Kemira announced that it would invest approx. € 30 million ($ 35 million) in the expansion of its manufacturing capacity of polymers for Chemical Enhanced Oil Recovery (CEOR).
Helsinki/Finland — The investment is part of the previously announced € 160-200 million capital expenditure for 2018. Additional capacity will be built at the company's existing manufacturing site at Botlek, Netherlands. The new capacity is expected to be in commercial operation by the beginning of 2019.
The company is convinced that it can help customers improve their long-term profitability and resource efficiency with fully tailored polymers for CEOR. They anticipate a bright future for this application, which would be demonstrated through the investment.
"The development of tailored polymers according to customer needs requires close customer collaboration, extensive innovation expertise and time. After prudent development in R&D and successful field trials, we are happy to announce this investment on the basis of an anticipated uptake in customer demand," says Kemira's President & CEO Jari Rosendal.