“Borealis believes to shape a better, CO₂ neutral way, we need to gradually shift from fossil-based feedstocks to renewable feedstock alternatives. Our circular cascade model is our integrated circular approach to make plastic and carbon circularity a reality. By using a full-suite of carefully chosen technologies in a complementary and cascading way to achieve circularity, we aim to give plastic products multiple lifetimes in the most eco-efficient way possible.”
Motivation
Borealis is committed to the transition towards a climate neutral and circular economy. An essential part of the transition is to decrease the carbon footprint of our products as well as the reliance on fossil resources.
With our Bornewables™ portfolio, Borealis is supplying renewable polypropylene (PP) and polyethylene (PE) produced from renewable waste and residue streams. This opens up infinite opportunities where achieving sustainability goes hand in hand with quality and performance, also for demanding high-performance polyolefin qualities in a variety of industries.
Essential parts of our Circular business beyond renewables include Reuse models, design for recycling, mechanical and advanced mechanical recycling, chemical recycling and using carbon emissions in the future as a feedstock for our olefins and polyolefins to close the loop completely.
We believe that global sustainability goals will only be achievable in partnership across industries and value chains with the right regulatory framework to support us along the way. We as an industry need to accelerate our transition and work together to conduct research, share facts, continuously learn, ensure consistent messaging and promote the right environment to nurture the responsible renewable carbon business. As part of RCI we intend to actively work together with like-minded partners and take significant steps to achieve those goals.
Company Profile
Borealis is one of the world’s leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilizers and the mechanical recycling of plastics. We leverage our polymers expertise and decades of experience to offer value adding, innovative and circular material solutions for key industries. In re-inventing for more sustainable living, we build on our commitment to safety, our people and excellence as we accelerate the transformation to a circular economy and expand our geographical footprint.
With head offices in Vienna, Austria, Borealis employs 6,900 employees and operates in over 120 countries. In 2021, Borealis generated total sales and other income of EUR 10,153 million and a net profit of EUR 1,396 million. OMV, the Austria-based international oil and gas company, owns 75% of Borealis, while the remaining 25% is owned by a holding company of the Abu-Dhabi based Mubadala. We supply services and products to customers around the globe through Borealis and two important joint ventures: Borouge (with the Abu Dhabi National Oil Company, or ADNOC, based in UAE); and Baystar™ (with TotalEnergies, based in the US)