Sector News

Borealis to gain International Sustainability & Carbon Certification (ISCC PLUS) for all its European polyolefin production sites

December 6, 2020
Energy & Chemical Value Chain

Borealis has gained ISCC Plus Certification for its Porvoo (Finland), Schwechat (Austria), Kallo and Beringer (Belgium) polyolefin (PO) production sites, and is aiming to have its sites at Stenungsund (Sweden) and Burghausen (Germany) certified by the first quarter of 2021. Borealis’ Porvoo location, is the latest site to gain this certification. A certification audit was completed at Stenungsund this October, and there is one planned for certification at Burghausen later this year.

A global standard for recycled and bio-based materials, ISCC PLUS provides traceability along the supply chain, verifying companies to meet specific environmental and social standards, creating a chain of custody. This enables Borealis to certify its mass balanced production of renewable feedstock, as well as chemically recycled feedstock, with a mass balance approach crucial to transitioning towards a more circular economy of the chemical industry. It is a development that puts into practice the aims of Borealis’ platform, which is committed to moving from a linear to circular economy through innovation and collaboration.

ISCC PLUS certification also enables Borealis to produce and offer renewable PO – range of circular products – and renewable hydrocarbons, such as ethylene, propylene, C4s, and acetone, to the market for the first time. And as a result of certifying each of its production sites, Borealis can progress with its large pipeline of projects to drive the transition to a circular economy: supplier contracts can be finalised, and customer contracts for feedstock explored. This is another step in implementing the pledges Borealis made to stakeholders that by 2025 100% of the consumer products and solutions shall be made of recyclable, reusable or with renewable content.

To accelerate the transition towards a circular economy, it is essential that customers, brand owners, and other parts of the supply chain, also look to adopt ISCC PLUS certification. The chain of custody it enables is the best way to provide the market with sustainable products, and the potential of this approach is dependent on industry-wide collaboration. To gain certification, Borealis set up a dedicated team to ensure the necessary processes and procedures were implemented at site locations and at group level.

“By gaining ISCC PLUS certification across all our PO production sites in Europe, we are making great strides towards implementing our sustainability strategy and transitioning towards a more circular economy.” says Lucrèce Foufopoulos, Executive Vice President Polyolefins, Circular Economy Solutions and Innovation & Technology. “Life demands progress. As the leading scheme to secure sustainability throughout the value chain, supporting the mass balance approach, ISCC PLUS certification is essential in enabling this transition. It’s the latest way in which Borealis is reinventing for more sustainable living.”

by Borealis, Press Release

Source: borealis.com

comments closed

Related News

July 14, 2024

Europe ethylene spot prices turn firmer on demand, feedstock, looming cracker turnarounds

Energy & Chemical Value Chain

European ethylene spot prices have firmed week on week on the back of better-than-expected demand amid higher feedstock values and an increasing focus on upcoming planned cracker maintenance outages. Spot deals this week have been reported at discounts of 32-35% on the pipeline, prior deals had been at discounts of around 38-39%.

July 14, 2024

Marcel Imwinkelried appointed new Siegfried CEO

Energy & Chemical Value Chain

He will succeed Reto Suter, who has led the Siegfried Group as CEO ad interim since the departure of Wolfgang Wienand on May 1, 2024. Suter will now focus on his role as Chief Financial Officer for Siegfried. Wienand will become CEO of Swiss competitor Lonza.

July 14, 2024

Honeywell acquires Air Products’ LNG technology, business for $1.8B

Energy & Chemical Value Chain

Honeywell Inc. (Charlotte, North Carolina) has reached agreement to acquire Air Products’ (Leigh Valley, Pennsylvania) liquefied natural gas process technology and equipment business for $1.81 billion. The deal is expected to close before the end of the year. The price represents a multiple of 13 times the unit’s estimated 2024 EBITDA.

How can we help you?

We're easy to reach