Borealis Invests EUR 65 Million in Porvoo PE Plant Upgrade
- EUR 65 million will upgrade the Borstar PE2 plant to 3G technology.
- Earlier this year, EUR 25 million was invested in a new hot oil heater unit at the Porvoo phenol complex.
- Porvoo's six production plants have operated for over forty years.
- Porvoo serves Nordic, Russian, and Eastern European markets.
Investment in Porvoo Plant
Borealis has announced a EUR 65 million investment to upgrade its Borstar PE2 plant in Porvoo, Finland. This project will enhance the plant's technology to the third generation (3G), expanding the Borstar PE platform and improving product properties.
Previous Investments
Earlier this year, Borealis invested EUR 25 million in a new hot oil heater unit at the phenol complex of the Porvoo plant. These investments are part of Borealis' ongoing efforts to modernize and enhance its production capabilities.
Porvoo's Strategic Importance
Porvoo's six production plants have been operational for over forty years, earning a reputation for reliability and efficiency. The site is strategically located to serve the Nordic, Russian, and Eastern European markets, making it a key hub for Borealis' operations.
Innovation and Research
Porvoo is also home to one of Borealis' three Innovation Centres, focusing on catalyst and process research, up-scaling, and demonstration. This latest investment aligns with Borealis' strategy of value creation through innovation, further solidifying Porvoo's role in the company's research and development efforts.