More than a thousand customers, academics, politicians, bankers, journalists, suppliers and employees joined OMV and Borealis, in Schwechat, at the inauguration of a new 350,000 tonnes Borstar polyethylene plant, the expansion to 300,000 tonnes of the Borstar polypropylene plant and the expansion from 650,000 to 900,000 tonnes per year of OMV's nearby cracker.
The occasion will be marked with a futuristic multimedia celebration under the theme, 'The Bridge: The journey from oil to plastics'.
This joint EUR 400 million investment turns the OMV/Borealis Schwechat location into one of the largest plastics manufacturing sites in Europe with 900,000 tonnes per year production by OMV and more than a million tonnes per year for Borealis.
The construction of the OMV and Borealis plants and cracker began early 2004 and the start-up was according to plan in the Autumn of 2005.
The EUR 200 million investment by OMV to upgrade its cracker extends OMV ethylene capacity by 150,000 tonnes to 500,000 tonnes per year and its propylene capacity by 100,000 tonnes to 400,000 tonnes per year. These basic petrochemicals products are delivered by pipeline to neighbouring Borealis plants and used in manufacturing advanced polyethylene and polypropylene plastics.
The new Borstar PE plant has enabled Borealis to capture the growing demand for linear low-density PE for enhanced, differentiated film products, for flexible consumer packaging and industrial applications in particular.
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