Home Latest News & Insights BOREALIS BUYS MAJORITY STAKE RENASCI

BOREALIS BUYS MAJORITY STAKE RENASCI

January 13, 2023

Borealis buys majority stake in Renasci, boosting its commitment to a circular economy.

The company bought a stake in Renasci of 10% in 2021 and it has now increased it to 50.01%.

The acquisition is part of Borealis’ plan to reach circular goals. The company targets a “six-fold increase in the volume of circular products and solutions to 600 kilotonnes by 2025, rising to 1.8 million tonnes by 2030.”

Rensaci, a Belgium-based company, recovers resources from waste streams and diverts them back into the production cycle.

Borealis produces and supplies a variety of chemical products including polyolefins, base chemicals, and fertilizers.

Circular economy actively promotes the sustainable use of resources by designing out waste and pollution. A circular economy keeps products and materials in use, and regenerating natural systems.

Recycled plastics provide sustainable alternatives for various applications such as packaging, textiles, construction, automotive parts and consumer goods.