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AS The year was an eventful one, with excellent business results, yet full of changes. I personally embrace the idea of change because it is invigorating and keeps things interesting. For someone who has spent his entire career in the petrochemicals industry, it is a privilege to be able to lead this great company, and I thank the Board for their confidence in me.

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We are using cookies to give you the best experience on our site. By continuing to use our website you are agreeing to our use of cookies for analytics and marketing purposes. The steam cracker is one of the most feedstock-flexible in Europe and in addition to ethane, it can also crack naphtha, propane and butane.

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Over the past decade, rapid unconventional oil and gas development in the US resulted in significantly increased ethane availability. Increased ethane rejection reduced ethane prices to parity with natural gas, incentivizing a wave of investment in both domestic consumption and exports. The first waterborne cargo was loaded for Norway in Marchand ethane began reaching Reliance Industries' facilities on the west coast of India in late

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An estimated eight million tonnes of plastic waste ends up in the oceans every year in a mounting threat to marine life, according to the United Nations. Companies from Coca-Cola to Volvo Cars are planning ways to limit use of plastics. Consumer unease about the environmental cost of plastic waste has become a hot political topic. Governments are working to outlaw single-use items such as drinking straws and retailers are rushing to make their packaging more sustainable.

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The project, which is scheduled to start up inwill create around 1, jobs during peak engineering and construction activity. We look forward to working with Borealis and NOVA Chemicals to create world-class facilities and become a major player in the growing U. The JV will commence subject to customary closing conditions, including receipt of regulatory approvals.

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Uncertainty regarding several geopolitical issues — the China-US trade war or the impending, unresolved UK exit from the EU, among others — are causing a slowdown in demand globally as uncertainty becomes the norm, according to Alfred Stern. The complex, with production capacities of around 4. Borealis is also privately owned, a reason why it is not obliged to release detail financial information like publicly-listed companies do. At Borouge, however, we have not been focusing our efforts on one country alone [China].

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MOSCOW MRC -- Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers, has announced the introduction of a new plastics recycling technology, Borcycle, according to Hydrocarbonprocessing. Borealis also announced a series of significant material improvements to existing recyclates in the established Purpolen brand portfolio. These market launches and product improvements are important technology advancements and thus accelerate the transformation to a circular economy of plastics.

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