Borealis & ITOCHU Collaborate to Evaluate Uptake of Renewable PP
Borealis, Borouge and ITOCHU jointly announced the strategic intent to jointly evaluate how to enable uptake of renewable in the Japanese market.
Enhanced Sustainability and Circularity
The renewable PP is made from sustainable feedstock from organic waste and residue streams. Unlike using feedstocks produced with agricultural crops suitable for food and livestock feed, this renewable feedstock is composed of various wastes and residues like from vegetable oil production or used cooking oil from the food industry. to manufacture renewable feedstocks further enhances their appeal from a sustainability perspective. This step clearly showcases ™ ambition in terms of thinking circular. The traceability from the point of origin to the final product is ensured through the mass balance model and certified by a third-party independent body.
Borouge provides innovative plastics solutions for the packaging, energy, infrastructure, mobility, healthcare and agriculture industries. Borouge is working to bring about a plastics circular economy on several fronts, including developing new disruptive packaging designs for , and introducing mono-material solutions that enable recyclability and help to unlock value for customers while supporting their sustainability goals.
Borouge is also actively working across the entire value chain to drive innovations in quality, supply and usage of , and create ready to use, value-adding solutions that our customers require to advance their circularity. Borouge aims to be a one-stop shop to its customers for all their sustainable packaging requirements.
Expansion of Renewable Plastic Business
ITOCHU aims to enhance its corporate value by addressing social issues through its core business. ITOCHU will move forward with the expansion of the global renewable plastics business, particularly in Japan and in Asia. It targets to commercially launch Japan’s first food containers and packaging materials made of Renewable PP by the end of 2020 as well as other sanitary goods, miscellaneous daily goods, cosmetic containers, office supplies, home electric appliances, automotive parts and other items in many different fields.
ITOCHU will actively use its Group networks in Japan and overseas to create a new business model in the domain of renewable plastics and to accelerate actions towards achieving a society for sustainable global development.
» Publication Date: 12/10/2020