Shanghai, China – 1 June 2021: Borouge, a leading petrochemicals company providing innovative, value creating plastic solutions, proudly announces that it has signed a memorandum of understanding (MOU) with Suzhou Jinhui Technology Materials Co., Ltd (Suzhou Jinhui) in China, to advance its ambitions to become an end-to-end solutions provider of both virgin and recycled polyolefins.
This collaboration will leverage Suzhou Jinhui’s mechanical recycling capabilities, enabling Borouge to access recyclates and further develop and commercialise new packaging applications that incorporate recyclates, drive sustainability and meet the rising market demand for circular packaging.
“This strategic partnership is a significant milestone for Borouge in its commitment and efforts towards a zero waste plastics economy,” said Eddie Wang, Senior Vice President, Asia North, Borouge. “In line with China’s regulations on the phased restrictions on single-use plastics in the country, developing circular solutions continues to be a priority for Borouge to support business needs and to address environmental concerns.”
Borouge has already successfully piloted the use of recyclates, in applications such as courier bags and detergent packaging in its key markets, without compromising on the quality and performance of the end applications.
Richard Horne, Vice President, Packaging and Circular Economy at Borouge said, “Borouge will continue to work on creating innovative and differentiated products that enable our customers and value chain partners to unlock value and meet their own sustainability goals.”
“Being able to offer recyclates expands our product portfolio and enables us to further enhance our innovations and move them into commercial production. The Borouge team will continue to work with our partners to co-develop new solutions and business models that help drive the circular economy.” Horne added.
Borouge is also working to develop new disruptive packaging designs that enhance the conventional design and functionality to promote re-use and recycling efficiencies, as well as mono-material solutions for easier recyclability. Borouge has successfully created a diverse range of mono-material solutions for packaging application meant for everyday use, such as rice bags, food packaging, lamitubes for toothpaste packaging and pet food packaging. The company has also recently introduced Bornewables™, a range of premium circular products produced by Borealis, to its customers.
Borouge is expected to establish several more partnerships with other recycling companies in the coming months to expand the volume of recyclates in its portfolio, and co-develop innovative new solutions for packaging applications.
A joint venture between ADNOC and Borealis, Borouge is a leading petrochemicals company that provides innovative plastics solutions for the energy, infrastructure, mobility, packaging, healthcare and agriculture industries. With 4.5 million tonnes of annual capacity, Borouge has one of the world’s largest integrated polyolefin complexes, with the ambition to further expand its current capacity by 2030.