Sector News

Borealis secures chemically recycled feedstock for production of base chemicals and polyolefins 

June 19, 2021
Chemical Value Chain

Borealis Group AG (Vienna, Austria) has signed an agreement with Renasci Oostende Recycling NV to acquire the entire chemically recycled feedstock output from its high-tech recycling center in Oostende, Belgium. With the projected 20,000-ton/yr output delivered to Borealis, this agreement will enable Borealis to become one of the leading global suppliers of chemically recycled base chemicals and polyolefins. The portfolio of Borocycle C products enable the transformation of plastic waste into circular high-performance products and applications.

The waste feedstock processed at Renasci’s ISCC PLUS-certified recycling centre is derived from mainly dried household waste and some industrial waste. In a first step, the waste is sorted multiple times to extract the best value plastic material for mechanical recycling. The waste feedstock which cannot be mechanically recycled is then chemically recycled; this chemically-recycled feedstock will be subsequently processed in the Borealis steam crackers, initially at its production location in Porvoo, Finland. The Borealis Porvoo location’s recent ISCC Plus certification – the global standard for certified recycled and bio-based materials – enables mass balance production of renewable and chemically recycled products.

“Our agreement with Renasci is a welcome complement to the OMV ReOil chemical recycling project,” explains Martijn van Koten, Borealis Executive Vice President Base Chemicals and Operations. “Life demands progress. We notice a strong increase in demand for chemically recycled products. Borealis and OMV aim to increase supply of these more circular base chemicals and polyolefins in order to help our customers deliver on their own sustainability targets.”

“This agreement with Borealis will enable us to completely and truly close the circular loop on plastics,” comments Kristof Beuren, Renasci COO. “The challenge was to find an enclosing solution for this type of waste, and together we achieved it.”

By Mary Page Bailey

Source: chemengonline.com

comments closed

Related News

May 21, 2022

Sika opens new manufacturing plant in Bolivia 

Chemical Value Chain

Sika AG (Baar, Switzerland) has opened a new plant in Santa Cruz de la Sierra, thus doubling its production capacity for mortar and concrete admixtures in Bolivia. With this new facility in one of the country’s main industrial agglomerations, Sika is positioning itself for continued growth in the dynamic Bolivian construction market.

May 21, 2022

Chevron increases renewable fuel market share with REG acquisition

Chemical Value Chain

Chevron Corporation (NYSE: CVX) and Renewable Energy Group, Inc. (NASDAQ: REGI) (REG) announced on Monday a definitive agreement under which Chevron will acquire the outstanding shares of REG in an all-cash transaction valued at $3.15 billion, or $61.50 per share.

May 21, 2022

Lotte Chemical to invest $8 bn on hydrogen energy, battery materials by 2030

Chemical Value Chain

Lotte Chemical Corp. will invest 10 trillion won ($8 billion) on hydrogen and battery materials through 2030 to achieve annual revenue of 50 trillion won and carbon neutrality. The Korean chemical producer on Thursday unveiled its new corporate vision outlining key corporate strategies with focus on growth through hydrogen energy and battery materials businesses.