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...

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