Page 26 - Plastics News July 2023
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Borealis expands circularity portfolio with purchase Rialti S. p. A.
                                                                                 construction.
                                                                                 “The addition of Rialti to our portfolio
                                                                                 will expand our circular offering and
                                                                                 strengthen  our ability to serve our
                                                                                 customers in meeting  their sustain-
                                                                                 ability ambitions. As such we continue
                                                                                 reinventing  essentials  for  sustainable
                                                                                 living” says Lucrèce Foufopoulos, Bo-
                                                                                 realis Executive Vice President Poly-
                                                                                 olefins, Innovation & Technology and
                                                                                 Circular Economy Solutions.
               ith the announcement that it is  lar portfolio, allowing the company to
          Wacquiring Rialti, one of Europe’s  continue  to meet  growing  customer   Closing of this transaction is subject to
          leading producers of mechanically  demand for sustainable solutions.   customary regulatory approvals.
          recycled  polypropylene  (PP)  com-  It also marks the company’s commit-  Borealis  is  headquartered  in  Vienna,
          pounds  for injection moulding and   ment to the EverMinds platform - Bo-  Austria. The company employs 7,600
          extrusion, Borealis is once again dem-  realis’ dedicated platform uniting the   employees and operates in over 120
          onstrating that it is serious about the   wide range of Borealis activities and   countries. OMV, the Austria-based in-
          transition to a circular economy.  initiatives  aimed at making plastics   ternational oil and gas company, owns
          Tangible evidence of this commitment  more circular.                   75% of our shares, while the remain-
          first came in 2016, when the company   Based in the area of Varese, Italy, Rialti   ing  25%  is  owned  by  Abu Dhabi
          became  the  first  raw  materials  pro-  has been active in recycling for over   National  Oil  Company,  or ADNOC,
          ducer to venture  into the  recycling   thirty  years.  The  company focusses   based in the  United Arab Emirates
          arena with the acquisition of mechani-  on the  production of polypropylene   (UAE). The  company launched its
          cal recycler mtm plastics. This was   (PP) compounds based on mechani-  EverMinds platform is 2018 as a ‘plat-
          followed in 2018 with the purchase of   cally recycled PP feedstock from post-  form to help  unlock progress’  and
          Ecoplast. The present investment will   industrial and post-consumer waste   accelerate the transition to a circular
          add 50,000 tonnes of recycled com-  for applications in various industries,   economy and to ‘open and expand
          pounding capacity to Borealis’ circu-  including automotive,  appliances and   minds on plastic circularity’.

          Coca-Cola Europacific Partners Collaborates With Sidel To Successfully
          Transition To Tethered Caps And Lighter Bottle

                                                                                 CCEP with the transition. Required to
                                                                                 implement the changes by July 2024 in
                                                                                 line with single-use plastic (SUP) law,
                                                                                 Coca-Cola  Europacific  Partners  also
                                                                                 identified the opportunity to move to
                                                                                 a more sustainable package, working
                                                                                 with Sidel to move to a lighter neck
                                                                                 for its carbonated soft drinks (CSD)
                                                                                 plastic bottles.

                                                                                 Sidel and Coca-Cola Europacific Part-
                                                                                 ners share a strong historical partner-
               hen  Coca-Cola  Europacific  PET bottles to boost collection and re-  ship, having collaborated for over 30
          WPartners (CCEP) took the deci-    cycling and prevent litter, Sidel utilised   years  at a global group level  across
          sion to introduce tethered caps for its  its  expertise  in  this  field  to  support   multiple projects in equipment, pack-


          26   PLASTICS NEWS                                                                              July 2023
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