Borealis Holding AS has decided to complete construction of a polyethylene plant at Porvoo, Finland, which had been put on hold by parent company Neste Oy.
The 120,000 metric ton/year plant is slated to go on stream in fourth quarter 1995, having originally been expected in production this year.
A depressed polyolefins market and surplus capacity in European polyethylene production caused the postponement.
"We are cautiously optimistic about the polyolefins market," said a Borealis official, "but the main reason the project was revived is to increase Borealis' competitiveness in polyethylene."
The plant is d...