Borealis 　本社　デンマーク・コペンハーゲン　　Borealis Olefin/Polyolefin capacities

Noretyl : Hydro Polymers とのエチレンJV

Borealis to build new 350kt PE plant, to add 90kt PP in Austria　

First polypropylene product made from natural gas

Borealis to expand LLDPE capacity by 80kt/yr at Porvoo, Finland

Borealis expands polypropylene plant and Noretyl JV cracker in Norway

Borealis sells petrochemicals site in Portugal to Repsol YPF

1997/9　OeMV(オーストリア） と IPIC(アブダビ）、NesteのBorealis 持ち株を買収

1998/1/1 Borealis acquires PCD from OMV

2005/7　Statoil、Borealis株をアブダビ/ＯＭＶ（オーストリア）に売却

2005/10　Statoil finalises sale of Borealis

2006/3　Borealis confirms Bamble HDPE closure

2006/11 OMV announces 4 year investment programme in Bavaria of EUR 1.1 bn

　　　　　　OMV：　ethylene production by 110,000 tons per year to 450,000
　　　　　　　　　　　propylene production by 315,000 to overall 560,000 tons. （a new metathesis plant）

　　　　　　Borealis： 330,000 ton polypropylene plant
　　　　　　　　　　　　（capacities at Burghausen from 415,000 to 745,000 tons of polyolefin）

　　　　　　Ethylen Pipeline Süd

2006/9　OMV and Borealis celebrate joint investment in Austria　

　　　　　　Borealis ：350,000 tonnes per year Borstar® polyethylene plant
　　　　　　　　　　　　Borstar polypropylene plant from 210,000 to 300,000 tonnes per year in Schwechat (Austria)

　　OMV ：　ethylene capacity by 150,000 tonnes to 500,000 tonnes
　　　　　　　 propylene capacity by 100,000 tonnes to 400,000 tonnes per year.

2006/12 　OMV and IPIC to bundle chemistry activities into subsidiary Borealis

2007/1 　　Borealis invests EUR 90 million to further develop its polypropylene business

2007/3 　Borealis announces EUR 370 million investment for 350,000 t/y LDPE plant

2007/6 　Borealis sells its petrochemical business in Norway to Ineos

2008/8 　三菱化学、Borealisと欧米での自動車産業向ポリプロピレンコンパウンドの相互委託契約を締結

2008/9 　OMV and Borealis: Significant expansion of Burghausen site for leading position in petrochemical industry

同社の能力は以下の通り。（単位：千トン） 2006/11

注 ・Norwayのエチレン、プロピレンはNorsk Hydro とのＪＶのNoretyl の同社持分
　　・他にベルギーにデュポンとのＪＶ、Speciality Polymers Antwerp　（PE 125)
　　・2004年にポルトガルのBorealis Polimeros LdaをRepsolに売却（エチレン350、プロピレン 180、LDPE 145、HDPE 130）

　　+　下記

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2006/12/12 PRNewswire

Jacobs Receives Borealis Contract for Polymer Facility in Germany

Jacobs Engineering Group Inc. announced today that a subsidiary company received a contract from Borealis to provide engineering, design, and construction management services for a polymer production facility in Burghausen, Germany.

Officials did not disclose the contract value for the new facility, which is scheduled for commissioning in 2007.

The 330 kton/a facility will use Borealis' proprietary Borstar(R) technology to produce polypropylene. Borealis is Europe's second largest manufacturer of plastics and a global leader in the industry. The Burghausen location is part of the firm's Hub Central Europe, one of four hubs that Borealis operates in Europe.

Manufacturing Sites　http://www.borealisgroup.com/public/about/where/where_are_we.html

Borealis takes its name from aurora borealis, also known as the northern lights.

The result of the merger of the petrochemicals and polyolefins businesses of Finland's Neste and Norway's Statoil

Borealis' main business is polyethylene (PE) and polypropylene (PP). We are one of the leading producers in Europe and also a significant supplier in key markets around the world. Our head office is in Denmark, just outside Copenhagen.

The Borealis Group produces over 3 million tonnes of PE and PP each year, and employs nearly 5,200 people. The output from our main manufacturing sites and compounding units is plastics raw material that can be found in thousands of everyday products from diapers, food packaging and houseware, to cars and trucks, pipes and power cables.

Borealis' foundation for growth is Borstar, an innovative technology developed by us which offers PE and PP materials that are stronger and more easily processed than conventional materials.

1994/3/1

BOREALIS STARTS UP ON MARCH 1
A New Star in the Petrochemicals Sky
　　　http://www.borealisgroup.com/public/news/press_releases/articles/article_195.html

The official start-up of Europe's newest major petrochemicals and polyolefins company, Borealis, took place today. The result of the merger of the petrochemicals and polyolefins businesses of Finland's Neste and Norway's Statoil, Borealis represents the single most important step forward yet in the restructuring of the industry in Europe. Borealis is also the largest industrial merger between Nordic companies to date.

July 15, 2003 Financial Times

Austria/ new polyethylene plant and extra polypropylene capacity for Borealis.

Borealis has announced that it is to spend EUR 200 M on extra polyolefins capacity at Schwechat, Austria. A new 350,000 tonnes/y polyethylene plant is due online in 2005, using the Borstar process, enabling 3 older polyethylene production lines to be closed. The capacity of a polypropylene plant on the site is to be increased by 90,000 tonnes/y.

2003/9/16 Borealis

First polypropylene product made from natural gas
　　　http://www.borealisgroup.com/public/news/press_releases/articles/2003_09_15_rex09_MTP.html

As a result of co-operation between Lurgi, Statoil and Borealis, the world’s first Borstar® polypropylene cups have been created using propylene from Lurgi’s new MTP® (Methanol-to-Propylene) process.

Platts 2003/10/22

Borealis to expand LLDPE capacity by 80kt/yr at Porvoo, Finland

Scandinavian polyolefin producer, Borealis, would increase its linear low density polyethylene production capacity at its Porvoo facility, Finland, by 80,000 mt/yr, a company source said Tuesday.

2004/6/17 Borealis

Borealis expands polypropylene plant and Noretyl JV cracker in Norway
http://www.borealisgroup.com/public/news/press_releases/articles/Rex06_2004_Borealis_expansion_in_Norway.html

Borealis will expand its Noretyl ethylene cracker, a 50:50 joint venture with Hydro Polymers at Rafnes with 100,000 tonnes, and debottleneck its own polypropylene plant at Ronningen. The two Norwegian projects will be completed in the autumn of 2005.

The annual polypropylene production capacity will increase from 105,000 to 175,000 tonnes.

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Noretyl AS 　　　http://www.noretyl.com/engelsk/index.htm

Noretyl AS owns and operates the Ethylene plant (cracker) at Rafnes*. The Ethylene plant started up in 1977.
(* adjacent to Hydro Polymers' Rafnes plant)
Noretyl AS was established 1. January 2001 and is owned by Hydro and Borealis with 50% each. The owners are responsible for providing feedstock and selling products. The mainproducts are used as raw materials in the owners production of VCM, polyethylene and polypropylene.

Feedstock: Ethane, propane and butane
Main products: Ethylene and propylene
Capasity: 450 000 tons ethylene and 68 000 tons propylene per year
By-products: Crude C4's pyrolysis gasoline and pyrolysis oil
Employees: 165

2004/10/8 Borealis

Borealis sells petrochemicals site in Portugal to Repsol YPF
http://www.borealisgroup.com/public/news/press_releases/articles/2004_10_08_Sinces_Oct8_2004.html

Repsol YPF announced that its Chemicals Division has signed an agreement with Borealis A/S to purchase Borealis Polimeros Lda. that includes all assets of the petrochemical complex at Sines, Portugal. The completion of the transaction is subject to authorisation by the European Commission.

Based on 2003 capacities, the site comprises a cracker with a volume of approximately 350,000 tonnes of ethylene and 180,000 tonnes of propylene and two polyethylene plants, a low density plant with a production capacity of 145,000 tonnes and a high density plant of 130,000 tonnes.

This agreement strengthens Repsol YPF’s strategic lines and allows for new development in two core businesses, olefins/base petrochemicals and polyolefins. This purchase gives Repsol YPF stronger presence in European markets and complements its product portfolio with new applications currently not manufactured at the Puertollano and Tarragona complexes in Spain.

The implication of this deal is a 38% increase in Repsol YPF’s cracker production capacity. In addition, it means a 28% increase in production capacity in total polyolefins and a 55% increase in polyethylene.

Following the signing ceremony, Ramon Blanco, Repsol YPF’s Chief Operating Officer, noted, “This acquisition reflects the importance to Repsol YPF of its Portuguese clients and it highlights the increasing economic exchanges between both countries and the strength of their mutual business activities.”

Borealis is a leading, innovative provider of plastics solutions with main production sites in Europe and the Middle East. John Taylor, Borealis’ Chief Executive, commented that, “This divestment will allow us to concentrate on our four major European sites: Austria, Belgium, Finland and Scandinavia, thus strengthening competitiveness and sustaining future growth.” Iberia remains an important market for Borealis and it will maintain its Customer Service Centre in Barcelona.

This agreement is in line with both companies’ strategies, enhancing competitiveness and improving efficiency, in a challenging plastics industry environment.

Borealis Olefin/Polyolefin capacities pre/post Portuguese divestment (Kt p.a.)

Notes
Data refers to end 2003 capacity to align with EU commission submission.
Figures not updated for expected 2004 changes.

1997/9　OeMV(オーストリア） と IPIC(アブダビ）、NesteのBorealis 持ち株を買収

OeMV(オーストリア） と IPIC(アブダビ） は，フィンラン ドの Neste Oy が Borealis に保有していた５０％の権益を１９９７年９月に買収（各２５％）した。なお，Neste は現在，フィンランドの Fortum グルー プの一員になっている。

1997/9/15 Borealis

Borealis plans to acquire PCD, welcomes new owners
http://www.borealisgroup.com/public/news/press_releases/articles/article_44.html

Borealis, Europe’s leading producer of polyolefins plastics, today announced plans to acquire PCD of Austria. According to the memorandum of understanding, Borealis will acquire PCD from its current owner, OMV, as of January 1, 1998. The acquisition is related to another move announced today regarding the future ownership structure of Borealis.

Neste has disclosed plans to sell its 50% shareholding in Borealis to International Petroleum Investment Company (IPIC) of Abu Dhabi, and OMV, the integrated Austrian oil and gas company. IPIC and OMV will each have a 25% shareholding; Statoil will retain its 50% shareholding. With some 1,000 employees, PCD produces approximately 445,000 t/a of polyethylene and 410,000 t/a of polypropylene at sites in Austria and Germany.

ＩＰＩＣ　（International Petroleum Investment Company）

IPIC was created in 1984 as a 50-50 venture between ADIA and the Abu Dhabi National Oil Co. (ADNOC) to focus on oil-related acquisitions overseas.

ADIA：Jointly owned by the Abu Dhabi Investment Authority (ADIA) and the National Bank of Abu Dhabi (NBAD) , the company is now one of the leading Gulf based financial institutions.

　　

2005/6/30 Borealis

Change in Borealis ownership structure underpins future growth
http://www.borealisgroup.com/public/news/press_releases/articles/2005_06_30_Borealis_ownership_structure.html

The International Petroleum Investment Company (IPIC) of Abu Dhabi and OMV Aktiengesellschaft of Austria have announced today their agreement to purchase Statoil’s 50% shareholding in Borealis A/S.

As a result, the new Borealis ownership will be 65% IPIC and 35% OMV. Statoil will continue as a major long-term feedstock supplier to Borealis.

Borealis is also joint owner with the Abu Dhabi National Oil Company of the Borouge polyolefins company in Abu Dhabi.

Coincidentally Borealis has anounced a Eur 36 million investment at its Porvoo site in Finland where ethylene capacity will increase from 330,000 to 380,000 tonnes and propylene from 200,000 to 223,000 tonnes in 2007.

2005/10/14 Statoil

Statoil finalises sale of Borealis
Stock market announcement
http://www.statoil.com/STATOILCOM/SVG00990.nsf/UNID/41256A3A0055DD32C1257099003B29B9?OpenDocument&kat=nyhet

Statoil ASA has closed the sale of its 50 per cent holding in the Borealis petrochemicals group.

Statoil has received EUR 1 billion (NOK 7.8 billion) for the transaction which gives a book profit of NOK 1.5 billion.

The buyers, International Petroleum Investment Company (IPIC) and OMV Aktiengesellschaft, which earlier together owned 50 per cent of the petrochemicals group, now own 65 per cent and 35 per cent respectively.

Statoil has long-term agreements to supply Borealis with feedstock from the Norwegian continental shelf.

British Plastics & Rubber 2006/3/10

Borealis confirms Bamble HDPE closure

Borealis today confirmed that its 110,000 tonnes HDPE plant at Bamble in Norway will close later this year, as expected from the company's announcement at the beginning of February. Around 100 employees will be affected by the closure.
A statement from Borealis says: 'Our aim is to now focus on improving the competitiveness of our low density polyethylene and polypropylene plants in Bamble in synergy with the total operations of hub Scandinavia and on cost competitive feedstock opportunities in the region. This is a further step by Borealis to strengthen its European operations.'

2006/12/28 OMV

OMV and IPIC to bundle chemistry activities into subsidiary Borealis

・OMV and IPIC intend to incorporate their holdings in AMI Agrolinz Melamine International into their joint subsidiary Borealis within the first half of 2007
・Changes in the AMI Supervisory Board as of 1 January 2007
・OMV continues to focus on core business

OMV, Central Europe's leading oil and gas group, continues to focus on its core business: Exploration & Production, Refineries & Marketing and Gas. In this context OMV, together with its core shareholder IPIC, is planning on incorporating AMI Agrolinz Melamine International GmbH (AMI), one of the leading producers internationally of melamine and plant nutrients, into Borealis. OMV and IPIC each hold 50% of AMI. The final decision will be made in the course of the first half of 2007. Borealis is Europe's second largest producer of plastics and is headquartered in Vienna. As a holding company, Borealis will provide excellent support for AMI's further international expansion. AMI's headquarters will remain in Linz (Upper Austria).

For OMV this has the advantage that its strategic focus on its core business will be further strengthened, while at the same time OMV will profit from the growing plastics market enhanced by the assets of AMI via its investment in Borealis. Overall, this measure constitutes the last step in AMI's strategic repositioning, which started in May 2005 with IPIC's acquisition of 50% of the company.

The establishment of a production facility for melamine in Ruwais- also located in Abu Dhabi - is being pursued by AMI and ADNOC. This site will have an annual capacity of 80,000 tons. In 2005 the AMI Group had a workforce of around 1,000 and sales of EUR 470 million. Borealis had sales of EUR 4.8 bn and a workforce of 4,543.

AMI Agrolinz Melamine International GmbH
http://www.agrolinz.com/asp/frameset.asp?MMARK=PRESSENTRY_EN&COID=535982&MVER=EN

AMI Agrolinz Melamine International GmbH is a 50% owned OMV and IPIC (International Petroleum Investment Company) subsidiary, which upgrades natural gas into high-value agricultural and industrial raw materials. The company's main products are melamine and plant nutrients. In the melamine sector, AMI is the market leader in Europe and the global number two. It also occupies a leading ranking in the plant nutrients market in the Danube region.

The AMI Group consists of the core companies AMI Agrolinz Melamine International GmbH, located in Linz (A), the fully owned subsidiary Agrolinz Melamine International Italia S.r.l., based in Castellanza (I), the Agrolinz Melamine International Deutschland GmbH located in Piesteritz / Saxony-Anhalt and the Trading Company for fertilizers LINZER AGRO TRADE GmbH, sales companies in Hungary, the Czech Republic and Slovakia, as well as the sales companies Agrolinz Melamine International North America Inc., Chicago, USA and Agrolinz Melamine International Asia Pacific Pte Ltd., Singapore. The AMI Agrolinz Melamine International Group has a workforce of around 1,000 and sales of EUR 394 million.

in May 2005 with IPIC's acquisition of 50% of the company.

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Everything started with nitric acid !

Linz has been a location for large-scale, industrial chemicals production for 60 years.
The beginning was formed by Stickstoffwerke Ostmark AG (renamed in 1946 as Osterreichische Stickstoffwerke AG and in 1973 as Chemie Linz AG), which utilized the coke oven gas produced by the neighboring "Reichswerken Hermann Goring" iron and steel plant.

During the post-war economic boom, the plant gradually expanded its production. Fertilizer production developed into Agro-Chemie, which manufactured a wide range of agricultural pesticides, growth regulators and animal feed additives. Using nitrogen as a basis, Chemie Linz AG extended its program to include acrylonitrile, urea and melamine, for which a new and highly attractive process was created.

Furthermore, the Linz chemical industry attained an international standing in the area of organic chemicals. Pharmaceuticals also have long traditions in Linz. Apart from an extensive program of medicines, Chemie Linz AG developed an international business with active substances, intermediate products and fine chemicals.

Research and development was and is the core of company activities. In addition, application technology, project planning and realization, as well as certain engineering services are provided in the Linz Chemiepark. The result is a pool of experience and know-how, which now extends from basic products to performance chemicals.

Specialization and a concentration on core business are modern business maxims, which in combination with intensified competition have given the Upper Austrian chemicals industry location a completely new face. The Chemiepark has evolved from the multi-divisional Chemie Linz AG and now provides a home to around 40 companies, which take full advantage of the location synergies.

2007/1/15 Borealis

Borealis invests EUR 90 million to further develop its polypropylene business

Borealis, a leading provider of innovative, value creating plastics solutions, will invest EUR 25 million to expand the capacity of its PP plant in Porvoo, Finland, by 65,000 tonnes per annum (tpa) to 220,000 tpa by the end of 2008. The increased capacity will meet rapidly growing customer demand for innovative plastics solutions in the pipe and advanced packaging markets and better supply the developing Russian market.

The remaining Eur65 million would be spent on the extension of its product range at its units at Schwechat, Austria with a combined capacity of 435,000 mt/year.

Borealis recently announced that it is expanding its plant at Burghausen in Germany to manufacture 330,000 tpa Borstar(R) PP.

2007/3/21 Borealis

Borealis announces EUR 370 million investment for the wire and cable market

　Borealis invests EUR 370 million in its wire and cable business
　New 350,000 t/y low-density polyethylene (LDPE) plant
　Modernisation and streamlining of compounding
　Shutdown of old 230,000 t/y high-cost polyethylene capacity

Borealis, a leading provider of innovative, value creating plastics solutions, will invest EUR 370 million in Stenungsund, Sweden, enhancing its capability to provide advanced materials for the growing wire and cable market, as well as for the Nordic packaging market.

The project, due for completion at the end of 2009, includes a new 350,000 t/y high-pressure LDPE plant, modernisation and streamlining of compounding, and related material handling facilities. 230,000 t/y of old, high-cost polyethylene capacity will be shutdown.


The total polyethylene capacity at Stenungsund will increase from 580,000 t/y to 700,000 t/y, making it a leading world-scale facility for advanced infrastructure applications.

2007/6/5 Borealis 　　　　　Ineos

Borealis sells its petrochemical business in Norway to Ineos

Sale of Norwegian polyolefins business and share in Noretyl gas cracker to Ineos
Creation of independent innovation company
Group support functions remain in Norway as a separate unit

Continuing with the restructuring of its Norwegian operations, Borealis AS announces that it has reached an agreement to sell its petrochemical business in Bamble, Norway, to Ineos for EUR 290 million. It has also been decided to create a new independent innovation company to take over its innovation centre in Bamble and to retain the existing group support functions at the location as a separate unit.

The facilities sold to Ineos comprise 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 the 557,000 t/y Noretyl gas cracker. The polyolefin units manufacture plastics mainly for the growing moulding, film and fibre, and extrusion coating industries in Northern Europe.

　　注　Borealis Home Page ではPE能力は270千トンとなっている。
　　　　　　LDPE　　140
　　　　　　HDPE　　130　→110　→閉鎖（検討）

　　　　 Noretyl　　　　　　　　→Ineos 100%
　　　　　　Borealis 50% 　　　→Ineos
　　　　　　Norsk Hydro 50% →Norsk HydroのHydro PolymerをIneos が買収　

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2006/2/2　Borealis

Borealis evaluates possible closure of HDPE plant in Norway

The HDPE plant in Norway is one of three production units in Bamble, 160 kilometers southwest of Oslo. The plant started up in 1979 with a capacity of 50,000 tonnes per year and after several debottleneckings, the capacity is today 110,000 tonnes per year. The main products are in the areas of blow moulding and rotomoulding e.g. materials for bottles and leisure boats.

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2007/6/5　Ineos

The acquisition of Borealis AS follows the recent announcement made by INEOS Capital, to buy Norsk Hydro ASA's polymers business (Kerling) and completes the total purchase of the Noretyl cracker, a 50:50 Joint Venture between Norsk Hydro and Borealis AS. The opportunity to purchase both shareholding interests in the Noretyl cracker presents INEOS with unique benefits by bringing the businesses at Rafnes under a single ownership.

The acquisition of Borealis AS provides a complementary fit with its existing Olefins and Polyolefins portfolios, technology and expertise. It also improves integration into key feedstocks allowing the company to optimise across its existing assets in Scotland (Grangemouth), Benelux (Antwerp, Lillo and Geel), Germany (Köln and Wilhelmshaven) and France (Lavéra) giving INEOS an extended geographic reach in European Markets.

2008/9/10 Borealis

OMV and Borealis: Significant expansion of Burghausen site for leading position in petrochemical industry

　　　2006/11/10　OMVとBorealis、オーストリアとドイツで石化増強