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Borealis Student Innovation Award 2010 Recipients Announced


Borealis has selected the 2010 recipients of its Borealis Student Innovation Award. The award recognises the most innovative research papers on polyolefins, olefins or melamine for master’s and doctorate degree students. The winners were presented with an award, certificate and monetary prize at ...


Borealis upgrades at Porvoo polyethylene plant support Borstar PE product development


The Borealis Supervisory Board approved a EUR 17 million investment to upgrade one of its polyethylene plants in Porvoo, Finland. The project includes a new ethylene compressor as well as an upgrade of the monomer purification including all necessary auxiliary equipment. Mechanical completion is ...


Borealis receives Frost & Sullivan automotive innovation award


Borealis has received the Frost & Sullivan 2010 Global New Product Innovation Award in the category Automotive under the Hood Plastics. The award recognises the unique capabilities of Borealis Xmod™ GB306SAF polypropylene (PP) compounds, which significantly lower system and production costs for ...


Borealis delivers solid third quarter results

Borouge 3 expansion project in Abu Dhabi on track


Borealis announced a net profit of EUR 54 million for the third quarter of 2010. The result exceeds the performance in the third quarter of 2009 by 15%, although profitability reduced from the second quarter of 2010 largely due to the impact of start-up and turnaround activities. The net debt ...


Borealis Supervisory Board appoints Markku Korvenranta as Executive Vice President for Base Chemicals


Borealis has appointed Markku Korvenranta as Executive Vice President for Base Chemicals. He succeeds Gerd Löbbert who assumes responsibility for the Polyolefins Business Group. Both changes will be effective on October 1, 2010. Markku Korvenranta has over 20 years of experience with Borealis ...


Gerd Löbbert appointed Borealis Executive Vice President for Polyolefins


Borealis announced the move of Gerd Löbbert from his current position as Executive Vice President for Base Chemicals to the position of Executive Vice President for Polyolefins, effective October 1, 2010. Lorenzo Delorenzi, currently Executive Vice President for Polyolefins has decided to leave ...


Borealis announces changes in Film & Fibre and Moulding Business leadership


Borealis announced the promotion of Wim Roels, previously responsible for the Moulding business as Vice President, to Senior Vice President for the Business Unit Film & Fibre, effective August 1, 2010. Thierry Chevrier, coming from BASF, has been appointed his successor as Vice President Business ...


Borealis results continue to improve in the second quarter of 2010 in an ongoing volatile economic environment


Borealis announced a net profit of EUR 92 million for the second quarter of 2010, a further improvement compared to EUR 54 million in the first quarter of this year as well as versus the second quarter of 2009 when Borealis recorded a net profit of EUR 35 million. Net debt decreased during the ...


Herbert Willerth assumes responsibility for Borealis’ Middle East and Asia activities


Borealis announced a reorganisation of its Executive Board. With the retirement of Henry Sperle as Executive Vice President Middle East & Asia on May 31, 2010, the organisational units previously reporting to him have been reassigned to report to the Deputy CEO, Herbert Willerth, with ...


Borouge signs major contracts valued at US$ 2.6 billion to advance its strategic Borouge 3 expansion


Borouge, a joint-venture between the Abu Dhabi National Oil Company (ADNOC) and Borealis, formally signed three major Engineering, Procurement and Construction (EPC) contracts valued at approximately US$ 2.6 billion for its Borouge 3 strategic expansion in Ruwais, Abu Dhabi, in the UAE. The ...


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