Borealis to close two melamine low pressure plants in Austria

Markku Korvenranta, Executive VP, Base Chemicals, Borealis.

LINZ, AUSTRIA: Borealis has decided to shut down two melamine low pressure plants with an overall capacity of 30 kilo ton (kt) per year at its site in Linz, Austria. The 10 kt production plant was decommissioned already in January 2010, whilst the second plant with a capacity of 20 kt will follow on June 27.

Continuous investments to improve the efficiency of the state-of-the-art melamine high pressure plants are made within the scope of the EUR 145 million investment project for the production site in Linz. These measures sustainably compensate a large portion of the capacity closure by introducing modern technology. The decision process has been accelerated due to the need for major investments in the melamine low pressure plants, as such investments in low pressure technologies do not pay off in Europe. Borealis will continue to supply its customers with the same reliability and quality as before from its sites in Linz, Austria and Piesteritz, Germany.

“This decision is a major milestone on our mission to improve our competitiveness in a global business environment,” explained Markku Korvenranta, Executive VP, Base Chemicals, Borealis.

(C) WOC News