本社 デンマーク・コペンハーゲン Borealis Olefin/Polyolefin
Noretyl : Hydro Polymers とのエチレンJV
Borealis to build new 350kt PE plant, to
add 90kt PP in Austria
polypropylene product made from natural gas
to expand LLDPE capacity by 80kt/yr at Porvoo, Finland
Borealis expands polypropylene plant and
Noretyl JV cracker in Norway
sells petrochemicals site in Portugal to Repsol YPF
1997/9 OeMV(オーストリア） と IPIC(アブダビ）、NesteのBorealis
acquires PCD from OMV
2005/10 Statoil finalises sale of
confirms Bamble HDPE closure
announces 4 year investment programme in Bavaria of EUR 1.1 bn
production by 110,000 tons per year to 450,000
production by 315,000 to overall 560,000 tons. （a new metathesis plant）
Borealis： 330,000 ton polypropylene plant
Burghausen from 415,000 to 745,000 tons of polyolefin）
2006/9 OMV and Borealis celebrate joint
investment in Austria
Borealis ：350,000 tonnes per
year Borstar® polyethylene plant
polypropylene plant from 210,000 to 300,000 tonnes per year in
OMV ： ethylene
capacity by 150,000 tonnes to 500,000 tonnes
capacity by 100,000 tonnes to 400,000 tonnes per year.
and IPIC to bundle chemistry activities into subsidiary Borealis
2007/1 Borealis invests
EUR 90 million to further develop its polypropylene business
2007/3 Borealis announces
EUR 370 million investment for 350,000 t/y LDPE plant
sells its petrochemical business in Norway to Ineos
and Borealis: Significant expansion of Burghausen site for
leading position in petrochemical industry
2008/11 LyondellBasell grants Lupotech T
license to Borealis
2009/10 Borealis acquires 24.9% of Nova
and Borealis Sign Catalyst Agreement
Hydro とのＪＶのNoretyl の同社持分
Polymers Antwerp （PE 125)
・2004年にポルトガルのBorealis Polimeros LdaをRepsolに売却（エチレン350、プロピレン
180、LDPE 145、HDPE 130）
Receives Borealis Contract for Polymer Facility in Germany
Engineering Group Inc. announced today that a subsidiary
company received a contract from Borealis to provide
engineering, design, and construction management services for
a polymer production facility in Burghausen,
did not disclose the contract value for the new facility,
which is scheduled for commissioning in 2007.
kton/a facility will use Borealis'
proprietary Borstar(R) technology to produce polypropylene. Borealis is
Europe's second largest manufacturer of plastics and a global
leader in the industry. The Burghausen location is part of
the firm's Hub Central Europe, one of four hubs that Borealis
operates in Europe.
||A fully integrated
petrochemical complex located east of Helsinki is
concentrating on manufacturing and selling petrochemical
products such as olefins (ethylene, propylene and
butadiene) phenol and aromates (acetone, benzene and
cumene), as well as polyolefins − polypropylene, polyethylene and
Ronningen site southwest of Oslo produces PE, PP and
compounded products. Ethylene and propylene feedstock is
provided by a joint venture known as Noretyl.
||The site at
Stenungsund north of Gothenburg is a fully integrated
petrochemical complex. A unimodal PE plant is being
upgraded with Borstar technology to a bimodal plant with
a capacity of 225 KT annually.
Located in the north-east of Belgium, this Borealis site
produces PE, PP and compounds. Beringen houses technical
support units for PP fibre and BOPP film applications, as
well as support units for both PE and PP moulding.
Borealis in Kallo produces PP includes also NSP Olefins,
a former J/V with Shell until December 31, 2002. Borealis
has in total a 480,000 t/a of propylene capacity.
Antwerpen Compounding N.V.
Polymers Antwerp N.V.
Speciality Polymers Antwerp is a 50-50 joint venture
between DuPont and Borealis. The company manufactures
polyethylene at a 125.000 tonnes/year high pressure
Borealis in Burghausen, east of Munich is a part of the
"South East Bavarian chemical triangle". It
produces both PE and PP. The site is a fully integrated
part of Borealis in Austria.
The Schwechat site near Vienna airport produces both PE,
PP and compounds, and is Borealis' first commercial
production site of Borstar PP. The new plant has an
annual production capacity of 200 kilotonnes per year
(KT/y). Start up was in May 2000.
Borealis to increase LLDPE, PP capacity at Austria's
LLDPE capability was set to rise by 350,000 mt/yr at a
cost of Eur200-mil. Three existing lines with a total
capacity of 200,000 mt/yr were to be mothballed, meaning
the net gain in output at the site would be 150,000
The company said capacity of the existing PP plant at the
site, Borstar, would rise by 90,000 mt/yr to 300,000
mt/yr. The new capacity was due to come onstream in 2005.
The Sines site is a fully integrated petrochemical
complex, producing both olefins and polyolefins, located
near a small community south of Lisbon. The Technical
Centre provides support to the PE and Pipe Business Units
Borealis sells petrochemicals site
in Portugal to Repsol YPF
Borealis Compounds LLC is a materials specialist with a
line for superclean cable insulation products, plus
compounding units for other cable materials including
carbon-filled semiconductor grades.
Borealis-OPP is a joint venture of Borealis (80%) and the
Brazilian company Braskem S.A. (20%). The joint venture
has taken over OPP’s
(now Braskem) current 50,000 tonnes/year (t/a)
compounding business and assets in Brazil, and is serving
customers in the automotive and home appliances
industries in South America.
Borealis-OPP has two production sites in Brazil: in
Triunfo, with a capacity of 26,000 t/a; and in Itatiba,
with a capacity of 24,000 t/a. The J/V employs
approximately 130 employees.
||Abu Dhabi Polymers
Company Limited (Borouge)
Borouge (Abu Dhabi Polymers Company Ltd.) is the
production company of a joint venture between Borealis and the
Abu Dhabi National Oil Company (ADNOC), owned 60% by ADNOC and 40% by
The construction of the petrochemical complex in Ruwais,
United Arab Emirates, was completed December 2001.
The site consists of an ethylene-based cracker with an
annual output capacity of 600 KT and two polyethylene
lines of 225 KT each which utilise Borealis' Borstar PE
The complex will have approximately 400 employees.
Borealis takes its name from
aurora borealis, also known as the northern lights.
The result of the merger of the petrochemicals and
polyolefins businesses of Finland's Neste and Norway's Statoil
Borealis' main business is
polyethylene (PE) and polypropylene (PP). We are one of the
leading producers in Europe and also a significant supplier in
key markets around the world. Our head office is in Denmark, just
The Borealis Group produces over 3 million tonnes of PE and PP
each year, and employs nearly 5,200 people. The output from our
main manufacturing sites and compounding units is plastics raw
material that can be found in thousands of everyday products from
diapers, food packaging and houseware, to cars and trucks, pipes
and power cables.
Borealis' foundation for growth is Borstar, an innovative
technology developed by us which offers PE and PP materials that
are stronger and more easily processed than conventional
BOREALIS STARTS UP ON MARCH 1
A New Star in the Petrochemicals Sky
The official start-up of Europe's newest major petrochemicals
and polyolefins company, Borealis, took place today. The
result of the merger of the petrochemicals and
polyolefins businesses of Finland's Neste and Norway's
represents the single most important step forward yet in the
restructuring of the industry in Europe. Borealis is also the
largest industrial merger between Nordic companies to date.
July 15, 2003 Financial
Austria/ new polyethylene plant and extra polypropylene capacity
Borealis has announced that
it is to spend EUR 200 M on extra polyolefins capacity at
Schwechat, Austria. A new 350,000 tonnes/y polyethylene plant is due online in 2005, using
the Borstar process, enabling 3 older polyethylene production
lines to be closed. The capacity of a polypropylene plant on
the site is to be increased by 90,000 tonnes/y.
First polypropylene product made from natural gas
As a result of co-operation
between Lurgi, Statoil and Borealis, the world’s first Borstar® polypropylene cups have been created
using propylene from Lurgi’s new MTP® (Methanol-to-Propylene)
Borealis to expand LLDPE capacity
by 80kt/yr at Porvoo, Finland
Scandinavian polyolefin producer, Borealis, would increase its
linear low density polyethylene production capacity at its Porvoo
facility, Finland, by 80,000 mt/yr, a company source said
Borealis expands polypropylene plant and Noretyl JV cracker in
Borealis will expand its Noretyl
ethylene cracker, a 50:50 joint venture with Hydro Polymers at Rafnes with 100,000 tonnes, and
debottleneck its own polypropylene plant at Ronningen. The two
Norwegian projects will be completed in the autumn of 2005.
The annual polypropylene
production capacity will increase from 105,000 to 175,000 tonnes.
Noretyl AS http://www.noretyl.com/engelsk/index.htm
Noretyl AS owns and operates
the Ethylene plant (cracker) at Rafnes*. The Ethylene plant
started up in 1977.
(* adjacent to Hydro Polymers' Rafnes plant)
Noretyl AS was established 1. January 2001 and is owned by
Hydro and Borealis with 50% each. The owners are responsible
for providing feedstock and selling products. The
mainproducts are used as raw materials in the owners
production of VCM, polyethylene and polypropylene.
Feedstock: Ethane, propane and butane
Main products: Ethylene and propylene
Capasity: 450 000 tons ethylene and 68 000 tons propylene per
By-products: Crude C4's pyrolysis gasoline and pyrolysis oil
Borealis sells petrochemicals
site in Portugal to Repsol YPF
Repsol YPF announced that its Chemicals Division has
signed an agreement with Borealis A/S to purchase Borealis Polimeros Lda. that includes all assets of the
petrochemical complex at Sines, Portugal. The completion of the
transaction is subject to authorisation by the European
Based on 2003 capacities, the site comprises a cracker with a
volume of approximately 350,000 tonnes of ethylene and 180,000
tonnes of propylene and two polyethylene plants, a low density
plant with a production capacity of 145,000 tonnes and a high
density plant of 130,000 tonnes.
This agreement strengthens Repsol YPF’s strategic lines and allows for new
development in two core businesses, olefins/base petrochemicals
and polyolefins. This purchase gives Repsol YPF stronger presence
in European markets and complements its product portfolio with
new applications currently not manufactured at the Puertollano
and Tarragona complexes in Spain.
The implication of this deal is a 38% increase in Repsol YPF’s cracker production capacity. In
addition, it means a 28% increase in production capacity in total
polyolefins and a 55% increase in polyethylene.
Following the signing ceremony, Ramon Blanco, Repsol YPF’s Chief Operating Officer, noted, “This acquisition reflects the importance
to Repsol YPF of its Portuguese clients and it highlights the
increasing economic exchanges between both countries and the
strength of their mutual business activities.”
Borealis is a leading, innovative
provider of plastics solutions with main production sites in
Europe and the Middle East. John Taylor, Borealis’ Chief Executive, commented that, “This divestment will allow us to
concentrate on our four major European sites: Austria, Belgium,
Finland and Scandinavia, thus strengthening competitiveness and
sustaining future growth.” Iberia
remains an important market for Borealis and it will maintain its
Customer Service Centre in Barcelona.
This agreement is in line with both companies’ strategies, enhancing competitiveness and
improving efficiency, in a challenging plastics industry
Borealis Olefin/Polyolefin capacities pre/post Portuguese
divestment (Kt p.a.)
Data refers to end 2003 capacity to align with EU commission
Figures not updated for expected 2004 changes.
1997/9 OeMV(オーストリア） と IPIC(アブダビ）、NesteのBorealis
OeMV(オーストリア） と IPIC(アブダビ）
は，フィンラン ドの Neste Oy が
は現在，フィンランドの Fortum グルー
Borealis plans to acquire PCD, welcomes new owners
Borealis, Europe’s leading producer of polyolefins
plastics, today announced plans to acquire PCD of Austria.
According to the memorandum of understanding, Borealis will
acquire PCD from its current owner, OMV, as of January 1, 1998. The
acquisition is related to another move announced today regarding
the future ownership structure of Borealis.
has disclosed plans to sell its 50% shareholding in Borealis to
International Petroleum Investment Company (IPIC) of Abu Dhabi,
and OMV, the
integrated Austrian oil and gas company. IPIC and OMV will
each have a 25% shareholding; Statoil will retain its 50% shareholding. With some 1,000
employees, PCD produces approximately 445,000
t/a of polyethylene and 410,000 t/a of polypropylene at sites in Austria and Germany.
Petroleum Investment Company）
IPIC was created in 1984 as a 50-50 venture
between ADIA and the
Abu Dhabi National Oil Co. (ADNOC) to
focus on oil-related acquisitions overseas.
ADIA：Jointly owned by the Abu Dhabi Investment Authority (ADIA)
and the National Bank of Abu Dhabi (NBAD)
, the company is now one of the leading Gulf based financial
Change in Borealis ownership structure underpins future growth
The International Petroleum
Investment Company (IPIC) of Abu Dhabi and OMV Aktiengesellschaft
have announced today their agreement to purchase Statoil’s 50% shareholding in Borealis
As a result, the new Borealis ownership will be 65% IPIC and 35%
will continue as a major long-term feedstock supplier to
Borealis is also
joint owner with the Abu Dhabi National Oil Company of the
Borouge polyolefins company in Abu Dhabi.
Borealis has anounced a Eur 36 million investment at its
Porvoo site in Finland where ethylene capacity will increase
from 330,000 to 380,000 tonnes and propylene from 200,000 to
223,000 tonnes in 2007.
Statoil finalises sale of Borealis
Stock market announcement
Statoil ASA has
closed the sale of its 50 per cent holding in the Borealis
Statoil has received EUR 1 billion (NOK 7.8 billion) for the
transaction which gives a book profit of NOK 1.5 billion.
The buyers, International Petroleum Investment Company (IPIC)
and OMV Aktiengesellschaft, which earlier together owned 50
per cent of the petrochemicals group, now own 65 per cent and
35 per cent respectively.
Statoil has long-term agreements to supply Borealis with
feedstock from the Norwegian continental shelf.
British Plastics &
Borealis confirms Bamble HDPE closure
Borealis today confirmed
that its 110,000 tonnes HDPE plant at Bamble in Norway will close
later this year, as expected from the company's announcement at
the beginning of February. Around 100 employees will be affected
by the closure.
A statement from Borealis says: 'Our aim is to now focus on
improving the competitiveness of our low density polyethylene and
polypropylene plants in Bamble in synergy with the total
operations of hub Scandinavia and on cost competitive feedstock
opportunities in the region. This is a further step by Borealis
to strengthen its European operations.'
OMV and IPIC to bundle chemistry activities into subsidiary
and IPIC intend to incorporate their holdings in AMI Agrolinz
Melamine International into their joint subsidiary Borealis within the first half of 2007
in the AMI Supervisory Board as of 1 January 2007
continues to focus on core business
OMV, Central Europe's leading oil and gas group, continues to
focus on its core business: Exploration & Production,
Refineries & Marketing and Gas. In this context OMV, together
with its core shareholder IPIC, is planning on incorporating AMI
Agrolinz Melamine International GmbH (AMI), one of the leading
producers internationally of melamine and plant
nutrients, into Borealis. OMV and IPIC each hold 50% of
AMI. The final decision will be made in the course of the first
half of 2007. Borealis is Europe's second largest producer of
plastics and is headquartered in Vienna. As a holding company,
Borealis will provide excellent support for AMI's further
international expansion. AMI's headquarters will remain in Linz
For OMV this has the advantage that its strategic focus on its
core business will be further strengthened, while at the same
time OMV will profit from the growing plastics market enhanced by
the assets of AMI via its investment in Borealis. Overall, this
measure constitutes the last step in AMI's strategic
repositioning, which started in May 2005 with IPIC's
acquisition of 50% of the company.
The establishment of a production facility for melamine
in Ruwais- also located in Abu Dhabi - is
being pursued by AMI and ADNOC. This site will have an annual
capacity of 80,000 tons. In 2005 the AMI Group had a workforce of
around 1,000 and sales of EUR 470 million. Borealis had sales of
EUR 4.8 bn and a workforce of 4,543.
AMI Agrolinz Melamine
AMI Agrolinz Melamine
International GmbH is a 50% owned OMV and IPIC (International
Petroleum Investment Company) subsidiary, which upgrades natural
gas into high-value agricultural and industrial raw materials. The company's main products are
melamine and plant nutrients. In the melamine sector, AMI is the
market leader in Europe and the global number two. It also
occupies a leading ranking in the plant nutrients market in the
The AMI Group consists of the core companies AMI Agrolinz
Melamine International GmbH, located in Linz (A), the fully
owned subsidiary Agrolinz Melamine International
based in Castellanza (I), the Agrolinz Melamine
International Deutschland GmbH located in Piesteritz /
Saxony-Anhalt and the Trading Company for fertilizers LINZER AGRO TRADE
companies in Hungary, the Czech Republic and Slovakia, as well as
the sales companies Agrolinz Melamine International North America
Inc., Chicago, USA and Agrolinz Melamine International Asia
Pacific Pte Ltd., Singapore. The AMI Agrolinz Melamine
International Group has a workforce of around 1,000 and sales of
EUR 394 million.
2005 with IPIC's acquisition of 50% of the company.
with nitric acid !
Linz has been a location for large-scale, industrial
chemicals production for 60 years.
The beginning was formed by Stickstoffwerke Ostmark AG
(renamed in 1946 as Osterreichische Stickstoffwerke AG and in
1973 as Chemie Linz AG), which utilized the coke oven gas
produced by the neighboring "Reichswerken Hermann
Goring" iron and steel plant.
During the post-war economic boom, the plant gradually
expanded its production. Fertilizer production developed into
Agro-Chemie, which manufactured a wide range of agricultural
pesticides, growth regulators and animal feed additives.
Using nitrogen as a basis, Chemie Linz AG extended its
program to include acrylonitrile, urea and melamine, for
which a new and highly attractive process was created.
Furthermore, the Linz chemical industry attained an
international standing in the area of organic chemicals.
Pharmaceuticals also have long traditions in Linz. Apart from
an extensive program of medicines, Chemie Linz AG developed
an international business with active substances,
intermediate products and fine chemicals.
Research and development was and is the core of company
activities. In addition, application technology, project
planning and realization, as well as certain engineering
services are provided in the Linz Chemiepark. The result is a
pool of experience and know-how, which now extends from basic
products to performance chemicals.
Specialization and a concentration on core business are
modern business maxims, which in combination with intensified
competition have given the Upper Austrian chemicals industry
location a completely new face. The Chemiepark has evolved
from the multi-divisional Chemie Linz AG and now provides a
home to around 40 companies, which take full advantage of the
Borealis invests EUR 90 million to further develop its
Borealis, a leading provider of innovative, value creating
plastics solutions, will invest EUR 25 million to expand the
capacity of its PP plant in Porvoo, Finland, by 65,000 tonnes
per annum (tpa) to 220,000 tpa by the end of 2008. The increased
capacity will meet rapidly growing customer demand for innovative
plastics solutions in the pipe and advanced packaging markets and
better supply the developing Russian market.
remaining Eur65 million would be spent on the extension of
its product range at its units at Schwechat, Austria with a
combined capacity of 435,000 mt/year.
announced that it is expanding its plant at Burghausen in Germany
330,000 tpa Borstar(R) PP.
Borealis announces EUR 370 million investment for the wire and
invests EUR 370 million in its wire and cable business
350,000 t/y low-density polyethylene (LDPE) plant
and streamlining of compounding
of old 230,000 t/y high-cost polyethylene capacity
Borealis, a leading provider of innovative, value creating
plastics solutions, will invest EUR 370 million in Stenungsund,
Sweden, enhancing its capability to provide advanced materials
for the growing wire and cable market, as well as for the Nordic
The project, due for completion at the end of 2009, includes a new 350,000 t/y
high-pressure LDPE plant, modernisation and streamlining of
compounding, and related material handling facilities. 230,000 t/y of
old, high-cost polyethylene capacity will be shutdown.
The total polyethylene capacity at Stenungsund will increase from 580,000 t/y
to 700,000 t/y,
making it a leading world-scale facility for advanced
2007/6/5 Borealis Ineos
Borealis sells its petrochemical business in Norway to Ineos
Sale of Norwegian polyolefins business and share in Noretyl gas
cracker to Ineos
Creation of independent innovation company
Group support functions remain in Norway as a separate unit
Continuing with the restructuring of its Norwegian operations,
Borealis AS announces that it has reached an agreement to sell its
petrochemical business in Bamble, Norway, to Ineos for EUR 290 million. It has also
been decided to create a new independent innovation company to
take over its innovation centre in Bamble and to retain the
existing group support functions at the location as a separate
The facilities sold to Ineos comprise a 175,000 tonne per
year (t/y) polypropylene (PP) unit and a 140,000 t/y low density
polyethylene (LDPE) unit, as well as a 50% share of the
557,000 t/y Noretyl gas cracker. The polyolefin units manufacture
plastics mainly for the growing moulding, film and fibre, and
extrusion coating industries in Northern Europe.
注 Borealis Home Page ではPE能力は270千トンとなっている。
HDPE 130 →110 →閉鎖（検討）
Borealis 50% →Ineos
Norsk Hydro 50% →Norsk HydroのHydro PolymerをIneos
Borealis evaluates possible
closure of HDPE
plant in Norway
The HDPE plant in
Norway is one of three production units in Bamble, 160
kilometers southwest of Oslo. The plant started up in 1979
with a capacity of 50,000 tonnes per year and after several
debottleneckings, the capacity is today 110,000
per year. The main products are in the areas of blow moulding
and rotomoulding e.g. materials for bottles and leisure
The acquisition of
Borealis AS follows the recent announcement made by INEOS
Capital, to buy Norsk Hydro ASA's polymers
business (Kerling) and completes the
total purchase of the Noretyl cracker, a 50:50 Joint Venture
between Norsk Hydro and Borealis AS. The opportunity to
purchase both shareholding interests in the Noretyl cracker
presents INEOS with unique benefits by bringing the
businesses at Rafnes under a single ownership.
The acquisition of Borealis AS provides a complementary fit
with its existing Olefins and Polyolefins portfolios,
technology and expertise. It also improves integration into
key feedstocks allowing the company to optimise across its
existing assets in Scotland (Grangemouth), Benelux (Antwerp,
Lillo and Geel), Germany (Köln and Wilhelmshaven) and
France (Lavéra) giving INEOS an extended
geographic reach in European Markets.
OMV and Borealis: Significant expansion of Burghausen site for
leading position in petrochemical industry
and Borealis invest EUR 840 mn in the expansion of their
petrochemical production capacities
of ethylene production to 450,000 t per year; increase of
propylene production to 560,000 t; increase of
polypropylene production to 570,000 t
plants successfully on stream with the implementation of
the innovative Borstar(R) and metathesis technologies
of polypropylene capacities to address growing demand for
advanced packaging products and medical applications
Ceremony on September 10, 2008 under the patronage of
Emilia Muller, State Minister of Bavaria for Economy,
Infrastructure, Transportation and Technology
LyondellBasell grants Lupotech T license to Borealis
Borealis AG has selected LyondellBasell’s Lupotech T technology for a new 350 KT per year
low density polyethylene (LDPE) plant; start-up is expected in
The location has yet
to be decided. It is the second LyondellBasell license taken
by Borealis in the past three years.
Apr 06, 2010 W.R.Grace
Grace and Borealis Sign Catalyst Agreement
W.R.Grace & Co. today announced a new multi-year agreement to
supply polypropylene catalysts to Borealis AG, a leading provider
of chemical and innovative plastics solutions. Financial terms
were not disclosed.
The catalysts are used in the production of polypropylene, a
plastic polymer that is a versatile substitute for wood, metal,
glass and other plastics. Grace polypropylene catalysts are used
to make specialty plastics for applications in automobile parts,
household appliances and consumer product packaging.
"This agreement is a reflection of our ongoing strategic
direction to expand into the polypropylene catalyst segment
through greater collaboration with a technology leader,"
remarked Tony Dondero, Vice President and General Manager of
Grace Davison Specialty Catalysts and Process Technologies.
"We are working together to meet the growing demands for
this versatile polymer."
"Borealis is an established industry innovator and we are
extremely pleased to continue to expand our relationship,"
commented Greg Poling, Vice President of W. R. Grace & Co.
and President of Grace Davison. "We look forward to
developing new and next generation catalyst technologies and
greater manufacturing capabilities with them."
Grace and Borealis have worked together for many years. In 2002, Grace acquired
Borealis catalyst manufacturing assets, including catalyst production
facilities in Stenungsund, Sweden and catalyst manufacturing
equipment located in Porvoo, Finland. Through that transaction
and a related licensing agreement, Grace began to produce, market
and sell Borealis' proprietary catalysts on a global basis.
Borealis is a leading provider of chemical and innovative
plastics solutions that create value for society. With sales of
EUR 4.7 billion in 2009, customers in over 120 countries, and
5,200 employees worldwide, Borealis is owned 64% by the
International Petroleum Investment Company (IPIC) of Abu Dhabi
and 36% by OMV, the leading energy group in the European growth
belt. Borealis is headquartered in Vienna, Austria, and has
production locations, innovation centers and customer service
centers across Europe and the Americas. Through Borouge, a joint
venture between Borealis and the Abu Dhabi National Oil Company
(ADNOC), one of the world's major oil companies, the company's
footprint reaches out to the Middle East, Asia Pacific, the
Indian sub-continent and Africa. Established in 1998, Borouge
employs approximately 1,400 people, has customers in more than 50
countries and its headquarters are in Abu Dhabi in the UAE and
Singapore. Today Borealis and Borouge manufacture 4.4 million
tonnes of polyolefins (polyethylene and polypropylene) per year.
For more information visit: www.borealisgroup.com and
Grace is a leading global supplier of catalysts and other
products to petroleum refiners; catalysts for the manufacture of
plastics; silica-based engineered and specialty materials for a
wide range of industrial applications; sealants and coatings for
food and beverage packaging, and specialty chemicals, additives
and building materials for commercial and residential
construction. Founded in 1854, Grace has operations in over 40
countries. For more information, visit Grace's web site at www.grace.com.
Grace has two operating segments, Grace Davison that
provides specialty chemicals, materials and formulation
technologies, and Grace Construction Products that produces
specialty construction materials, systems and services that
strengthen, enhance and protect structures.
Borealis and First Energy Bank acquire 20.3%
of Neochim AD
Borealis, a leading provider of innovative solutions in the fields of
polyolefins, base chemicals and fertilizers, together with
First Energy Bank of Bahrain, announced today that they have formed
a joint venture in Bulgaria called FEBORAN AD. On
December 21, 2013, FEBORAN purchased 20.3% of the shares
of Neochim AD, a company listed on the Sofia stock exchange.
Neochim is Bulgaria’s leading producer and distributor of
fertilizers and accounts for a significant share of Bulgaria’s ammonium
nitrate output. Neochim is a publicly listed company under the Public Offering
of Securities Act, and operates one ammonia plant, two
nitric acid plants and an ammonium nitrate plant in Dimitrovgrad in
“This investment is again in line with our strategy to grow our fertilizer
business and to maintain our number one position in Central and Eastern Europe”,
says Mark Garrett, Borealis Chief Executive. “First Energy Bank is a co-investor
with sound financial credentials. This cooperation allows us to further
strengthen our position in the growing Bulgarian market at a time when Borealis
is investing into the integration of the recent acquisition GPN SA, now renamed
Borealis Chimie SAS, in France.”
“We believe that fertilizers in Europe offer attractive business opportunities
with further potential for growth particularly in Central and Eastern Europe,”
explains Markku Korvenranta, Borealis Executive Vice President Base Chemicals.
“Neochim is a well-managed dedicated fertilizer company with competitive plants
and an advantageous logistics position. Borealis L.A.T will be distributing part
of the production through its distribution network.”
“First Energy Bank welcomes the co-operation with Borealis in the joint
investment in Neochim,” says Mohamed Ghanem, Chief Executive Officer, First
Energy Bank. “This investment extends our investment portfolio both
geographically into Europe and into a fast-growing market. Furthermore, it
reinforces our strategy of participating in the energy sector and investing in a
well established petrochemical entity in Bulgaria.”
About First Energy Bank
First Energy Bank B.S.C.(c) (FEB) is an Islamic investment bank licensed by the
Central Bank of Bahrain and headquartered in Manama, Kingdom of Bahrain. The
Bank focuses on investments in the production, transportation, storage and
refining of hydrocarbons, as well as oilfield services and energy sector
technologies. FEB also explores new opportunities to invest in the development
of power generation capacity and renewable energy technologies.
FEB was established in June 2008, with an authorized share capital of US$2
billion, and a paid up capital of US$1 billion consisting of 1 billion ordinary
shares each with a par value of US$1. The bank’s shareholders include a range of
organizations and individuals with interests in the energy sector from the
Kingdom of Bahrain, the United Arab Emirates, Libya, the Kingdom of Saudi
Arabia, and other countries in the region.
About Neochim AD
Neochim AD is one of Bulgaria’s leading producers of fertilizers and organic and
inorganic chemicals, accounting for the majority of the country’s ammonium
nitrate output. Neochim is a public company under the Public Offering of
Borealis signs long-term
Borealis, a leading provider of innovative solutions in the fields
of polyolefins, base chemicals and fertilizers, has signed a 10-year
agreement with Antero Resources to supply
ethane from the United States for its flexible steam cracker in
Stenungsund, Sweden. The project also includes a shipping
agreement with Navigator Holdings and a related multi-million
investment in an upgrade of the cracker and the construction of an
ethane storage tank. The ethane supplied from the US complements the
recently signed ethane supply contract with Statoil providing
Borealis with an alternative attractive source of feedstock for its
petrochemical plant in Sweden.
Supply and shipping agreements with
Antero Resources and Navigator Holdings
Antero Resources will supply ethane originating
from the Marcellus and Utica shale formations
to Borealis in Stenungsund. The company has signed parallel
fractionation, pipeline and terminal service contracts to enable
free on board (FOB) delivery at the Marcus Hook terminal operated by
Sunoco Logistics. The first delivery of ethane is planned for late
A related long-term shipping
agreement has been signed with US-listed Navigator Holdings, one of
the largest owners and operators within the handysize liquefied gas
carrier segment. For this purpose, Navigator will build a new, 35000
cbm state-of-the-art ethane vessel equipped with dual fuel engines.
The vessel will be among the most modern in the world and will
ensure cost effective, safe and reliable transport of ethane to
Related multi-million investment in
The ethane supply coming to
Stenungsund by ship will be stored in a purpose-built, fully
refrigerated ethane tank. A lump-sum turnkey agreement has been
signed with TGE Gas Engineering GmbH to construct the tank. In
parallel, Borealis will also upgrade its steam cracker to enable
increased ethane cracking.
Borealis' cracker in Stenungsund
is one of the most feedstock-flexible crackers in Europe. In
addition to ethane, it can also crack naphtha, propane and butane.
Stenungsund has significant liquefied petroleum gas (LPG) storage
capacity, allowing the company to source LPG from various sources
with vessel sizes ranging up to very large gas carriers.
"We need to take advantage of the
significant shift in ethane availability triggered by the US shale
gas boom," says Mark Garrett, Borealis Chief Executive. "In an
increasingly challenging environment in Europe this is an exciting
opportunity to increase the competitiveness of our integrated
"The ethane contract with Antero
Resources in combination with the recently renewed North Sea-based
ethane contract with Statoil provides us with an ideal portfolio of
sources balancing cost competitiveness and supply security,"
comments Markku Korvenranta, Borealis Executive Vice President Base
Chemicals. "This contract and the related investments underline our
commitment to further strengthen our monomer position in Europe."
Note to editors
Borealis' olefins and polyolefins
portfolio in Europe is built around integrated crackers and
derivative complexes in:
- Porvoo, Finland
- Stenungsund, Sweden
- Kallo, Belgium
- Schwechat, Austria
- Burghausen, Germany
capabilities position the company among the leading and most
innovative suppliers to the polyethylene (PE) and polypropylene (PP)
market in Europe.
Borealis acquired full ownership of
Speciality Polymers Antwerp N.V.
Borealis, a leading provider in the
fields of polyolefins, base chemicals and fertilizers, announced
today that it has completed the acquisition of DuPont Holding
Netherland B.V. shares of
Previously, Speciality Polymers Antwerp N.V., located in Zwijndrecht
(Antwerp, Belgium) was a joint venture between
DuPont Holding Netherlands B.V. (67%), Borealis Polymers N.V.
and Borealis Kallo N.V. (together 33%).
"The acquisition of the full
ownership of Speciality Polymers Antwerp is in line with our
strategy to grow our polyolefin business in specific market areas",
says Mark Garrett, Borealis Chief Executive. "Acrylate copolymers,
which are part of a broader portfolio of specialty polymers produced
at Speciality Polymers Antwerp, are an important building block for
our value-added products sold into our core Energy & Infrastructure
Under the new arrangement, DuPont
will continue to serve the market with
ethylene vinyl acetate (EVA) and
acrylate copolymers and Borealis will supply DuPont with
ethylene vinyl acetate (EVA) and acrylate copolymers from the
Specialty Polymers Antwerp facility.
Borealis intends to fully
integrate the new site and its employees into the Borealis
organisation. The company will start the full integration of the
site and its activities, a process in which safety and business
continuity will be key.
Borealis signs an
agreement to acquire full ownership of Speciality
Polymers Antwerp N.V.
Borealis, a leading
provider in the fields of polyolefins, base chemicals
and fertilizers, announced today the signing of an
agreement with DuPont Holding Netherlands B.V. to
purchase the company's 67% shareholding in Speciality
Polymers Antwerp N.V.
"The acquisition of the full ownership of
Speciality Polymers Antwerp is in line with our strategy to grow our polyolefin
business in specific market areas", says Mark Garrett, Borealis Chief Executive.
"Acrylate copolymers, which are part of a broader portfolio of specialty
polymers produced at Speciality Polymers Antwerp, are an important building
block for our value-added products sold into our core Energy & Infrastructure
Borealis, DuPont launch JV in Belgium;
will produce high-pressure copolymers
Borealis, a leading polyolefin plastics producer, and DuPont have
launched a manufacturing joint venture —
Speciality Polymers Antwerp N.V. — in Zwijndrecht, Belgium, to
manufacture high-pressure copolymers. Terms were not disclosed.
The new company manufactures
ethylene copolymers and polyethylene at an
existing 125,000 ton/year plant formerly owned and
operated by Borealis. In the new joint venture, Borealis retains
a 50% stake in the Zwijndrecht facility, while DuPont, a global leader
in specialty ethylene copolymers, acquires the other 50%. （その後、67%/37%に）
DuPont also acquires Borealis'
current "Borflex" ethylene acrylate copolymer
business and related technology. Borealis retains technology
rights for its wire and cable compounds business.
"The joint venture and the Borflex
business deliver quick growth and diversification of our ethylene
copolymers in the European region," says Jerome Smith, president of
DuPont Packaging and Industrial Polymers (P&IP).
The investment demonstrates DuPont's
intent to further develop the European ethylene copolymers market and to
increase the company's regional production capacity, according to David
McFall, P&IP's business director for Europe.
DuPont's investment will include
further development of ethylene vinyl acetate (EVA) and ethylene
acrylate copolymer technology at the joint venture site to
complement other strategic ethylene copolymer expansions and technology
investments in North America and other regions.
From Borealis' standpoint, partnering
with DuPont will help quicken realization of Borflex product potential
in the marketplace, according to Staffan Lennstrom, executive vice
president, Borealis Performance Products Division.
The existing Zwijndrecht
manufacturing workforce now operates the facility as employees of
Speciality Polymers Antwerp. The site's customers will be served by
existing Borealis and DuPont marketing organizations.
Borealis and UCC sign Joint Development Agreement in Abu Dhabi for advancing
world-scale polyethylene project during the visit of the President of
Kazakhstan with the Crown Prince of Abu Dhabi
Borealis and United Chemical Company LLP
(UCC) have signed a Joint Development Agreement (JDA) for the development of
a world-scale polyethylene project, integrated with an
ethane cracker, in the Republic of Kazakhstan.
United Chemical Company is the
state-owned company in Kazakhstan established in 2009.
Samruk-Kazyna is a sovereign wealth
fund and joint stock company in Kazakhstan
Simultaneously, a government support
agreement was signed between the two companies and Samruk-Kazyna Chief
Executive Akhmetzhan Yessimov as well as the government of the Republic of
Kazakhstan, represented by the Minister of Energy, Mr. Kanat Bozumbayev.
A Memorandum of Understanding (MoU) was also signed to cooperate on a
500 ktpa polypropylene project that is currently being implemented by
Samruk-Kazyna Sovereign Wealth Fund and is under construction.
The agreements were ceremoniously signed in Abu Dhabi on 24 March 2018 by
the Ministers of Energy of Kazakhstan and of the UAE, in the presence of the
President of Kazakhstan, H.E. Nursultan Nazarbayev and the Crown Prince of
Abu Dhabi, H.H. Mohammed bin Zayed bin Sultan Al-Nahyan.
The companies, represented by Mark
Garrett, Borealis Chief Executive and by Zhenis Osserbay, UCC Chief
Executive, then also signed the agreements.
The signing of the JDA comes after the
successful conclusion of a pre-feasibility study. The project will now move
into the feasibility study phase, which is expected to run until Q1 2019.
After the successful completion of the feasibility study confirming the
attractive project parameters, a local JV with UCC will be set up*.
The scope of the JDA will include the
construction of an ethane cracker and 2 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
Through this strategic partnership,
Borealis and UCC are exploring the opportunities of jointly developing the
Kazakhstan polyolefin industry.
“The project is well aligned with the country’s strategy to develop its
petrochemical industry and would serve as a strong basis for establishing
Kazakhstan on the global polyolefin market,” said Samruk-Kazyna Chief
Executive Akhmetzhan Yessimov.
“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,” said Borealis Chief Executive Mark Garrett.
“A polyethylene plant of this scale would
be a significant step forward in creating long term, sustainable value for
Kazakhstan from its petrochemical industry,” said Zhenis Osserbay, UCC Chief
Executive. “We look forward to continuing our work with Borealis in
developing this opportunity.”
Borealis committed to helping to solve
the problem of ocean plastic
Next phase of Project STOP Ocean
Plastics announced in Indonesia
Borealis, a leading provider of
innovative solutions in the fields of polyolefins, base chemicals and
fertilizers, announces that it has confirmed majority funding for
Project STOP Ocean Plastics (STOP).
Project STOP is a joint initiative with
Indonesia. It works with city governments to eliminate
leakage of plastics into the ocean, increase plastics recycling and
support the wider system changes required for a plastics circular
economy. The funding secures the start of Project STOP’s second phase.
Plastics can deliver a vast range of sustainability benefits, from
increasing energy efficiency to preventing food waste. However, the
leakage of plastic litter into the ocean is a significant issue
worldwide. Borealis has jointly developed Project STOP with SYSTEMIQ, an
advisory and investment firm that aims to tackle system failures, as one
part of its approach to addressing this problem.
Phase one of Project STOP resulted in
the successful completion of feasibility and baseline studies and other
preparatory work. Phase two will see the establishment of the first city
partnership, in Indonesia. In common with other South East Asian
countries, Indonesia’s economic growth and plastics consumption has
outpaced its ability to manage plastic waste. This has made
Indonesia the world’s second largest source of
marine plastic debris, after China.
The first city-partnership project will take place in
Muncar, a major fishing port in East Java
suffering from plastic litter in its harbour, beaches and rivers.
Project STOP aims to:
zero leakage of plastic waste into the environment, by
improving waste collection and sorting;
plastic recycling and establish a plastics circular economy,
by strengthening the supply chain from waste collection to recycling
companies, which in turn will generate new revenues and jobs; and
- benefit the local community, by
reducing the impact of plastic waste on public
health, tourism and fisheries.
“Addressing marine litter is a
critical challenge for our industry and a key focus of Borealis’ social
engagement strategy. We are pleased to continue funding this
industry-leading initiative, which is an important step towards creating
a plastics circular economy,” says Mark Garrett, Borealis Chief
Executive. “We are also happy that Borouge(Abu
Dhabi Polymers Company),
our Joint Venture with the Abu Dhabi National Oil Company (ADNOC),
is supporting this project.”
"The next phase of Project STOP is a
major milestone in our efforts to keep plastics out of the ocean,”
explains Martin Stuchtey, Founder and Managing Partner of SYSTEMIQ.
“There is a great need to accelerate circular waste management solutions
in Asia and we are hugely excited to design and deliver this new city
partnership model, together with Borealis and our government partners in
SYSTEMIQ is a different kind of company.
We connect people, ideas, technologies, and capital to create good
disruptions in critical economic systems.
These disruptions are vital for humanity and our planet: they also open up
immense opportunities for the businesses that drive them.
We need to transform economic systems much
faster to hit the UN targets and stop degrading natural resources.
SYSTEMIQ was launched in 2016 to accelerate these urgent transformations.
We have set out to achieve our mission
through a unique portfolio of activities which include:
and supporting coalitions of leaders with the knowledge,
experience and authority to shape policies and business strategies that will
rapidly transform economic activity in line with the UN and Paris targets
incubating the market solutions most likely to build
regenerative economic systems, in partnership with businesses, governments,
non-profits and other institutions
own capital and expertise in early-stage ventures with the biggest potential
to drive rapid system change