Abstract
Denmark's Borealis is introducing an innovative polyethylene technology and will use that technology to enter the highly competitive field of technology licensing. Earlier this month, Finnish President Martti Ahtisaari officially opened Borealis' $110 million plant in Porvoo, on the south coast of Finland, which employs the technology. Borealis is already Europe's largest polyethylene producer, with about 3.5 billion lb per year of capacity. The Copenhagen-based firm is a 50-50 joint venture of Finland's oil company Neste and Norway's oil and gas producer Statoil. The plant has a capacity of 264 million lb per year—on the small side for modern polyethylene plants, but the right size to prove out the technology, says Borealis Chief Executive Officer Juha Rantanen. The Borstar II technology combines a slurry loop reactor employing supercritical propane with a specially designed gas-phase reactor to produce bimodal polyethylene. Borealis officials say the slurry reactor helps provide swift start-ups and fast...
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