source

Borealis, press release, 2023-06-30.

Supplier

Borealis Polyolefine AG

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