Borealis Commits to a Circular Economy through the UN Global Treaty on Plastics Pollution

Borealis has joined the Business Coalition for a Global Plastics Treaty to support the development of the UN Treaty on Plastics Pollution. The company aims to accelerate progress towards a circular economy and eradicate plastic pollution through its circular product range, recycling technologies, and sustainability initiatives. Borealis' vision is to create a world with no waste of resources, no emissions into the environment, and no harm to society, while delivering prosperity for the company and its stakeholders.

Key Takeaways:

• Borealis has committed to supporting the development of the UN Treaty on Plastics Pollution as a member of the Business Coalition for a Global Plastics Treaty.
• The company offers a range of circular products, including biomass, mechanically and chemically recycled feedstock, through its Borcycle, Borvida, and Stelora ranges.
• Borealis has set ambitious sustainability targets, aiming to improve the circularity of plastics, protect the climate, and care for community health and safety.
• The company has processed 64,000 tonnes of circular products in Europe in 2019 and targets a capacity increase of 600,000 tonnes by 2025.
• By 2030, Borealis plans to reach a capacity of 1.8 million tonnes of circular products and solutions globally.
• The company aims to reduce its Scope 1 and Scope 2 greenhouse gas emissions from 5.1 million tonnes (base year 2019) to less than 2 million tonnes by 2030.
• Borealis aims to generate 100% of its electricity from renewable sources in its Polyolefins and Hydrocarbons operations by 2030.
• The company aims to achieve zero non-emerging flaring and zero loss of plastic pellets from its operations.

Statistics:

• 64,000 tonnes of circular products processed by Borealis in Europe in 2019
• 600,000 tonnes of circular product capacity target by 2025
• 1.8 million tonnes of circular product capacity target by 2030
• 5.1 million tonnes of greenhouse gas emissions in 2019 (Scope 1 and 2)
• 2 million tonnes of greenhouse gas emissions target by 2030 (Scope 1 and 2)
• 28% of Borealis' electricity used in its own operations in 2022 came from renewable sources
• 40% of Borealis' electricity target from renewable sources by 2025
• 100% of Borealis' electricity target from renewable sources by 2030 in its Polyolefins and Hydrocarbons operations

Sources:

• Borealis, website: http://www.borealisgroup.com/
• Borealis AG, Copyright 2023