Borealis to grow phenol business


Borealis announced a total investment plan exceeding EUR 60 million to boost capacity and increase efficiency for its phenol and Aromatics business located in Porvoo Finland. Beyond the ongoing expansions to increase cumene and benzene capacity by 30% and investments to improve the safety and reliability of operations, an additional EUR 29 million will be invested to expand phenol capacity from 140,000 to 190,000 tonnes per year and acetone from 90,000 to 115,000 tonnes per year. Implementation of this capacity increase is expected during spring 2007.

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