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Recycling

Borealis gets majority of recycling firm

by Alexander H. Tullo
January 21, 2023 | A version of this story appeared in Volume 101, Issue 3

 

Renascsi's pyrolysis plant in Oostende, Belgium.
Credit: Rensasci
Renasci's Oostende, Belgium, plant

Borealis has acquired a controlling interest in the Belgium-based recycler Renasci, which operates a pyrolysis plant in Oostende, Belgium, that breaks down waste plastics into fuels and petrochemical feedstocks. Borealis acquired a 10% interest in the company in 2021 and has upped its stake to just over 50%. Borealis aims to make 600,000 metric tons per year of plastics based on recycled and recovered raw materials by 2025.

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