Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals, and fertilizers, will study the feasibility of a new world-scale propane dehydrogenation (PDH) plant based on Honeywell UOP’s Oleflex™ technology, a reliable and sustainable choice for on-purpose propylene production. Due to excellent logistical position and available experience in the production and handling of propylene, the new plant will be located at the existing site of Borealis in Kallo, Belgium.
As per plans, the feasibility study is expected to be completed in the next nine months followed by the investment decision in the third quarter of 2018 and start-up of the plant in the second half of 2021. The new PDH plant will be one of the largest and most efficient facilities in the world with an annual production capacity of 740 Kiloton per year.
Borealis obtains basic feedstocks such as propane, naphtha, butane and ethane from the oil and gas industry and converts them into ethylene, propylene and other high-value hydrocarbons for use in steam crackers, PDH plant, and other associated production units.
“A new PDH plant of this scale would be a significant investment for Borealis in Europe. It would strengthen our long-term commitment to be the innovative polypropylene and propylene supplier that is meeting the needs of our customers today and in the future,” says Markku Korvenranta, Borealis Executive Vice President, Base Chemicals.
With headquarters in Vienna, Austria, Borealis has around 6,500 employees and operates in over 120 countries. During the year 2015, Borealis generated sales revenue of EUR 7.7 billion and a net profit of EUR 988 million.