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Borealis Invests €4.5 Million in Porvoo Steam Cracker

09.04.2024 - Borealis plans to invest €4.5 million in the cracker furnaces of its olefins unit in Porvoo, Finland. This project, Borealis said, is to ensure that the Porvoo steam cracker, which is part of a highly integrated petrochemical complex, can increase the share of renewable and recycled raw materials used in its base chemicals – i.e., ethylene and propylene – production.

The Porvoo investment, expected to be completed in 2025, follows last year’s completion of a major cracker furnace update at Borealis’ site in Stenungsund, Sweden.

The steam cracker in Porvoo has a nameplate capacity of 430 kt/y ethylene and 263 kt/y propylene. With the investment, three of the ten cracker furnaces in the olefins unit will be modified to enable a total annual production of 120 kt of base chemicals based on renewable and recycled feedstocks.

"With a focus on reinventing essentials for sustainable living, our €4.5 million investment in our steam cracker in Porvoo moves us closer towards a future of circular economy transformation. Through strategic furnace modifications and a commitment to renewable and chemically recycled base chemicals, we are poised to elevate annual production to 120 kilotons, forging a path of environmental stewardship and economic resilience," said Wolfram Krenn, Borealis executive vice president Operations and Base Chemicals.

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Borealis AG

Wagramer Str. 17 -19
1220 Vienna
Austria