Press release
TOMRA signs long-term recycling feedstock supply agreements with OMV and Borealis
The agreements establish the framework for TOMRA Feedstock to provide a consistent supply of high-quality raw materials for OMV Group's recycling operations. OMV will process feedstock supplied from TOMRA Feedstock plants in its ReOil® plants in Austria, while Borealis will process feedstock produced by TOMRA at its mechanical recycling operations in Europe.
“This agreement shows what’s possible when key players in the value chain come together to make a truly significant impact in the market. With our technology, we have the ability to recover post-consumer plastics that would have otherwise been lost to incineration. This is valuable material that should be given at least a second life. We look forward to working with OMV and Borealis in making a big contribution toward closing the circularity gap for plastics,” said Volker Rehrmann, Executive Vice President and Head of TOMRA Recycling.
The feedstock will be produced by TOMRA at a first-of-its-kind sorting facility currently being built in Germany. This facility will have an input capacity of 80,000 metric tonnes per annum and be operational at the end of 2025. TOMRA Feedstock has pioneered an innovative process that transforms pre-sorted mixed post-consumer plastic waste – materials that would otherwise end up in being landfilled or incinerated – into clean fractions of specific polymer types. These fractions can then be further processed in mechanical and chemical recycling plants such as those run by OMV and Borealis.
According to Daniela Vlad, OMV Executive Vice President Chemicals & Materials, “This long-term supply agreement will provide feedstock for our ReOil® technology, which in turn will transform it into high-quality sustainable raw materials for plastics production. In this way, we are making a significant contribution to the creation of a circular economy for plastics.”
Borealis will be using the feedstock at its operations based on Borealis’ Borcycle™ M technology, which transforms polyolefin-based post-consumer waste into high-performance polymers suitable for demanding applications in industries including automotive, energy, infrastructure, healthcare, appliances and consumer products.
“This agreement is another tangible step forward on Borealis’ commitment to increasing the share of recycled content across a wide range of high-performance products. Our customers will be able to expand on the use of value-added, recycled plastics within their portfolios,” said Craig Arnold, Borealis Executive Vice President Polyolefins, Circular Economy Solutions and Innovation & Technology.
About OMV
OMV is transitioning to become a leading sustainable fuels, chemicals and materials company with a focus on circular economy solutions, while operating today across three integrated business segments of Energy, Fuels & Feedstock, and Chemicals & Materials. By gradually switching over to low-carbon businesses, OMV is striving to achieve net zero by latest 2050. The company achieved revenues of EUR 39 billion in 2023 with a diverse and talented workforce of around 20,600 employees worldwide. OMV shares are traded on the Vienna Stock Exchange (OMV) and as American Depository Receipts (OMVKY) in the U.S. Further information at www.omv.com.
About Borealis
Borealis is one of the world’s leading providers of advanced and sustainable polyolefin solutions. In Europe, Borealis is also an innovative leader in polyolefin recycling and a major producer of base chemicals. We leverage our polymer expertise and decades of experience to offer value-adding, innovative and circular material solutions for key industries such as consumer products, energy, healthcare, infrastructure and mobility.
With customers in over 120 countries and a head office in Vienna, Austria, Borealis employs around 6,000 people. In 2023, we generated a net profit of EUR 216 million. OMV, the integrated energy, fuels & feedstock and chemicals & materials company headquartered in Vienna, Austria, owns 75% of our shares. The Abu Dhabi National Oil Company (ADNOC), based in the United Arab Emirates (UAE), owns the remaining 25%.
In re-inventing essentials for sustainable living, we’re building on our commitment to safety, our people, innovation and technology, and performance excellence. We are accelerating the transformation to a circular economy of polyolefins and expanding our geographical footprint to better serve our customers around the globe. Our operations are augmented by two important joint ventures: Borouge (with ADNOC, headquartered in the UAE); and Baystar™ (with TotalEnergies, based in the US). www.borealisgroup.com.