Borealis receives investment grant from Flemish Government
Borealis Polymers in Beringen has received a EUR 1.4 million strategic investment grant from the Flemish Minister of Economy. The Flemish operating unit is currently optimizing its production process.
The Borealis group – an international player in the petrochemical industry –, is investing EUR 25 million in the existing plant in Beringen. The company is procuring a brand-new packing and transshipment system, among other things, and is investing heavily in techniques to further optimize the production process.
The plant in Beringen produces polyethylene and polypropylene, chemicals that that can be made into household goods, furniture, furnishings & fabrics as well as in the communication-, computer- and medical sectors.
The Borealis group has three other business units in Flanders: Zwijndrecht, Kallo and Mechelen. Thanks to these investments, 45 new jobs will be created at the division in Beringen; that brings the total number of employees in Flanders to 625.
Categories
Countries
Companies
Latest news
PureCycle’s First Plastic Recycling Plant in Europe located in Antwerp-Brugges NextGen District, Belgium
The new plant is expected to have an annual capacity of 59,000 metric tons, with opportunities to expand operations with an anticipated total capacity of approximately 240,000 metric tons per year.
CABB site in Kokkola, Finland: vital growth with a focus on sustainability
CABB Group will invest more than EUR 50 million by 2025 in expanding its facilities at its site in Kokkola, Finland. A new office building is also being constructed. Special attention is being pai...
TotalEnergies commissions BioBéarn, the country’s largest anaerobic digestion unit in Mourenx, France
The project will convert 220,000 metric tons of organic waste into 200,000 metric tons per year of digestate, a natural fertilizer, and 160 GWh of biomethane. This new unit allowing to avoid the em...
Borealis, committed to lead the transformation to a circular economy, acquires a majority stake in Renasci’s Ostend facility, Belgium
Borealis increases its financial investment in Renasci to acquire a majority shareholding position of 50.01%. Investment will provide Borealis increasing access to chemically recycled feedstock, st...