- EUR 21 million C4 project in Stenungsund to upgrade raffinate streams for n-butenes, completing by March 1, 2015.
- EUR 25 million investment in Porvoo to replace a 30-year-old hot oil heater unit, scheduled for 2015.
- Projects aim to enhance supply capabilities and efficiency, reducing maintenance and CO2 emissions.
- Contracting for the Stenungsund project began in December 2012.
Investment Overview
Borealis is investing over EUR 45 million in its European manufacturing plants located in Stenungsund, Sweden, and Porvoo, Finland. These investments are part of the company's strategy to enhance regional supply and support capabilities.
Stenungsund Project
The Stenungsund facility will see a EUR 21 million investment aimed at upgrading its existing raffinate-1 and raffinate-2 streams to meet the required specifications for n-butenes production. This project is scheduled for completion by March 1, 2015, and began its contracting process in December 2012. The upgrade will support the increasing raw material demand for olefin-based products.
Porvoo Project
In Porvoo, a 30-year-old hot oil heater unit at the Phenol complex will be replaced with a new unit at a cost of EUR 25 million. Scheduled for installation in 2015, the new heater is expected to improve efficiency, reduce maintenance requirements, and lower CO2 emissions, ensuring safe and reliable operations.
Strategic Importance
These projects are crucial for Borealis to maintain its competitive edge in the European market by enhancing operational efficiency and meeting customer demands. The investments also align with the company's broader commitment to innovation and sustainability.
