Big league investment
Borealis’ Flanders-based project is one of the largest investments made in the European chemical industry in the past decade. The Austrian company has earmarked nearly EUR 1 billion to build a new state-of-the-art factory in the town of Kallo, more specifically at its current site at the Port of Antwerp.
The new plant will mainly produce propylene, the raw material for sturdy plastics that will be used to make all kinds of packaging, garden furniture, straws and car parts. The factory is planned to be ready by 2022 and will create approximately 100 new jobs. During the construction phase, up to 2,000 people will be working at the building site.