- Borealis increases its stake in Renasci to 50.01%.
- The investment aims to boost circular product volume to 600 kilotonnes by 2025 and 1.8 million tonnes by 2030.
- Renasci's Smart Chain Processing enables high valorisation of waste.
- Borcycle C offers ISCC PLUS-certified chemical recycling solutions.
Investment Details
Borealis has increased its financial investment in Renasci, acquiring a majority shareholding position of 50.01%. This move signals Borealis' ongoing commitment to advancing the circular economy.
Strategic Goals
The investment is a key component of Borealis' strategy to achieve ambitious circular goals, targeting a six-fold increase in the volume of circular products and solutions to 600 kilotonnes by 2025, and 1.8 million tonnes by 2030. The acquisition will provide Borealis with long-term access to chemically recycled feedstock from Renasci’s Ostend facility.
Technological Advancements
Renasci’s Smart Chain Processing (SCP) concept is unique in its ability to process multiple waste streams using different recycling technologies under one roof, resulting in exceptionally high valorisation of waste. Borealis plans to leverage its market access, know-how, and innovative technological capabilities to accelerate the implementation of the SCP concept and explore opportunities for replicating the model in strategic locations.
Product Portfolio
The controlling stake in Renasci will support Borealis in strengthening its Borcycle™ C range of product offerings by ensuring future supply security of chemically recycled feedstock. Borcycle C is a portfolio of transformational chemical recycling solutions with ISCC (International Sustainability & Carbon Certification) PLUS-certified content based on the mass balance approach. These solutions are suitable for all applications, including those subject to stringent quality and safety regulations such as healthcare and food packaging.
