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135 Current news of Borealis
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Borouge signs major contracts valued at US$ 2.6 billion to advance its strategic Borouge 3 expansion
06-Jul-2010
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 ...
Borealis sets investment milestones for the development of its Porvoo location
01-Jul-2010
Borealis strengthens its long-term commitment to the production site in Porvoo, Finland with a 10 year contract with Neste Oil to supply feedstock and further investment in the site’s innovation capabilities. The contract between Neste Oil and Borealis covers all feedstock and product streams ...
Borouge awards AED 260 million contract to Ascon for the construction of its Innovation Centre
09-Jun-2010
Borouge, a joint-venture between the Abu Dhabi National Oil Company (ADNOC) and Borealis, has awarded the contract worth AED 260 million for the construction of its Innovation Centre in Abu Dhabi, UAE, to Associated Construction and Investments Company (ASCON), the civil arm of the ETA-ASCON ...
Borouge signs an agreement to build second compounding plant in China
01-Jun-2010
Borouge, a joint-venture between the Abu Dhabi National Oil Company (ADNOC) and Borealis announced its intention to build a second manufacturing plant in China at the signing of an agreement with the Nansha Municipal Government on May 28, 2010. Speaking at the signing ceremony in ...
Borouge awards three major EPC contracts for Borouge 3 expansion project valued at US$ 2.6 billion
28-May-2010
Borouge, a joint-venture between the Abu Dhabi National Oil Company (ADNOC) and Borealis, has awarded three major Engineering, Procurement and Construction (EPC) contracts valued at approximately US$ 2.6 billion for its Borouge 3 expansion project in Ruwais, Abu Dhabi, in the UAE. These ...
Borealis starts off the challenging year 2010 with a positive result
Borealis recorded a net profit of EUR 54 million in the first quarter of 2010 in a stabilising market
10-May-2010
Borealis announced a net profit of EUR 54 million for the first quarter of 2010, compared to a net loss of EUR 56 million in the first quarter of 2009. Despite an increase in net debt, the company’s financial position remains solid with a gearing ratio of 49% at the end of Q1, compared to 43% in ...
Borealis successfully launched inaugural bond
04-May-2010
Borealis has successfully launched its inaugural bond in Austria. The initially planned amount of EUR 100 million was increased to EUR 200 million as the market reacted very positively to the offer. Borealis will use the additional funds for general corporate purposes including financing of the ...
Borouge breaks ground for a new Innovation Centre in Abu Dhabi
29-Apr-2010
Borealis’ joint-venture Borouge, was breaking ground for its new Innovation Centre in Abu Dhabi, United Arab Emirates, on April 27, 2010. With a total investment in excess of US$ 70 million in equipment and facilities, Borouge’s Innovation Centre in Abu Dhabi will work together with the European ...
Borouge inaugurated its first manufacturing plant in China
New manufacturing plant in Shanghai confirms Borouge commitment to grow in China
23-Apr-2010
Borealis’ joint venture Borouge inaugurated its first manufacturing plant in China at a ceremony held at the plant in Shanghai on April 20, 2010. The new plant in Shanghai is designed to provide plastics solutions to the rapidly growing local automotive and household appliances industries in ...
Borealis announces new Chairman of the Supervisory Board
26-Mar-2010
Borealis announced the nomination of H.E. Khadem Al Qubaisi, Managing Director of the International Petroleum Investment Company (IPIC) and Chairman of the Board of Aabar Investments, as the new Chairman of the Borealis Supervisory Board, effective March 5, 2010. He assumed the role from Gerhard ...
