CEO of Austria-based Borealis, Mark Garrett said that, “This project would significantly strengthen Borealis’ position in the CIS markets; adjacent to our home market, with growth rates above WE and significant potential for development of advanced PE business based on our Borstar technology.â€
Zhenis Osserbay, UCC’s chief executive said that, “A polyethylene plant of this scale would be a significant step forward in creating long term, sustainable value for Kazakhstan from its petrochemical industry,†and he also added that, “We look forward to continuing our work with Borealis in developing this opportunity.â€
The scope of the agreement will include the construction of an ethane cracker and two Borstar PE units, with a total capacity of 1.250 ktpa and with a pre-investment in the cracker for future expansion. The final investment decision on the project is expected to be taken in 2020 and start-up would be scheduled for 2025.
Under Armour, Inc. and UNLESS, Inc. are set to introduce a groundbreaking regenerative sportswear collection during Milan Design Week.
Hyosung will exhibit its tailored stretch denim solutions at Kingpins, featuring innovative developments using the company’s Creora and Regen spandex…
The Lycra Company has teamed up with Diamond Denim, a fully integrated textile mill under the Sapphire Group to present…
Trivantage, a leading provider of fabrics, hardware, and accessories, has launched two new additions to the Batyline sling fabric range…
TESTEX has introduced the new Testex Circularity label, designed to support brands and manufacturers by focusing on extending the life…
Better Cotton has launched a new programme to support the growth of eco-friendly cotton farming and encourage sustainable farming practices…