Borealis has acquired a majority stake in Renasci N.V.
Borealis announced the acquisition of a 10% stake in Renasci in July 2021. Now it announced an increase of its investment to acquire a majority stake of 50.01%. The investment is an important component of Borealis’ strategy to reach its circular goals, which target a six-fold increase in the volume of circular products and solutions to 600 kilotonnes by 2025, rising to 1.8 million tonnes 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.
Read more at https://www.borealisgroup.com/news/borealis-acquires-a-majority-stake-in-renasci-signalling-on-going-commitment-to-leading-the-transformation-to-a-circular-economy