Austrian chemicals company Borealis and Reclay Group, international experts in environmental and material recovery management, have set up a new company to make plastic circularity a reality.
Borealis & Reclay. Credit: Borealis
Christian Abl, Dr. Fritz Flanderka (Reclay), Lucrèce Foufopoulos (Borealis), Raffael A. Fruscio (Reclay), Chris McArdle (Borealis). Credit: Borealis
The new, jointly-founded entity, Recelerate, will aim to redesign the critical steps of the plastics sorting and recycling system for post-consumer lightweight packaging (LWP) to speed up circularity, born from a need to meet the rising market demand for high-quality recyclates for use in high-end plastic applications.
Read more: Next 5 years "critical" for plastics sector to go circular & decarbonise
Recelerate will play a critical connector role in the plastic value chain, connecting downstream and upstream expertise to rethink how LWP waste is managed, sorted, processed, and recycled.
The new entity will be powered by Reclay Group’s extended producer responsibility schemes (EPR) and Borealis’ focus on the growth of a more circular plastic model, powered in part by its proprietary recycling technology Borcycle.
The two companies say that the combination will enable a macro view approach to identify opportunities to add value and invest where it matters, to ensure more and more plastic waste from LWP is able to stay within the value chain.
Read more: Borealis & Reclay join forces to accelerate plastics circularity
“Together with our partners, we are committed to reinventing the plastics system for more sustainable living,” said Lucrèce Foufopoulos, Borealis Executive Vice President Polyolefins, Innovation & Technology and Circular Economy Solutions.
Raffael A. Fruscio, Owner and Managing Director of the Reclay Group added: “This is an important moment to build on existing strengths and get some momentum in creating smart, successful, sustainable models that more and more businesses, regions and communities can benefit from. Together we will ensure that valuable material is kept in the cycle.”
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