January 2022

Borealis Acquires Minority Stake in UK-based Sustainable Packaging Innovator Bockatech

Borealis, one of the world’s leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals and fertilizers, announces that it has acquired a minority stake in Limited, a UK-based growth-stage green tech business and inventor of the innovative EcoCore ® manufacturing technology platform for sustainable packaging.

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Eastman to Build World’s Largest Molecular Plastics Recycling Facility in France

US-based chemical company Eastman Chemical Co. will invest up to $1 billion to build the world’s biggest molecular recycling facility for waste plastics in France. The announcement was made jointly by French President Emmanuel Macron and Eastman Board Chair and CEO Mark Costa. The investment affirms France’s foresight in recognising the role of molecular recycling and supporting investments in innovation, while at the same time accelerating the transition to a more circular economy for plastics in Europe.

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