Borealis AG (Vienna, Austria; www.borealisgroup.com) will study the feasibility to build an ethylene vinyl acetate/advanced polymer asset for specialty applications in China. This potential investment would support Borealis long-term strategy to be a truly global petrochemicals company that continues to invest in major growth markets and is close to its global customers. The study will focus on the location of Dayabay, Huizhou, Guangdong – a key plastics processing market in China and one of the 7 strategic national petrochemicals parks in China in terms of growth and development.
“I am very pleased to announce that we’re conducting this feasibility study, which is a strategic investment step into the world’s biggest chemicals market,” says Mark Garrett, Borealis Chief Executive.
“There is a strong demand for High Pressure technology based advanced materials in China that is mainly driven by Solar, Wire & Cable and other specialty applications. In terms of distribution we can capitalize on the strong Borouge marketing and sales network,” says William Yau, Borealis Senior Vice President Asia Growth.