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Business

Borealis Opens One Plant, Plans Another

by Michael McCoy
June 7, 2010 | A version of this story appeared in Volume 88, Issue 23

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Credit: Borealis
The view from Borealis’ new polyethylene plant.
Credit: Borealis
The view from Borealis’ new polyethylene plant.

Borealis, the Austrian polyolefins firm, has opened a $500 million high-pressure low-density polyethylene plant in Stenungsund, Sweden. The 350,000-metric-ton-per-year facility will serve mainly the wire and cable market. The firm will idle a 230,000-metric-ton-per-year plant at the site, leaving it with 700,000 metric tons of polyethylene capacity in Stenungsund. Separately, Borouge, a joint venture between Borealis and Abu Dhabi National Oil, plans to build its second plastics compounding plant in China.

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