Borealis plans to build a plant in Stenungsund, Sweden that will upgrade pyrolysis oil (py oil) produced from chemically recycling plastics, said the company.
Under a licence agreement, Borealis will use Axens's Rewind Mix process technology for the unit, Axens said. The company will provide the process design package as well as the proprietary equipment, catalysts and adsorbents. The plant could start operations in 2025, pending a final investment decision (FID), Axens said. It will have a capacity to process 50,000 tonnes/year of pyrolysis oil.
The purified py oil will resemble virgin material, which could then be processed in a cracker to make feedstock for plastics, Axens said. Axens said the upgrading unit is a key part of the proposed chemical recycling plant that Borealis could build in Stenungsund. Axens did not provide details about the chemical recycling plant. ”Borealis has set ambitious targets to create a circular economy for plastic, as a part of our sustainability journey,” said Anders Froberg, Borealis director of manufacturing excellence and transformation.
We remind, Borealis (Vienna), a leading producer of polyolefins, has delayed the start-up of a new, world-scale propane dehydrogenation (PDH) plant at its existing production site at Kallo, Belgium, which is the company's biggest investment in Europe, until Q3 2023, citing Covid-19. The plant in Kallo in the port of Antwerp was previously targeted to begin operations by the end of next year.
Borealis is owned by OMV AG and Mubadala Investment Co., the Abu Dhabi state investment company. Borealis is a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers. With headquarters in Vienna, Austria, Borealis currently employs around 6,500 and operates in over 120 countries.
mrchub.com