Borealis and Axens sign petrochem plant agreement
The unit at the Borealis facility in Stenungsund is planned to be in commercial operation in 2025, subject to Final Investment Decision (FID), and will produce a virgin-like recycled feedstock to be further processed in the existing steam cracker unit for the production of recycled polymers.
Axens will supply the process design package of the Rewind Mix unit and the corresponding proprietary equipment, catalysts and adsorbents.
Developed by IFP Energies nouvelles, Repsol, and Axens, and based upon a strong industrial background, Rewind Mix provides a complete solution to turn plastic pyrolysis oils into perfect feedstock for steam cracking to make recycled plastics suitable for any application. Axens will also support Borealis with technical onsite and digital assistance, securing long-term optimal performance of the unit.
“We are proud to have been selected by Borealis for this ground-breaking project. Axens is strongly committed to supporting the plastic recycling industry in reaching its ambitious targets at the 2025 - 2030 horizon, developing and offering robust, flexible, low-carbon footprint technologies which complement mechanical recycling and create a truly circular plastic economy”, said Stéphane Fedou, Axens plastics circular economy director.
”Borealis has set ambitious targets to create a circular economy for plastic, as a part of our sustainability journey”, said Anders Fröberg, Borealis director of manufacturing excellence and transformation.
“Together with Axens, we will be able to provide our customers with sustainable products in order to meet market demands and improve recycle rates of plastic.”