#Recycling / Circular Economy

2020-09-24

Borealis receives European Investment Bank loan for development of circular economy solutions for plastics

The European Investment Bank (EIB) and Borealis have successfully closed a benchmark financing agreement that supports the Borealis research, development and innovation (RDI) programme in the circular economy sphere. The EIB will provide a EUR 250 million loan supporting Borealis’ multi-year investment programme in the area of plastics circularity, in line with its objectives to support innovation, climate action and sustainability.

EIB grants EUR 250 million in funding for Borealis’ research, development and innovation (RDI) programme

Loan to boost Borealis research and development efforts in propelling the industry towards plastics circularity

Borealis corporate sustainability strategy in close alignment with goals of European Green Deal and EU Plastics Strategy

The loan enables Borealis to intensify the at its Innovation Centres in Austria, Sweden and Finland. Polyolefins produced by Borealis are used in a wide range of applications in consumer products, packaging, power transmission cabling, and industrial and construction materials.

Borealis employee working on large compounding line in Linz, Austria © 2020 Borealis

As a leading provider of innovative polyolefins solutions, Borealis aims to make its own core business more circular. The circular economy is one of three key areas in the new Borealis 2035 Group Strategy which was announced earlier this year. Borealis has been at the forefront of industry efforts to accelerate the transformation to a circular economy of plastics. Its proprietary Borstar®, Borlink™ and Borceed ™ technologies have recently been enriched by ™, an evolving technology that enables the production of high-quality recycled polyolefins (rPOs), and ™, a portfolio of circular polyolefins produced with renewable feedstock derived entirely from waste and residue streams. Borealis has already begun working with value chain partners in recent years to develop and launch innovative, value-adding circular solutions in a variety of industries, including energy, automotive and consumer packaging. Borealis also aims to integrate an ever larger share of recycled plastics in its products.

The European Investment Bank (EIB) is the long-term lending institution of the European Union and owned by its Member States. It provides long-term capital and advisory support for sound investments that contribute towards EU policy goals. The European Investment Bank Group is one of the largest public supporters of innovation in the European Union. Since 2000, the Group has invested over EUR 210 billion in innovation and skills in the European Union and beyond in order to advance innovation and address the social and economic challenges of today and tomorrow. To help tackle climate change, the EIB Group will also aim to support EUR 1 trillion of investments in climate action and environmental sustainability in the critical decade from 2021 to 2030. This also includes circular economy projects. Over the past five years (2015-2019), the EIB has provided around EUR 2.5 billion in loans to co-finance more than 100 circular projects, and stands ready to do more to help meet the lending needs of the circular economy transition.

Borealis Innovation Headquarters Atrium Showroom in Linz, Austria © 2020 Borealis

“We are exceedingly pleased to be able to boost our research and innovation activities in Europe thanks to the EIB,” says Alfred Stern, Borealis CEO. “It is good to have strong partners who share our belief in the importance of re-inventing for more sustainable living.”

“The promotion of circular solutions in the polyolefins industry is aligned with our goals to accelerate the transition to a circular economy, including for plastics, and to support cutting-edge innovation,” explains Ambroise Fayolle, EIB Vice-President.“We are happy to continue and intensify our collaboration with Borealis AG by signing our largest transaction together so far. As the EU’s climate bank, we are eager to support private sector partners that are committed to environmental sustainability.”

Texprocess 2026: Automation, digitalisation and AI redefine textile processing

Making investment decisions in textile processing has become significantly more demanding. Increasing energy costs, a shortage of skilled labour and ongoing geopolitical uncertainties are compelling companies to focus on technologies that deliver clear gains in efficiency and process reliability. This applies equally to apparel manufacturing and to the processing of technical textiles and high-performance materials. As a result, modernisation initiatives are assessed more carefully – even as the need to upgrade production systems continues to intensify.

Techtextil 2026: Between innovation pressure & market reality

From 21 to 24 April 2026, Techtextil in Frankfurt am Main will once again become the central meeting point for the international technical textiles and nonwovens industry. Running in parallel, Texprocess will focus on the industrial implementation of textile processing technologies as the leading platform in this field. Together, the two trade fairs form a closely integrated presentation and working platform along the entire textile value chain – from material development to finished applications.

Between geopolitical pressure and industrial resilience

In this interview, Dr. Janpeter Horn (VDMA) discusses the current challenges facing textile machinery manufacturers, shaped by geopolitical tensions, regulatory developments and subdued investment. He also outlines why innovation strength, integrated solutions and strategic positioning remain key to global competitiveness.

RE&UP contributes to Global Fashion Summit 2026 circularity discussion

RE&UP contributed to the global conversation on textile circularity at Global Fashion Summit 2026 in Copenhagen, where Fatih Konukoğlu, Chairman of RE&UP and Vice Chairman of Sanko Holding, took part in both the keynote session “The New Rules” and the panel discussion “A Reckoning and Renewal for Circular Horizons”, alongside leaders from H&M Group, Looper Textile Co. and Sourcing Journal.

Europe’s textile future at a turning point: New 2030 Circularity Blueprint aims to scale recycling and unlock investment opportunities

The EU textile system is at a critical crossroads. Today, less than 1% of discarded garments are recycled into new garments, despite EU-wide obligations for separate collection. In response, Global Fashion Agenda (GFA) is launching the 2030 Circularity Blueprint, in partnership with ReHubs. This ambitious initiative is designed to support the transformation of the EU textile ecosystem to advance textile-to-textile recycling and drive the transition to a circular economy.

Circulose and CTA announce collaboration to enable lyocell fibers using CIRCULOSE® pulp

Circulose has announced an agreement with China Textile Academy Green Fibre (CTA) to offer lyocell fibers produced using CIRCULOSE® pulp. Producing lyocell from recycled pulp at commercial scale is an important step in making textile-to-textile recycled materials available across a wider range of textile applications.

FET’s revolutionary gel spinning system wins Techtextil Innovation Award

FET has received the prestigious Techtextil Innovation Award 2026 in the New Production Technology category. The Techtextil Innovation Award honours outstanding ideas in textile technology, sustainability, AI and the creation of technical textiles, selected by an international jury of experts. Ranging from new materials to new production technologies, this award recognises progressive ideas that are driving forces for numerous industries, such as automotive, medical and construction.

Savio Macchine Tessili will exhibit at ITM Istanbul 2026 presenting its flagship technologies

Savio Macchine Tessili will participate in ITM Istanbul 2026 in a corporate booth of Vandewiele Group, showcasing a selection of its most advanced winding and spinning solutions designed to support textile mills in achieving higher efficiency, flexibility and yarn quality. The company will bring to the show three flagship solutions: Proxima Smartconer®, Lybra Smartspinner® and the Phoenix Assembly Winder.

Rieter at ITM 2026: Spinning Redefined with Automation and Intelligence

Spinning mills need solutions that deliver stability, efficiency and future-proof performance. Rieter has put together a powerful portfolio for ITM 2026 in Istanbul, Türkiye. These innovations give customers the tools to enhance cost efficiency, improve responsiveness and actively develop their competitive edge. Step-by-step, Rieter is moving closer to its Vision 2027 – the fully automated spinning mill. With each new technology, Rieter enables spinning mills worldwide to operate with greater precision and reliability, ensuring they remain at the forefront of an increasingly demanding global market.