- Borealis transfers majority stake in Renasci to BlueAlp and acquires 10% of BlueAlp.
- Renasci uses BlueAlp's technology for a 20 kt p.a. scale-up plant.
- BlueAlp to lead Renasci's next development phase, enhancing chemical recycling.
- Collaboration aligns with EU's 2030 Packaging and Packaging Waste Regulation.
Partnership Overview
Borealis has formed a strategic partnership with BlueAlp, a chemical recycling technology leader based in Eindhoven, Netherlands. As part of the agreement, Borealis will transfer its majority stake in Renasci, a chemical recycling company in Ostend, Belgium, to BlueAlp. In return, Borealis will acquire a 10% stake in BlueAlp to support its growth and scale-up efforts.
Technological Advancements
Renasci has licensed BlueAlp's technology to develop a 20 kt per annum scale-up plant, which BlueAlp has engineered and supported. This transition from supporting operations to directly operating the asset is a strategic move for BlueAlp, aimed at accelerating technology innovation and strengthening its licensing proposition.
Future Developments
Following the agreement, BlueAlp will lead the next phase of Renasci's development, focusing on advancing chemical recycling capabilities. Borealis will continue to develop customer solutions based on chemically recycled feedstock, leveraging its market experience and materials expertise.
Regulatory Alignment
This collaboration is timely, as it helps both companies and their partners prepare for the EU's upcoming Packaging and Packaging Waste Regulation (PPWR) in 2030. The regulation is expected to increase demand for recycled materials suitable for contact-sensitive applications, such as food and cosmetics packaging.
