Borealis announced the acquisition of a 10% stake in Renasci in July 2021 and recently announced the increase of its investment to acquire a majority stake of 50.01%, signaling on-going confidence in the potential of Renasci’s patented SCP concept to drive the circular transformation. The investment is an important component of Borealis’ strategy to reach its ambitious circular goals, which target a six-fold increase in the volume of circular products and solutions to 600 kilotons by 2025, rising to 1.8 million tons by 2030. The acquisition will support Borealis to reach these goals by providing increasing long-term access to chemically recycled feedstock from Renasci’s Ostend facility and through enabling access to key circular technologies.
SCP is unique because it enables the processing of multiple waste streams using different recycling technologies under one roof, resulting in exceptionally high valorisation of waste. Through leveraging its market access, know-how, and innovative technological capabilities, Borealis will accelerate the implementation of the SCP concept and will also explore opportunities for replicating the model in strategic locations.
