Polyolefin manufacturer Borealis has teamed up with the environmental and material recovery experts of the Reclay Group, the company has announced, said Sustainableplastics.
Together, the two have now launched Recelerate GmbH, an initiative designed to re-examine and streamline the process involved in the recycling of lightweight packaging recycling, ultimately with the goal of ensuring more post-consumer lightweight packaging (LWP) is sorted and recycled into high quality materials.
The companies came together in response to rising market demand for high-quality recyclates for use in high-end plastic applications and the need boost the output of these recyclates from current operations. Recelerate is envisioned as playing a critical connector role in the plastic value chain, connecting downstream and upstream expertise to rethink how LWP waste is managed, sorted, processed, and recycled.
The combination of Borealis’ available recycling expertise - the company has developed a proprietary technology dubbed Borcycle - and Reclay Group’s strength in the area of extended producer responsibility schemes (EPR) will enable a macro view approach to identify opportunities to add value and invest where it matters, to ensure more and more plastic waste from LWP is able to stay within the value chain.
As Raffael Fruscio, owner and managing director of the Reclay Group pointed out: “This is an important moment to build on existing strengths and get some momentum in creating smart, successful, sustainable models that more and more businesses, regions and communities can benefit from. Together we will ensure that valuable material is kept in the cycle.” Both Borealis and Reclay anticipate significant benefits from the partnership.
For Reclay, Recelerate will help grow the reach, scale and impact of EPR; for Borealis, it will open up supply of post-consumer plastic waste to be recycled with its Borcycle recycling technology; for customers and consumers, it means greater access to high quality recycled materials. Recelerate will connect critical partners in the plastic value chain; closing the gap, and accelerating the growth and scaling of circular plastics.
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.
As per MRC, Adnoc and Mubadala Mubadala announced a strategic transaction involving Borealis, one of Europe’s leading petrochemical companies. Under this agreement, Adnoc will acquire a 25% shareholding in Borealis from Mubadala. Upon completion of the transaction, which is subject to customary closing conditions and regulatory approvals, Borealis will be owned 25% by Adnoc and 75% by OMV, an Austrian multi-national integrated oil, gas and petrochemical company listed on the Vienna Stock Exchange.
mrchub.com