Borealis

　　　　　　OMV：　ethylene production by 110,000 tons per year to 450,000
　　　　　　　　　　　propylene production by 315,000 to overall 560,000 tons. （a new metathesis plant）

　　　　　　Borealis： 330,000 ton polypropylene plant
　　　　　　　　　　　　（capacities at Burghausen from 415,000 to 745,000 tons of polyolefin）

　　　　　　Borealis ：350,000 tonnes per year Borstar® polyethylene plant
　　　　　　　　　　　　Borstar polypropylene plant from 210,000 to 300,000 tonnes per year in Schwechat (Austria)

注・Norwayのエチレン、プロピレンはNorsk Hydro とのＪＶのNoretyl の同社持分
　　・他にベルギーにデュポンとのＪＶ、Speciality 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）

Borealis takes its name from aurora borealis, also known as the northern lights.

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 outside Copenhagen.

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 materials.

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 Tuesday.

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.

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 Commission.

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 environment.

Borealis Olefin/Polyolefin capacities pre/post Portuguese divestment (Kt p.a.)

Notes
Data refers to end 2003 capacity to align with EU commission submission.
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 持ち株を買収

OeMV(オーストリア）と IPIC(アブダビ）は，フィンランドの Neste Oy が Borealis に保有していた５０％の権益を１９９７年９月に買収（各２５％）した。なお，Neste は現在，フィンランドの Fortum グループの一員になっている。

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.

Neste 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.

British Plastics & Rubber 2006/3/10

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.'

2006/12/28 OMV

OMV and IPIC to bundle chemistry activities into subsidiary Borealis

・OMV and IPIC intend to incorporate their holdings in AMI Agrolinz Melamine International into their joint subsidiary Borealis within the first half of 2007
・Changes in the AMI Supervisory Board as of 1 January 2007
・OMV 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 (Upper Austria).

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 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 Danube region.

The AMI Group consists of the core companies AMI Agrolinz Melamine International GmbH, located in Linz (A), the fully owned subsidiary Agrolinz Melamine International Italia S.r.l., based in Castellanza (I), the Agrolinz Melamine International Deutschland GmbH located in Piesteritz / Saxony-Anhalt and the Trading Company for fertilizers LINZER AGRO TRADE GmbH, sales 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.

2007/1/15 Borealis

Borealis invests EUR 90 million to further develop its polypropylene business

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.

2007/3/21 Borealis

Borealis announces EUR 370 million investment for the wire and cable market

　Borealis invests EUR 370 million in its wire and cable business
　New 350,000 t/y low-density polyethylene (LDPE) plant
　Modernisation and streamlining of compounding
　Shutdown 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 packaging market.

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 infrastructure applications.

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 unit.

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。
　　　　　　LDPE　　140
　　　　　　HDPE　　130　→110　→閉鎖（検討）

　　　　 Noretyl　　　　　　　　→Ineos 100%
　　　　　　Borealis 50% 　　　→Ineos
　　　　　　Norsk Hydro 50% →Norsk HydroのHydro PolymerをIneos が買収　

2008/9/10 Borealis

OMV and Borealis: Significant expansion of Burghausen site for leading position in petrochemical industry

2008/11/10 Basell

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 2013.

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 www.borouge.com.

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.

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 southern Bulgaria.

“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 Securities Act.

2014/8/7 Borealis

Borealis signs long-term ethane supply

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 2016.

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 Stenungsund.

Related multi-million investment in Stenungsund

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 polyolefins business."

"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

Borealis' Polyolefins capabilities position the company among the leading and most innovative suppliers to the polyethylene (PE) and polypropylene (PP) market in Europe.

2014/9/1　Borealis　

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 Speciality Polymers Antwerp N.V.

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 market."

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.

ーーー

2014/8/7

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.

2018/3/26

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 2025.

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.”

26/04/2018
　

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 SYSTEMIQ and Sustainable Waste 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:

achieve zero leakage of plastic waste into the environment, by improving waste collection and sorting;
increase 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 Indonesia."

-----

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:

06 October 2018

The Borealis chemical group invests nearly 1 billion euros in Antwerp

Borealis’ owners, which include an Abu Dhabi state investment fund, have given the investment the go-ahead. This is one of the biggest investments in the European chemical sector in the last 20 years.

The investment means Belgium can once again compete with the United States and the Middle East, where other big petrochemical complexes have developed. This has been caused by local economic growth and the shale gas boom. “The growth in investment in the European chemical sector has been slower than in other areas, but you have to remember that Antwerp calls itself the locomotive of Europe”, says Thomas Van Velde, who is piloting the project at Borealis.

“People will talk about this project. It will put Antwerp on the world map”, says Franck Beckx, the delegate-administrator of the professional chemical sector association essenscia.

The new installation – which will be built at Kallo (southern part of the Escaut estuary) - should produce around 1 million tonnes of propylene a year. Propylene is used to make many other chemical products, which opens the door for more investment in the region. “This factory is the first link in a valuable chain. Without it, the chain will start elsewhere. Right now, there’s a big chance it could be constructed here”, says Thomas Van Velde.

The factory is due to open in 2022 and create around 100 jobs. It is also expected to create jobs indirectly.

Borealis AG and NOVA Chemicals Corporation today announced they have reached an agreement for Borealis to buy NOVA Chemicals’ 50% ownership interest in Novealis Holdings LLC.

Formed in 2018, Novealis is the joint venture between affiliates of Borealis and NOVA Chemicals, which subsequently formed a 50/50 joint venture with an affiliate of Total S.A. to launch Bayport Polymers LLC in Houston, Texas, US.

Closing of the acquisition is subject to customary regulatory approvals and other conditions but is not subject to any financing condition. The parties expect the transaction to close in the first half of 2020.

The decision to discontinue this project is based on a thorough assessment of all aspects of the prospective venture and impacted by the effects of the COVID-19 pandemic as well as the increased uncertainty of future market assumptions.

	Austria	Germany	Italy	Belgium	Finland	Norway	Sweden	USA	Brazil
エチレン					330	225*	625
プロピレン				480	230	40*	220
PE	595	175		330*	330	270	600
PP	435	240+		635	160	175
Compounds	90		30	115				65	49
フェノール					130

Finland	Porvoo	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 compounding products.
Norway	Ronningen	The Ronningen site southwest of Oslo produces PE, PP and compounded products. Ethylene and propylene feedstock is provided by a joint venture known as Noretyl.
Norway	Rafnes	Noretyl AS
Sweden	Stenungsund	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.
Belgium	Beringen	Borealis Polymers N.V. 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.
	Kallo	Borealis Kallo N.V. 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.
	Zwijndrecht	Borealis Antwerpen Compounding N.V.
	Zwijndrecht	Speciality 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 polyethylene plant.
Germany	Burghausen	Borealis Polymere GmbH 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.
Austria	Schwechat	Borealis GmbH 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. 2005/8/12 Platts Borealis to increase LLDPE, PP capacity at Austria's Schwechat 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 mt/yr. 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.
Italy	Monza	Borealis Italia S.p.A Compounding Unit
Portugal	Sines	Borealis Polimeros, Lda 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
USA	Rockport, N.J	Borealis Compounds LLC 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.
Brazil	Sao Paolo	Borealis-OPP 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.
U.A.E.	Ruwais	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 Borealis. 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 technology. The complex will have approximately 400 employees. http://www.borealisgroup.com/

	Current 2004	Post deal
Ethylene	1,535	1,185
Propylene	634	454
LD	895	755
LLD/HD	1,320	1,190
(PE)	(2,215)	(1,945)
PP	1,459	1,459
Total PO	3,674	3,404

*	OMV and Borealis invest EUR 840 mn in the expansion of their petrochemical production capacities
*	Increase 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
*	New plants successfully on stream with the implementation of the innovative Borstar(R) and metathesis technologies
*	Expansion of polypropylene capacities to address growing demand for advanced packaging products and medical applications
*	Inauguration Ceremony on September 10, 2008 under the patronage of Emilia Muller, State Minister of Bavaria for Economy, Infrastructure, Transportation and Technology

Related multi-million investment in Stenungsund

Note to editors

06 October 2018

The Borealis chemical group invests nearly 1 billion euros in Antwerp

2020/5/19

Borealis decision to discontinue world-scale polyethylene project in Kazakhstan