Canadian Plastics

Borealis cancels petrochemical project in Kazakhstan

The Austria-based chemical supplier has scrapped the proposed development of a world-scale integrated ethane cracker and polyethylene project in Kazakhstan due to COVID-19 uncertainties.

May 19, 2020   Canadian Plastics

Austria-based chemical supplier Borealis has announced that it is not proceeding with the development of a world-scale integrated ethane cracker and polyethylene (PE) project in Kazakhstan.

“The decision to discontinue this project is based on a thorough assessment of all aspects of the prospective venture and impacted by the effects of the COVID-19 pandemic as well as the increased uncertainty of future market assumptions,” Borealis officials said in a May 19 statement.

The project was first announced in March 2018, followed by a feasibility study that ran until the first quarter of 2019.


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