27 Oct 2005
Borealis launches Borstar® PE 2G technology delivering a new generation of products tailored to specific customer needs
Building on the established advantages of its Borstar® bimodal process technology, Borealis has introduced a new generation of proprietary technology - Borstar PE 2G, a multi-modal process that enables the molecular tailoring of polyethylene (PE) to provide solutions that meet the exact needs of the customer.
27 Oct 2005
Borealis and Novolen enter into license agreement and will jointly develop metallocene single-site polymerisation catalysts
Borealis and Novolen announced today that they have entered into a license agreement allowing Novolen’s metallocene single-site polypropylene (PP) technology rights to be available to Borealis. This agreement grants Borealis access to Novolen’s metallocene PP patent rights to manufacture single-site polymerisation catalysts to produce Borealis metallocene PP solutions. In addition, both parties have entered into joint development agreement to further develop metallocene single-site polymerisation catalysts for use in bulk PP polymerisation processes. Both companies are strongly committed to innovation and play a leading role in the plastics industry.
24 Oct 2005
Borealis receives technical certification for its automotive solutions
Borealis was recently awarded the ISO/TS 16949:2002 technical specification for two key production facilities serving the automotive business. Following audits conducted by Det Norske Veritas during April 2005 the certification was awarded to Schwechat, Austria and Beringen, Belgium, providing Borealis automotive customers with the continuing assurance of polypropylene (PP) and PP compound material quality specific to the criteria set by the industry.
14 Oct 2005
Change in Borealis ownership structure final
The transaction announced on June 30 in which the International Petroleum Investment Company (IPIC) of Abu Dhabi and OMV Aktiengesellschaft of Austria agreed to purchase Statoil's 50% shareholding in Borealis A/S has, following receipt of the necessary regulatory approvals, been closed. The new ownership of Borealis is 65% IPIC and 35% OMV. Dr. Gerhard Roiss, Deputy CEO of OMV, remains the Chairman of Borealis A/S and Mr. Mohamed Al Khaily, Managing Director of IPIC, will be the Vice Chairman.
14 Sept 2005
Borealis to grow phenol business
Borealis today announced a total investment plan exceeding EUR 60 million to boost capacity and increase efficiency for its Phenol and Aromatics business located in Porvoo Finland. Beyond the ongoing expansions to increase cumene and benzene capacity by 30% and investments to improve the safety and reliability of operations, an additional EUR 29 million will be invested to expand phenol capacity from 140,000 to 190,000 tonnes per year and acetone from 90,000 to 115,000 tonnes per year.
14 Sept 2005
Borealis to expand XLPE capacity in Scandinavia
Borealis today announced plans to substantially expand its cross linkable polyethylene (XLPE) capacity in Stenungsund, Sweden in order to meet the growing demand in the power cable industry for the coming decade. The investment of EUR 42 million will enhance cost competitiveness as part of an integrated PE chain at Stenungsund. The additional capacity is expected to be available during the second half of 2007. Growth in power cables is driven by the need for underground solutions in urban and environmentally sensitive areas and to improve the security of supply for example in areas prone to high winds or excessive ice and snow.
22 Aug 2005
Borealis Earnings Second Quarter 2005
Borealis today announced solid financial results for the second quarter, posting a net profit of EUR 51 million. This result constitutes a 50% increase on the EUR 34 million achieved in the same quarter last year. Lower industry margins reduced net profit by EUR 33 million compared to the first quarter of 2005.
12 Jul 2005
Borouge awards Project Management and Financial Advisory contracts for major expansion in Middle East
The Project Management Consultancy (PMC) and Financial Advisor contract awards linked to a proposed major UAE expansion were announced today by Borouge – Borealis’ joint venture with the Abu Dhabi National Oil Company (ADNOC). Borouge has awarded the PMC to Foster Wheeler and the Financial Advisory contract to HSBC. This follows the completion of the feasibility study for a construction project to triple the current production capacity in Ruwais, Abu Dhabi of 600,000 tonnes of polyolefins per year to 2 million tonnes per year.
11 Jul 2005
New Borecene Compact™ powder grades offer unique opportunities for intricately shaped rotomoulded applications
Borealis has launched two new Borecene Compact™ PE grades to meet rotomoulders’ needs for polyethylene (PE) resins that provide enhanced flow properties, as well as improved economics and handling. The new grades, which use Borealis unique patented technology eliminating pellet grinding, offer significant advantages for technical products used in high performance applications such as parts for the automotive industry with intricate shapes. Borecene Compact’s enhanced flow characteristics deliver excellent wall thickness distribution and surface appearance.
5 Jul 2005
Borealis invests EUR 36 million to increase Nordic olefins capacity
Borealis today announced it will invest EUR 36 million in expanding its olefins unit in Porvoo, Finland for completion during a planned turnaround in 2007. With this investment, ethylene capacity will increase from 330,000 tonnes per year to 380,000 tonnes per year and propylene capacity from 200,000 tonnes per year to 223,000 tonnes per year. This investment strengthens Borealis’ market position and competitiveness in the Nordic countries and Russia.
30 Jun 2005
Change in Borealis ownership structure underpins future growth
The International Petroleum Investment Company (IPIC) of Abu Dhabi and OMV Aktiengesellschaft of Austria have announced today their agreement to purchase Statoil’s 50% shareholding in Borealis A/S. As a result, the new Borealis ownership will be 65% IPIC and 35% OMV. Statoil will continue as a major long-term feedstock supplier to Borealis. Dr. Gerhard Roiss, Deputy CEO of OMV, will be the Chairman of Borealis A/S. Closing of the transaction is expected during the fourth quarter once regulatory approvals are received.
16 Jun 2005
Borealis to showcase power cable solutions at Wire Russia 2005
Borealis, the world’s leading provider of polyolefin compounds for the Wire & Cable industry, is participating at the Wire Russia 2005 International Trade Fair, June 21-24 in Moscow (Borealis stand - 4B08/4C07, Pavilion 7 in the Krasnaya Presnya Exhibition Centre). Its presence reflects the company’s commitment to support the development of the Russian Energy and Communication cable infrastructure. Borealis’ presentation at Wire Russia 2005 will focus on technically advanced Wire and Cable solutions that offer greater productivity and longer service life.
