Borealis: Investment in PE Plant
Borealis AG, Vienna, Austria, has announced a major upgrading project at its production site in Porvoo, Finland. An investment of EUR 65 million will serve to upgrade the Borstar PE2 plant technology to the third generation (3G), thereby extending the Borstar PE platform. This investment follows on the heels of one announced earlier this year, namely the EUR 25 million investment in the installation of a new hot oil heater unit at the phenol complex of the Porvoo plant.
In over forty years of operation, Porvoo’s six production plants have earned a good reputation for reliability and efficiency. While providing manufacturing services with the production of PE and PP, Porvoo benefits from the close proximity to the Nordic markets and is ideally situated to serve the Russian and Eastern European industrial markets. Porvoo is also the site of one of Borealis’ three Innovation Centres, the Porvoo Innovation Centre.
In line with the Borealis Value Creation through Innovation strategy, this latest investment in Porvoo will significantly enhance the location’s standing as a hub for catalyst and process research, up-scaling and demonstration.
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