Borealis says it is “committed” to making the most of circular economy opportunities

Borealis says it is “committed to discovering and realising” the opportunities presented by the circular economy by committing to two industry initiatives.

The company, which provides of innovative solutions in the fields of polyolefins, base chemicals and fertilisers, says considering the challenging targets set by the European Commission, where 55 percent of plastic packaging waste must be prepared for re-use and recycling by 2025, a “business as usual” approach will not suffice.

In order to generate fresh approaches and close collaboration across the value chain, it has firstly participated in the creation and launch of the Polyolefin Circular Economy Platform (PCEP), which was launched in October 2016 by three plastics industry organisations: PlasticsEurope, European Plastic Converters and European Plastic Recyclers.

For the first time, the platform will create a multi-stakeholder group that will seek to identify the barriers and opportunities to increase Europe’s recycling and work towards ensuring the supply of high quality recycled plastics for the European market. The aim is to increase the resource efficiency of plastics, ensure their recovery and prevent any waste leaking into the marine environment. The PCEP will work to a five to ten-year time horizon, to deliver effective, science-based solutions. 

Secondly, to support the PCEP’s work, Borealis has become the first prime plastics producer to join the ‘New Plastics Economy’ initiative.

This project is led by the Ellen MacArthur Foundation and brings together a broad group of stakeholders, including companies, cities, philanthropists, policymakers, academics, students, NGOs and citizens. 

Over the next three years, the initiative intends to redesign the future of plastics, starting with packaging. It will drive collaboration across the value chain, guide innovation to create effective markets, mobilise ‘moonshot’ innovations, develop robust evidence to inform improvement and engage with stakeholders. 

“Borealis is committed to discovering and realising the opportunities presented by the circular economy, so we are pleased to be involved in both the PCEP and the New Plastics Economy,” explained Alfred Stern, Borealis Executive Vice President Polyolefins and Innovation and Technology.

“These initiatives will play an important role in bringing all stakeholders to work together to overcome the barriers to implementing a circular economy and achieve the European Commission’s 2025 target.”