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08-Dec-2005 - Borealis announced a change in ownership to 65% by the International Petroleum Investment Company (IPIC) of Abu Dhabi and 35% by OMV Aktiengesellschaft, Austria's oil and gas company. This change has resulted in a decision to move Borealis' head office from Copenhagen (Denmark) to Vienna ...
21-Nov-2005 - The prestigious DuPont Safety Awards for individual and collective initiatives in Europe, the Middle East and Africa recognised Borealis as the winner in the Business Impact category at the 2005 DuPont Leaders Forum in Geneva. The DuPont Safety Award recognises significant projects in workplace ...
31-Oct-2005 - Borealis and Novolen announced 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 ...
15-Sep-2005 - Borealis 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 ...
14-Sep-2005 - Borealis 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 ...
08-Jul-2005 - Borealis 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 ...
01-Dec-2004 - The European Commission has cleared the Borealis sale of all assets of the petrochemical complex at Borealis Polímeros Lda. in Sines, Portugal to the Repsol YPF group based in Spain. The completion of the transaction took place on November 30. This divestment allows Borealis to concentrate on ...
11-Oct-2004 - Repsol YPF announced that its Chemicals Division has signed an agreement with Borealis A/S to purchase Borealis Polímeros 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 ...
18-Jun-2004 - 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 Rønningen. The two Norwegian projects will be completed in the autumn of 2005. "To meet our customers rising demand for ...
23-Mar-2004 - Borealis announced that it has extended its current distribution agreement with Ashland Distribution Company to include polypropylene for small and medium sized automotive and household appliance customers in Spain and Portugal. According to Walter Baumann, Vice President of Borealis' Business ...
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