Borealis, a leading provider of chemical and innovative plastics solutions, has celebrated the groundbreaking of a new semicommercial plant for catalysts in Linz, Austria. With a total investment of approximately € 75 million the company is further expanding its innovation capabilities in plastics.
Linz/Austria – Catalysts are substances which change the reaction speed of a chemical reaction. They play an important role in the development of value adding plastics solutions. Borealis owns a proprietary revolutionary catalyst technology which is protected by 47 international patents. Based on this technology the new plant will be used to develop new types of catalysts as well as improve processes for catalyst production. The plant will not only serve research purposes but will produce commercial batches for Borealis’ locations worldwide. Completion is scheduled for summer 2012.
“Catalysts play an essential role for the development of innovative plastics solutions,” says Alfred Stern, Borealis Senior Vice President for Innovation and Technology. “This plant enables us to develop new catalysts based on the results of basic research we do at our Innovation Centre in Porvoo, Finland. In addition, we will be able to produce semi-commercial batches for our own needs for example in the pilot plant, delivering an innovation and competitive advantage.”
“Research and innovation are core to our successful Value Creation through Innovation strategy,” underlines Borealis Chief Executive Mark Garrett. “With the new plant, we strengthen our research capabilities in the area of catalyst development and production. This investment marks a further cornerstone of our worldwide growth strategy and strengthens our market position in Europe.”