Through our portfolio assets Borealis and NOVA Chemicals, we are embracing technology disruption and using this as a catalyst to inspire innovation in the production of petrochemicals products. As responsible investors in the polyethylene and polypropylene space, they have managed to create products that are lighter and more easily recyclable.
Both companies operate innovations centers in multiple locations, where they work in partnership with their customers ― the manufacturers who use the companies’ material ― to test and tailor complex materials that fit with the increasing demands of the market.
As a global market leader, Borealis has also recognized the responsibility of minimizing the effect of poor waste management of plastics and the harmful impact this can have on the environment. In response, Borealis has successfully introduced several initiatives to tackle this issue head-on by investing in more recycling plants.
In June 2018, Borealis announced a €15 million Euro investment project in mtmc plastics GmbH, the German technology leader in the recycling of mixed post-consumer plastic waster and one of Europe’s largest producers of post-consumer polyolefin recyclates.
Borealis has also co-founded Project STOP, an initiative that aims to stop plastic waster from leaking into the environment and ultimately drive resource efficiency through a circular economy of plastics in South East Asia. Borouge and NOVA Chemicals have also joined the program.