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Recently, Austrian Borealis said that the company plans to significantly increase the production capacity of recycled products, including polymers, from the current 100,000 tons/year to 1.
8 million tons/year in 2030
.
Previously, Borealis has announced the spin-off of its greenhouse gas-intensive fertilizer division, and will reduce greenhouse gas emissions from 5.
1 million tons per year in 2019 to below 2 million tons per year
.
Borealis also said the company aims to generate 100% of its electricity supply from green energy by 2030
.
Borealis said it currently produces 100,000 tonnes of recycled products a year including recycled and renewable polymers, chemicals and renewable hydrocarbons
.
By 2025, the company aims to increase its share of circular products and solutions to six times its current share, or 600,000 tons per year
.
By 2030, the volume of the company's recycling products and solutions will reach 1.
8 million tons/year, turning today's plastic waste into a valuable resource that can be used
.
Borealis said the move would significantly reduce greenhouse gas emissions from 5.
1 million tonnes/year in 2019 to below 2 million tonnes/year in 2030, a decade the company will increase its use of renewable electricity, The project will be commissioned in the second half of the decade
.
At the same time, the company will also divest its nitrogen business, which includes fertilizers, industrial nitrogen and melamine
.
In terms of electricity sources, currently 25% of the electricity consumed by the company comes from renewable energy sources such as wind and solar energy, and the proportion of green electricity will increase to 40% by 2025.
Electricity will come 100% from renewable energy
.
Recently, Borealis also announced the signing of several renewable feedstock agreements for polypropylene and polyethylene packaging and piping products
.
The company has formed a value chain partnership with Finnish ice cream maker Froneri and packaging company Paccor, and Froneri's lunch boxes and lids will be produced using Borealis' recycled polypropylene
.
Borealis is also working with Italian Nupi Industries and Finnish pipe company Uponor on renewable pipe materials
.
