20-Jun-2014 - Borealis AG

Borealis divests joint-ownership share in LeHavre urea production plant and relatedammonia storage facility

Borealis announced that its French subsidiary Borealis Chimie divests its joint-ownership share in the Le Havre urea production plant and related ammonia storage facility at Gonfreville l'Orcher, France. Following the divestment, the plant and related storage facility will be fully owned by Yara France, who already owns the remaining share and operates these facilities. Through the 2013 acquisition of GPN SA, subsequently renamed Borealis Chimie SAS, Borealis also assumed the 52.15% joint-ownership share in the Le Havre urea plant, which has an annual production capacity of 320,000 tonnes, and a 37.5% stake in the related ammonia storage facility. Borealis management has now taken the decision to divest its joint-ownership share in order to concentrate on its 100%-owned industrial sites and, in the case of existing partnerships, to give precedence to less restrictive legal forms. The divestment also includes the supply of urea by Yara to Borealis during a transition period in order to ensure continuity in product delivery. The divestment will not have an impact on Borealis employees.

"The strategic decision to conclude this transaction with Yara allows us to concentrate on our wholly-owned fertilizer production locations in France," explains Gerald Papst, Borealis Vice President Business Unit Fertilizer.

Facts, background information, dossiers
More about Borealis
  • News

    Incident at Borealis in Stenungsund, Sweden

    On May 9, at 20.45 CEST a local fire occurred at the steam cracker at Borealis‘ production location in Stenungsund, Sweden. The emergency plan was immediately activated by the local crisis team. The fire brigade arrived on site promptly and took steps to contain the fire. Thanks to the quic ... more

    ADNOC, Adani, BASF and Borealis sign Memorandum of Understanding to further evaluate collaboration for a chemical complex in India

    Abu Dhabi National Oil Company (ADNOC), Adani Group, BASF SE and Borealis AG have signed a Memorandum of Understanding (MoU) to engage in a joint feasibility study to further evaluate a collaboration for the establishment of a chemical complex in Mundra, Gujarat, India.This is the next step ... more

    Borealis announces collaboration with start-up Qpinch to scale up revolutionary heat recovery technology

    Borealis announces its collaboration with Qpinch, a start-up that has developed a revolutionary technology to recover industrial waste heat, using an innovative chemical process. The start-up attracted intense industry attention after winning the 2015 “Emerging Technology” award in the annu ... more

  • Companies

    Borealis AG

    With more than 40 years of experience in polyolefins and using our unique Borstar® technology, we focus on providing plastic materials to the infrastructure, automotive and advanced packaging markets across Europe, the Middle East and Asia. Our production facilities, innovation centres and ... more

    Borealis Polyolefine GmbH

    Borealis’ Value Creation through Innovation strategy sets it apart from other companies in the industry because it puts tremendous focus on the entire value chain. Borealis does not just make products, but rather has the ambition to look at the entire life cycle of how these products are pr ... more

    Borealis Italia S.p.A

    With more than 50 years of experience in polyolefins and using our unique Borstar® technology, we focus on providing plastic materials to the infrastructure, automotive and advanced packaging markets across Europe, the Middle East and Asia. Our production facilities, innovation centres an ... more

More about Yara
  • News

    Yara and BASF break ground on new ammonia plant

    Yara International ASA and BASF broke ground today on a world scale ammonia plant at the BASF site in Freeport, Texas. Total capital investment for the plant – which is expected to come online in 2017 – is estimated at $600 million. As part of the project, Yara will build an ammonia tank at ... more

    Yara and BASF to build ammonia plant in Freeport, Texas

    Yara International and BASF Group have agreed to build a world scale ammonia plant at BASF’s site in Freeport, Texas. The plant will use hydrogen as raw material, reducing capital expenditures (capex), maintenance and carbon dioxide emissions significantly.The ammonia plant will be owned 68 ... more

    BASF and Yara plan to build ammonia plant

    BASF and Yara have made good progress with their plan to jointly build a world-scale ammonia plant on the U.S. Gulf Coast. The proposed plant would be located at the existing BASF site in Freeport, Texas, have an annual capacity of 750,000 metric tons, and be based on a hydrogen-synthesis p ... more

  • Companies

    Yara Industrial AS

    Yara International ASA is a global company specializing in nitrogen. Our fertilizer and nutrient recommendations for crops, helping to produce food for a growing world population. We focus on industrial products and solutions that help to reduce emissions, improve air quality and ensure saf ... more

    Yara International ASA

    Yara is the world's leading producer and marketer of mineral fertilizers that are being supplied to markets around the globe to provide growers with essential plant nutrients required for sustainable food production. In addition to fertilizers Yara have gases and chemicals, mostly in the fo ... more

    Yara Italia S.p.A.

    Yara is the world's leading producer and marketer of mineral fertilizers that are being supplied to markets around the globe to provide growers with essential plant nutrients required for sustainable food production. In addition to fertilizers Yara have gases and chemicals, mostly in the fo ... more