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Borealis to invest €65 million at PE plant in Finland

4:09 AM MDT | June 25, 2013 | Michael Ravenscroft

Borealis has announced an investment of €65 million ($85 million) for a major upgrading project at its production site at Porvoo, Finland. The Borstar PE2 polyethylene (PE) plant will be upgraded to the third generation of Borstar technology. The project follows a €25-million investment in a new hot oil heater at the phenol complex at Porvoo. "The Porvoo upgrade project is a sign of our commitment to further developing our Borstar technology, which is a cornerstone of our polyolefins success, and the establishment of one of the most modern fleets...

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