Borealis Plans High Pressure Based Polymer Asset in China
Feasibility Study Commissioned
Borealis AG, Vienna, Austria, will study the feasibility to build an Ethylene Vinyl Acetate/advanced polymer asset for specialty applications in China. This potential investment would support Borealis long-term strategy to be a truly global petrochemicals company that continues to invest in major growth markets and is close to its global customers. The study will focus on the location of Dayabay, Huizhou, Guangdong - a key plastics processing market in China and one of the 7 strategic national petrochemicals parks in China in terms of growth and development.
“There is a strong demand for High Pressure technology based advanced materials in China that is mainly driven by Solar, Wire & Cable and other specialty applications. In terms of distribution we can capitalize on the strong Borouge marketing and sales network,” says William Yau, Borealis Senior Vice President Asia Growth.
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