Borealis was the winner of the 2019 Foreign Investment of the Year Trophy. Flanders’ Minister-President Geert Bourgeois handed the trophy to Thomas Van De Velde, vice president of BU Hydrocarbons & Energy at Borealis. The Austrian multinational is funneling EUR 1 billion into the construction of a new propane dehydrogenation plant on its existing site in Kallo, at the Port of Antwerp. “With this investment, Borealis is strengthening the Port of Antwerp’s position as Europe’s largest integrated petrochemical cluster,” said Minister-President Bourgeois.
Borealis was voted the winner following three voting rounds involving a professional jury, the online public and the ceremony audience. The company competed against three other nominees: Chinese packaging expert CPMC, New Zealand logistics player Mainfreight and Japanese pharmaceutical and medtech specialist Nipro.