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134 Current news of Borealis


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Borealis to strengthen its innovation capability


In a move to boost its value creation through innovation strategy, Borealis announced a decision to develop its Innovation Centre in Linz, Austria into the centre of its international research activities. This is part of a broader agreement with the government of Upper Austria which will detail a ...


Borealis to close HDPE plant in Norway


The Board of Borealis AS agreed to close the Borealis high density polyethylene (HDPE) plant in Bamble, Norway. The Board recommends that the Supervisory Board of Borealis AS concludes to close the 110,000 tonnes per year plant in 2006. "Our aim is to now focus on improving the competitiveness ...


Borealis evaluates possible closure of HDPE plant in Norway


The Board of Borealis AS decided an extraordinary meeting about the ongoing evaluation of the future of the Borealis high density polyethylene (HDPE) plant in Bamble, Norway. A potential closure of the plant in 2006 is one of the options being considered. Despite efforts to improve the ...


Borealis head office moves to Vienna


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 ...


Safety pays back: Borealis' step change in safety wins the prestigious DuPont Safety Award


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 ...


Borealis and Novolen enter into license agreement and will jointly develop metallocene single-site polymerisation catalysts


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 ...


Borealis to expand XLPE capacity in Scandinavia


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 ...


Borealis to grow phenol business


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 ...


Borealis invests EUR 36 million to increase Nordic olefins capacity


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 ...


Borealis completes sale of Portuguese operations to Repsol YPF


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 ...


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