Industry News

Borealis Announced to Acquire mtm Plastics and mtm Compact

Europe: Borealis, one of the leading providers of innovative and novel solutions, which deals in base chemicals, polyolefin and fertilizer business has announced to acquire the mtm plastics, a plastic recycler. Mtm Plastics which based in Germany, is specialized in producing post-consumer polyolefin recyclates and recycling the post-consumer plastic waste. A great business opportunity within a broader sustainability agenda has been provided by plastic recycling in a developing market as disposal of plastics in landfills is too prized.

TechSci Research depicts that acquisition of the mtm plastics and mtm compact is expected to strengthen the business of Borealis by mechanically recycling the post-consumer waste and thereby tackling the major global challenges in the country. This would aid the company to reflect their dedicated and pro-active approach towards recycling of plastic wastes.

According to a recent report published by TechSci Research, “QatarPlasticizers Market By Type, By Application, Competition Forecast and Opportunities, 2011-2021”, market for plasticizers in Qatar is projected to growth at a CAGR of 9.75% during 2016 - 2021. Expanding packaging industry in the country is expected to augment demand for plasticizers from films & sheets industry in the coming years. In addition, increasing construction of modern structures involving use of PVC based flooring, roofing and wall covering, along with construction of stadiums for FIFA World Cup 2022, is expected to boost consumption of plasticizers in the construction sector through 2021. Demand for plasticizers from pipes & fittings industry is also expected to escalate due to increase in government expenditure on drainage systems in the urban & semi urban regions of Qatar.

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