BOROUGE EXPANDS STRATEGIC RECYCLING PARTNERSHIPS IN
MENA AND ASIA-PACIFIC IN 2022
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These unique partnerships will allow Borouge
to expand its offering of recycled products to its key regions to meet increasing demand for sustainable polyolefin solutions
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Through its expanding network of recycling partners, Borouge will offer a wide product line-up of virgin and recycled polyolefins
Abu Dhabi. United Arab Emirates –
19 October 2022: Borouge PLC (“Borouge" or “the Company") (ADX symbol: BOROUGE / ISIN: AEE01072B225), a leading petrochemical company that provides innovative and differentiated polyolefin solutions, today shared on its growth in the number of strategic partnerships with recycling companies in MENA and Asia-Pacific, expanding the volume of recycled polyolefins as part of its product portfolio of sustainable solutions.
The expansion in the number of partnerships signifies Borouge's strategic efforts towards its circular economy ambitions, and is boosted by new agreements with FAM Recycling FZCO in the UAE, Eco-Blue Limited in Thailand, and Jiangxi Green Recycling Co Ltd in China.
Today, Borouge has 12 partnerships across seven countries serving its key territories in the Middle East and Asia-Pacific. The Company announced its first partnerships in 2021 with recycling companies Plaspulp Union Pte Ltd in Singapore and Suzhou Jinhui Technology Materials Co.Ltd in China.
“As a company, Borouge is committed to making a positive impact on society, and being able to offer recycled products complementing our efforts to support our customers and collaborate with our value chain partners to produce sustainably and efficiency. These collaborations reaffirms the commitment to our growth plans to expand our recycling presence in all of our key territories." said Mr Rainer Hoefling, Chief Executive Officer, Borouge Pte Ltd.
The mechanically recycled polyolefins, sourced through these partnerships, are put through Borouge's stringent trials and qualifications in the Packaging Centre of Excellence in Abu Dhabi to ensure suitability and compatibility for various applications. These recycled polyolefins can be used on their own or blended with other grades, including Borouge's prime Borstar® and Anteo™ polyolefin grades, to produce high performance solutions.
Target applications include a broad range of rigid and flexible packaging applications, such as consumer bottles and caps, industrial packaging, collation shrink, transport packaging, thin wall molding, houseware and home appliances.
Borouge's foray into the recycling marketplace cements its standing as an end-to-end solutions provider of both virgin and recycled polyolefins. The recycled polyolefins from all partners are now available commercially. The company achieved its first commercial transaction of recycled polyolefins after onboarding its first partners last year.
Borouge has also obtained the Global Recycled Standard (GRS) certification to trade recycled polyolefins. The GRS is a third-party certification of recycled content and chain of custody, providing assurance to customers on the authenticity and quality of recycled polyolefins through an auditable process in the recycling distribution business.
Borouge has set ambitious targets to cater to the increasing demand from the industry for sustainable solutions. To this end, the Company is working on designing and developing consumer and infrastructure solutions in their Innovation Centre in Abu Dhabi that support a Circular Economy, and through innovation and design for recyclability. Borouge is also working on a pipeline of strategic efforts to develop a robust eco-system to drive and advocate sustainable recycling capabilities.
ENDS
For further information, please contact:
Rehab Omar Ateeq
Vice President, Global Communications
Email:
media@borouge.com
About Borouge
Borouge, listed on the Abu Dhabi Securities Exchange (ADX symbol “BOROUGE" / ISIN “AEE01072B225"), is a leading petrochemical company that provides innovative and differentiated polyolefin solutions for the energy, infrastructure, mobility, advanced packaging, healthcare and agriculture industries. ADNOC owns a majority 54% stake and Borealis holds a 36% stake in Borouge. To find out more, visit:
borouge.com
