Last year, the Raan Group became a major shareholder in the Finnish recycling system “Finnish Plastic Recycling Ltd” (Suomen Uusiomuovi Oy) through a subsidiary. The company has recently officially become a Producer Responsibility Organization (PRO) for all types of packaging materials. On behalf of more than 2,700 licensed producers, glass, paper and cardboard, metal and wooden packaging will also be collected and recycled in the future.

In most countries, companies that put packaging on the market must take responsibility for its proper collection, sorting and recycling. To enable the best possible recycling of these recyclable materials, this packaging must be licensed with a collection and recycling system. With the help of the fees, these take-back systems can provide and finance the waste management infrastructure.

Reclay and Borealis form new joint entity, Recelerate, to make plastic circularity a reality. Formed of the waste management expertise of Reclay and the high quality recycling capabilities of Borealis, Recelerate will grow from existing shared strengths across European markets. The new entity will be powered by a smart systems-thinking approach to ensure more post-consumer lightweight packaging (LWP) is sorted and recycled into high quality materials.

The partners will tackle the challenge of plastic packaging waste and its recycling together. The strategic partnership will combine the complementary strengths and capabilities of both players in the plastics recycling value-chain, starting with Germany The agreement secures plastic waste from Reclay for Borealis to convert and revalorise in high-quality recyclate materials.