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Borealis cancels $6.8 billion petchem project in Kazakhstan

Christian Fernsby |
Borealis announced its decision to not further pursue the development of an integrated cracker and polyethylene project in Atyrau, Kazakhstan.

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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.

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