Borealis invests 200 million Euros in plant expansion
1 Jul 2003
Borealis announced today that it investing 200 million Euros in the construction of a new 350,000 tonnes per year Borstar polyethylene plant and a 90,000 tonnes per year expansion of an existing Borstar polypropylene plant at its petrochemical site at Schwechat, Austria. The new facilities will come onstream in 2005.
'This investment is a major milestone in the implementation of our strategy of becoming a leading, integrated polyolefins supplier,' said Chief Executive John Taylor. 'It establishes Schwechat, Austria, as a world class competitive site with an annual polyolefin capacity of around 1 million tonnes, located in the centre of Europe.'
When the new Borstar polyethylene plant is onstream, Borealis will phase out two old LDPE lines and an HDPE line at the production site in Schwechat, resulting in a net capacity increase of around 150,000 tonnes polyethylene per year.
'The new Borstar polyethylene plant will enable us to capture the growing demand for linear low-density polyethylene for enhanced, differentiated film products for flexible consumer packaging and industrial applications,' commented David Rolph, Executive Vice President, polyolefins business group.
