● With the support of the World Bank loan project and the Ningbo Municipal Government, the cooperation memorandum will enable all parties to jointly conduct a feasibility study on an effective urban waste management ecosystem to solve the problem of urban plastic waste management.
● This collaboration will focus on the study of collected and processed plastic waste raw materials, mechanical recycling and downstream waste management operation models to establish a feasible local waste recycling closed-loop ecosystem.
On November 14, 2023, in Ningbo, China, Borouge signed a memorandum of cooperation with Ningbo Handle Ecological Digital Technology Co., Ltd. and Ningbo Haijing Resource Recycling Technology Co., Ltd. to accelerate the research and layout of Ningbo plastic waste reduction management projects.
Borouge will launch a one-year collaboration with these two well-known companies, focusing on the collection and processing of plastic waste raw materials to establish a local waste recycling closed-loop ecosystem that is in line with the best ESG (environmental, social and governance) practices. system. The project, supported by a World Bank loan project and the Ningbo Municipal Government, aims to solve the problem of urban plastic waste management.
The collaboration will leverage Borouge’s innovation, technical expertise and application expertise in polyolefins, as well as Borouge’s global network of recycling partners. In addition, the project has received technical support from Borouge United Resources, including Borealis, the European leader in polyolefin recycling, which further enhanced the project by bringing value chain management and operational expertise to the study. expected impact.
Ningbo Handle mainly carries out the digital reform of waste classification, aiming to develop and operate a replicable municipal-level intelligent solid waste classification, collection and transportation management system. Ningbo Haijing aims to realize the end-of-pipe disposal, recycling and reuse of plastic waste and integrate it with Ningbo Handle’s digital intelligent collection system.
Cooperation Memorandum Signing Site
The project will include a feasibility study on raw material and mechanical recycling of plastic waste and cover feasible operational models suitable for commercialization to promote local solid waste reduction and thereby develop an effective urban waste management ecosystem.
At the signing ceremony, Mr. Wang Yanbin, Senior Vice President of Borouge South Asia, signed a memorandum of cooperation with Ningbo Handle and Mr. Wang Jinghang, Chairman of Ningbo Haijing on behalf of Borouge. Rainer Hoflin, CEO of Borouge Pte Ltd, attended and witnessed this event together with Borealis representatives and senior representatives of the Ningbo World Bank Project Management Office.
“Borouge has been actively looking for partners with advanced technology, infrastructure and development vision in the field of plastic waste management. These two partners have the expertise to promote the development of local infrastructure. Through cooperation with outstanding local recycling companies in Ningbo Working together, we can jointly develop solutions that address the urgent challenge of plastic waste management and recycling. We believe that with Borouge’s technical expertise in mechanical recycling and expertise in polymer innovation, we will be able to Success on the collaborative path towards a circular economy.”
said Rainer Hoflin, CEO of Borouge Pte Ltd.
In 2021, China and the World Bank jointly launched the China Plastic Waste Reduction Project, aiming to improve the solid waste system and reduce plastic leakage in municipal solid waste treatment.
With the rapid growth of China’s economy and the improvement of living standards, the amount of solid waste generated in many developing cities in China has also increased significantly. For cities like Ningbo, municipal solid waste has become an issue of great concern.
The waste management industry continues to try and practice, and strives to promote the industry towards a circular economy, including reducing pollution and shifting to more sustainable practices, such as promoting ecological design and material recycling.
Representatives of the contracting parties and senior representatives of the Ningbo World Bank Project Management Office visited the community garbage classification intelligent recycling box drop-in point
The project is the first World Bank-financed project to reduce the amount of plastic waste in China and is part of an overall plan for the East Asia and Pacific region. The project goal is to address solid waste management issues and achieve a more integrated urban and rural system.
The new memorandum of cooperation further strengthens Borouge’s commitment to sustainable development and intensifies its efforts to transform towards circularity.
Working with recycling partners, Borouge now has a growing portfolio of mechanically recycled polyolefins and offers solutions validated through Borouge’s Innovation Center in Abu Dhabi. These circular economy solutions for different application areas are developed by Borouge together with industry chain partners and customers to meet their own sustainability goals.
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