Borealis expands circularity portfolio with purchase Rialti S.p.A

Iranpolymer/ Baspar  With the announcement that it is acquiring Rialti, one of Europe’s leading producers of mechanically recycled polypropylene (PP) compounds for injection moulding and extrusion, Borealis is once again demonstrating that it is serious about the transition to a circular economy.

Tangible evidence of this commitment first came in 2016, when the company became the first raw materials producer to venture into the recycling arena with the acquisition of mechanical recycler mtm plastics. This was followed in 2018 with the purchase of Ecoplast.
The present investment will add 50,000 tonnes of recycled compounding capacity to Borealis’ circular portfolio, allowing the company to continue to meet growing customer demand for sustainable solutions.
It also marks the company’s commitment to the EverMinds platform – Borealis’ dedicated platform uniting the wide range of Borealis activities and initiatives aimed at making plastics more circular.
Based in the area of Varese, Italy, Rialti has been active in recycling for over thirty years. The company focusses on the production of polypropylene (PP) compounds based on mechanically recycled PP feedstock from post-industrial and post-consumer waste for applications in various industries, including automotive, appliances and construction.

“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.
Closing of this transaction is subject to customary regulatory approvals.

Borealis is headquartered in Vienna, Austria. The company employs 7,600 employees and operates in over 120 countries. 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). The company launched its EverMinds platform is 2018 as a ‘platform to help unlock progress’ and accelerate the transition to a circular economy and to ‘open and expand minds on plastic circularity’.

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