Borealis has entered into a strategic partnership with BlueAlp to enhance their operational capabilities in chemical recycling by transferring its majority stake in Renasci to BlueAlp while acquiring a 10% interest in the latter.

Information on the Target

Borealis has formed a strategic partnership with BlueAlp, a prominent chemical recycling technology company based in Eindhoven, the Netherlands. This collaboration involves Borealis transferring its majority stake in Renasci, a chemical recycling firm located in Ostend, Belgium, to BlueAlp. In exchange, Borealis will acquire a 10% minority stake in BlueAlp, which aligns with its goal to foster the growth and scalability of the company.

Renasci utilizes innovative technologies to maximize material recovery from waste, converting difficult-to-recycle plastic waste streams into usable end products. This agreement is a pivotal development that positions BlueAlp to accelerate its operations and enhance its capabilities in the chemical recycling industry.

Industry Overview in Belgium

The chemical recycling sector in Belgium is emerging as a critical component of sustainable waste management and plastic recycling. The country has seen increasing attention toward environmental solutions and waste t