Media: Borealis weighing new investment opportunities
Borealis CEO Mark Garrett reportedly said that higher profit margins and earnings combined with low debt levels are helping the company prepare for its next strategic move. Garrett commented that they can produce an additional 1 million tons of output from their Borouge petrochemical complexes by boosting efficiency and that there is no need to construct another petrochemical site in the Middle East due to lower ethane supply in the region.
The company is currently looking at projects in locations such as North America and Russia which have available gas supplies and is also considering investments in recycling polymers in Europe. Media reports commented that Borealis forecasts that the demand for recycled polymers could double in Europe by the end of the decade.
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