11.05.2012

Borealis Q1 Profit Down

Borealis, a provider of chemical and innovative plastics solutions, recorded a net profit of €140 million for the first quarter of 2012 compared to €174 million in the same quarter in 2011. The decrease in net profit was a result of the difficult market conditions, especially for the European Polyolefin business segment. Both Borouge and the Fertilizer business continued their strong performance. more30.03.2011

Adhesives and Sealants Are Gaining in Demand

Sticking Together - Adhesives and sealants are specialty chemical products whose demand is increasing steadily - not only in well-established applications but even more so in innovative and high-tech end-use markets. While they are designed and expected to perform in increasingly sophisticated applications, their importance is evidenced typically when their service fails. more23.12.2010

LyondellBasell Sells Flavors and Fragrances Business to Pinova Holdings

LyondellBasell has sold its Flavors & Fragrances business to Pinova Holdings. "This divestiture is consistent with our objective to focus on developing our core businesses of olefins and polyolefins, intermediates and derivatives, and refining and oxyfuels," said LyondellBasell CEO Jim Gallogly. LyondellBasell said the transaction results in after-tax proceeds of approximately $150 million. more07.09.2010

Gerd Löbbert Appointed Borealis Executive Vice President for Polyolefins

Borealis announces 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 Oct. 1. Lorenzo Delorenzi, currently executive vice president for polyolefins has decided to leave Borealis by the end of this year and return to Belgium to pursue other career opportunities. more14.07.2010

Never Waste a Crisis

Resilience - The 16 months Lyondellbasell spent in Chapter11 was a time of belt tightening and strategic rethinking. Having emerged from bankruptcy in April with a net debt load reduced from over $24 billion to approximately $5 billion and a new top holding company - Lyondellbasell Industries NV - the company is planning a public listing on the New York Stock Exchange in Q3 of this year. more15.06.2010

Agility Opens Borouge Logistics Hub in Shanghai

Agility, a global logistics provider, has announced the opening of the Shanghai Logistics Hub. As one of the biggest facilities of its kind in China to date, the 66,000 m2 hub will receive and distribute up to 600,000 tons of polyolefins annually from Borouge's plant in Abu Dhabi, UAE. Agility Abu Dhabi designed, constructed and owns this state of the art facility and will manage operations and distribution to the Asian market over 10 years. more