Borealis inaugurates catalyst plant at Linz location

05-Jun-2013 - Borealis inaugurated a new catalyst plant at their Linz location. The company has invested EUR 100 million in the construction of this facility which will produce chemical substances – so-called catalysts – utilising the proprietary Borealis Sirius catalyst technology. Catalysts enable a precise ...

Borealis appoints Gilles Rochas as new Vice President

28-May-2013 - Borealis announces the appointment of Gilles Rochas as Vice President Application Segment Energy & Infrastructure as of July 1, 2013. Gilles Rochas replaces Marc Hubert, who is leaving Borealis to pursue other career opportunities. With over 20 years experience in the polymer industry, Gilles ...

Borealis delivers solid third quarter results

Borouge 3 expansion project in Abu Dhabi on track

09-Nov-2010 - 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 results continue to improve in the second quarter of 2010 in an ongoing volatile economic environment

16-Aug-2010 - 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 ...

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 ...

Borouge further expands capabilities in China

12-Jan-2010 - Borouge announced the incorporation of Borouge Sales and Marketing (Guangzhou) Co. Ltd. The inauguration of the new company was attended its customers, senior government officials from the Guangzhou Municipal Government and the United Arab Emirates as well as Members of the Boards of ...

Borouge awards contracts to Tecnimont for Borouge 3

07-Jul-2009 - Borouge has awarded the three main contracts for the FEED stage of its Borouge 3 expansion in Ruwais, Abu Dhabi to Tecnimont (Maire Tecnimont Group). This includes the front-end engineering and design (FEED) of the multiple polyolefin units, the LDPE (low density polyethylene) unit and the ...

In a volatile market, Borealis focuses on cost competitiveness and cash preservation

06-May-2009 - Borealis announces a net loss of EUR 56 million for the first quarter of 2009, a 54% improvement compared to the last quarter of 2008 as the company quickly reacts to the most significant global demand shock in decades. Focused working capital management contributed to a net debt reduction of EUR ...

Borouge to build logistics hub in Guangzhou, China

24-Oct-2008 - Borouge, has signed a service contract with Enpro Supply Chain Management Limited to build the Borouge Guangzhou Logistics Hub in the Nansha area of Guangzhou, China. The contract ensures local logistics services for Borouge's customers in Asia for ten years with effect of the start up date of ...

Borealis completes sale of Norway petrochemical business to Ineos

Sale of Borealis' Norwegian polyolefins business and share in Noretyl gas cracker to Ineos completed

05-Sep-2007 - Borealis has completed the sale of its Norwegian polyolefins business and share of the Noretyl gas cracker to Ineos. Worth EUR 290 million, the deal comprises a 175,000 tonne per year (t/y) polypropylene (PP) unit and a 140,000 t/y low density polyethylene (LDPE) unit, as well as a 50% share of ...