Borealis Invests EUR 40 Million in Finland
Borealis AG, Vienna, Austria, announces a EUR 40 million investment to upgrade its steam cracker in Porvoo, Finland. The upgrade will enhance the cracker's energy efficiency, yield higher production capacities for propylene and crude C4, and enable an overall higher production quality of propylene.
In Porvoo, Finland, Borealis operates one of the most flexible, fully-integrated crackers in Europe. The investment in the cracker will further enhance its performance by boosting capacity and improving energy efficiency. The project is scheduled for completion in the third quarter of 2017. The production capacity of propylene and crude C4 will increase by 30 kilotonnes per annum and 10 kilotonnes per annum, respectively. The project will also upgrade the quality of all produced propylene to polymer grade, thereby increasing value as well as productivity in the adjacent polypropylene production plant.
"Investing in upgrades and capacity expansion at strategic Borealis production locations such as Porvoo enables us to improve the competitiveness of our strong, integrated polyolefins business in Europe," explains Markku Korvenranta, Borealis Executive Vice President Base Chemicals.
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