Borealis cancels $6.8 billion petchem project in KazakhstanChristian Fernsby ▼ | May 20, 2020
Borealis announced its decision to not further pursue the development of an integrated cracker and polyethylene project in Atyrau, Kazakhstan.
Topics: Borealis Kazakhstan Borealis signed a Joint Development Agreement (JDA) with the the state-owned Kazakh company United Chemical Company in 2018. UCC put the estimated total investment figure for the petchem project at $6.8 billion. ■