Vienna-headquartered polyolefin fibres and plastics leader Borealis has entered into a strategic partnership with BlueAlp, a chemical recycling technology company headquartered in Eindhoven, the Netherlands.

The partnership will see Borealis transfer its majority share in Renasci, a chemical recycling company based in Ostend, Belgium, to BlueAlp, while acquiring a 10% share in BlueAlp to support its future growth and scale-up.

Renasci licensed BlueAlp’s technology to create a 20,000 ton-per-annum scale-up plant, which BlueAlp engineered, constructed, and has supported throughout its operation in recent years. Moving from supporting operations to directly operating the asset is a logical next step in BlueAlp’s growth. This will establish a robust platform for producing high-quality circular feedstock and further strengthen BlueAlp’s licensing proposition.

Since investing in Renasci, Borealis has led the development to become one of the few operating chemical recycling plants in Europe. Following this new agreement, BlueAlp will lead the next phase of development and further advancement of Renasci, while Borealis continues to develop solutions based on chemically-recycled feedstock.

“This collaboration will help customers and partners across the value chain to prepare for the EU’s upcoming Packaging and Packaging Waste Regulation (PPWR) in 2030, which is expected to increase demand for recycled materials suitable for contact-sensitive applications like food and cosmetics packaging,” says BlueAlp CEO Valentijn de Neve.

“The deepening of our partnership with BlueAlp, combining assets and technology, will accelerate progress in chemical recycling for the industry,” adds Stefan Doboczky, Borealis CEO. “It will allow Borealis to serve our customer base with an ever-broadening range of polymers based on chemically recycled feedstocks.”

www.borealisgroup.com

www.bluealp.nl