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.
The loan enables Borealis to boost their research and innovation activities in Europe and intensify the development of novel, polyolefins-based circular solutions 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.
You can find more information here.