PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Borealis AG

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Borealis Announces New European Investments - Borealis, a leading provider of chemical and innovative plastics solutions, announces two major investment projects in its European manufacturing plants in Stenungsund, Sweden and Porvoo, Finland - BorealisGroup.com
Borealis Announces New European Investments

 

NewswireToday - /newswire/ - Vienna, Austria, 2013/01/30 - Borealis, a leading provider of chemical and innovative plastics solutions, announces two major investment projects in its European manufacturing plants in Stenungsund, Sweden and Porvoo, Finland - BorealisGroup.com. Borealis

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The investments, with a combined expenditure in excess of EUR 45 million, will strengthen Borealis’ regional supply and support capabilities, in line with its Value Creation through Innovation strategy.

The first investment concerns a C4 project in Stenungsund which will upgrade the facility’s existing raffinate-1 and raffinate-2 streams to meet required product specifications for the delivery of n-butenes. The EUR 21 million investment is scheduled for completion by March 1, 2015, and is part of a broader commitment to support customers’ raw material demand for expanding production of olefin-based products. The project contracting process commenced in December 2012.

In Porvoo, plans have been approved for the replacement of a 30 year old hot oil heater unit at the Phenol complex. The installation of the new heater, scheduled for 2015 at a cost of EUR 25 million, is a key element in improving efficiency and site integration. The new unit will reduce maintenance requirements and CO2 emissions whilst securing safe, continuous, reliable and cost-competitive operations.

“These investments indicate our on-going commitment to support our customers despite the present difficult market environment in Europe,” comments Mark Garrett, Borealis Chief Executive. “The upgrade projects in Stenungsund and Porvoo indicate our commitment to European locations and the customers and markets they serve, whilst making an important contribution to our Base Chemicals business.”

“The Supervisory Board’s approval of these two investments underlines their support for Borealis’ strategy to have one of the youngest fleets in Europe and the role of these facilities in sustaining Borealis’ local and global commitment to create value for customers,” adds H.E. Khadem Al Qubaisi, Chairman of the Borealis Supervisory Board.

Borealis is a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers. Borealis is headquartered in Vienna, Austria, and operates in over 120 countries with around 5,300 employees worldwide, generating EUR 7.1 billion in sales revenue in 2011. The International Petroleum Investment Company (IPIC) of Abu Dhabi owns 64% of the company, the remaining 36% is owned by OMV, the leading energy group in the European growth belt. Borealis provides services and products to customers around the world in collaboration with Borouge, a joint venture with the Abu Dhabi National Oil Company (ADNOC).

Building on the unique Borstar® and BorlinkTM technologies and 50 years of experience in polyolefins, Borealis and Borouge support key industries including infrastructure, automotive and advanced packaging. The Borouge plant expansion in Abu Dhabi will be fully operational by mid-2014 with a total annual capacity of 4.5 million tonnes. After this Borealis and Borouge will have approximately 8 million tonnes of polyolefin capacity.

Borealis offers a wide range of base chemicals, including melamine, phenol, acetone, ethylene and propylene servicing a wide range of industries. Together with Borouge the two companies will produce approximately 6 million tonnes of Base Chemicals in 2014.

Borealis also creates real value for the agricultural industry with a large portfolio of fertilizers. The company distributes approximately 2.1 million tonnes per year.

Borealis and Borouge aim to proactively benefit society by taking on real societal challenges and offering real solutions. Both companies are committed to the principles of Responsible Care®, an initiative to improve safety performance within the chemical industry, and contribute to solve the world's water and sanitation challenges through product innovation and their Water for the WorldTM programme.

For more information visit borealisgroup.com | borouge.com | waterfortheworld.net

Borlink and Water for the World are trademarks of the Borealis group.
Borstar is a registered trademark of the Borealis group.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Borealis AG

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing/Robotics articles,
CATCH Visitors via Your Competitors Announcements!


Borealis Announces New European Investments

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Kerstin Meckler - BorealisGroup.com 
+43 122 400 389 kerstin.meckler[.]borealisgroup.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Borealis AG securities in any jurisdiction including any other companies listed or named in this release.

Manufacturing/Robotics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Borealis AG / Company Profile


Read Manufacturing/Robotics Most Recent Related Newswires:

Metso Introduces Low-maintenance N Series NSP Briquetting Presses for Scrapyards and Metal-processing Industry
ADVA Optical Networking’s Data Security Technology Achieves German BSI Approval
BASF to Launch New Light Stabilizers for Wood and Metal Coatings
ADVA Optical Networking Adds New Members to its Ensemble Harmony Ecosystem
Raritan Signs SYNNEX Corporation as Distributor of Data Center Product Portfolio
PPG Expert to Present on Sprayable Transparent Functional Coatings At 2017 Smart Coatings Symposium
BASF Presents its Updated Polyurethane Portfolio At SIMAC 2017 in Milan
Outokumpu Prodec High Machinability Bar to be Supplied by IMS in the Benelux
Fraunhofer TechBridge Launches SunRISE Challenge II in Partnership with DSM and Greentown Labs, Seeking Innovations in Solar Energy
Hexagon Manufacturing Intelligence Introduces New Laser Scanning Technology for Portable Measuring Arm Systems
ADVA Optical Networking Launches Hypervisor for Optical Network Virtualization
Master Builders Solutions® At BetonTage Trade Show in Neu-Ulm
BASF and the European Space Agency to Develop Digital Services for Farmers
Rockwell Automation Releases FactoryTalk View V9.0 Software to Improve Insight into Plant Processes
BASF Acquires Rolic AG - A Specialist in Light Management for Advanced LCD/OLED Displays

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Al Rowaad Advocates & Legal Consultants

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)