TAGS: Green and Bioplastics
Borealis and the EREMA Group have signed a Letter of Intent (LOI) for the purpose of deepening their cooperation in the field of mechanical recycling. The shared goal is to advance mechanical recycling technologies to accelerate the transition to a circular economy of plastics. The companies’ aim to enhance recycling processes to meet increasing demand for higher quality recyclate used in high-end applications.
“To make the circular economy of plastics a reality, we need to take action, innovate, become more customer-centric, and collaborate,” says Lucrèce Foufopoulos-De Ridder, Borealis Executive Vice President Polyolefins and Innovation & Technology. “Taking our collaboration with EREMA to the next level is going to yield positive effects,” Lucrèce added.
Exchanging Best Practices to Accelerate Technology Development
Borealis and EREMA will collaborate most specifically on:
- Developing improved technologies and processes in mechanical recycling by leveraging each company’s respective area of expertise
- Design and implement new and practical technical solutions
- Standardizing and harmonizing input feedstock and recyclate output (pellets)
- Upscaling the mechanical recycling industry
- Working in tandem to acquire more sophisticated market intelligence
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We are pleased to have signed this agreement – not only because it is a great step forward for both our companies, but because our intensified cooperation is certain to have a catalytic effect in the transformational process to a circular economy,” states Manfred Hackl, CEO EREMA Group GmbH.
About Borealis and EREMA Group
The two companies share a deep commitment to leading the way to a more circular economy of plastics. The EREMA Group develops and produces plastics recycling systems and their components. Borealis is one of the leading providers of innovative solutions in the fields of polyolefins, base chemicals, and fertilizers.
Source: Borealis