Borealis to Expand Polyethylene Capacity in Finland

Borealis is planning to invest €17m ($22m) in its polyethylene plant at Porvoo in Finland.

The expansion project includes a new ethylene compressor as well as an upgrade of the monomer purification process, including all necessary auxiliary equipment.

The expansion will increase the plants' capacity by 15,000t-a-year, and is scheduled to be completed in 2012.

The petrochemical complex includes a 600,000t-per-year cracker for olefin production (ethylene, propylene and butadiene), a phenol and aromatics plant, two polyethylene plants and a polypropylene plant.

Austria-based Borealis is owned by the International Petroleum Investment Company (with a 64% stake) of Abu Dhabi and by OMV (with a 36% stake).