08 March 2011 15:21 [Source: ICIS news]
LONDON (ICIS)--Borealis has broken ground on its €75m ($104m) semi-commercial catalyst plant at ?xml:namespace>
Completion of the plant is scheduled for the summer of 2012. It will be used to develop new types of catalysts as well as improve processes for catalyst production, the company added.
“This plant enables us to develop new catalysts based on the results of basic research we do at our innovation centre in
"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,” he said.
Borealis chief executive Mark Garrett said: "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
Borealis is also investing approximately €145m over the next three years in
($1 = €0.72)
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