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Bockatech receives investment from Borealis
Updated: Dec 20, 2021
Funding to help more brands and converters take advantage of the EcoCore® greentech plastic packaging manufacturing platform for new vertical markets and applications.
Bockatech has received an investment from Borealis, one of the world’s leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilisers. The funding will see Borealis take a minority stake.
The investment deepens the existing partnership between the two companies and underscores Borealis’ commitment to plastics circularity. The move entails joint market and material development in the long term as well as the scaling of the EcoCore manufacturing platform.
EcoCore uses optimised polyolefin resins supplied by Borealis to create mouldings that have skin-foam-skin walls with high strength-to-weight ratios and excellent thermal insulation. As only minimal investment in new equipment is required to produce safe and reliable mouldings using the EcoCore technology, converters can readily move into more sustainable packaging formats for a wide range of sectors.
The aim is to enable a greater number of global customers, value chain partners, and supply chain players to benefit from a broader range of lighter weight foam-based applications, primarily in the packaging sector.
While collaboration will continue to focus on reusable coffee cups, additional applications for technology licensing are foreseen, including more sustainable reusable packaging types and lightweight single-use solutions. Applications in non-packaging product ranges are also envisioned, as the EcoCore technology is further advanced and scaled up.
EcoCore also aligns with the Borealis circular cascade model on all three levels — design for eco-efficiency, reuse, and design for recycling — helping to achieve plastic circularity and greater sustainability.
Talking about the investment Lucrèce Foufopoulos, Borealis Executive Vice President Polyolefins, Circular Economy Solutions and Innovation & Technology said: “This is proof positive of our EverMinds approach and commitment to collaboration and innovation to bring about plastics circularity.
We look forward to enabling an exciting range of lighter weight and easily recyclable solutions that facilitate the transition from single-use to reuse. This is the right path towards more sustainable living.”
“Working together with Borealis, we’ve already been able to develop packaging for several leading foodservice and fast-moving consumer goods brands in North America and Europe. This new funding will help us advance our EcoCore technology even further and increase the number of applications,” said Henri Gaskjenn, Bockatech CEO.
“We share with Borealis a long-term vision of sustainability and, like them, aim to be leaders in the new plastics economy. Their material expertise combined with our manufacturing technology is creating more sustainable solutions with better performance for converters, brands, and consumers alike.”
For contact details, and to read the story in full, see the media release on the Borealis website.