Mar. 16, 2020News & Opinions
OMV will implement a divestment program, synergies and active cash flow management to support its purchase of a 39% stake in leading polymers producer Borealis from Mubadala Investment.
Mar. 12, 2020News & Opinions
Austrian oil and gas group OMV has agreed to buy an additional 39% share in Borealis from Abu Dhabi wealth fund Mubadala for $4.68 billion. The transaction will boost OMV’s shareholding in the polymers producer to 75%, leaving ...
Feb. 26, 2020News & Opinions
Together for Sustainability (TFS), a global, procurement-driven chemical industry initiative emphasizing sustainable supply chains, has further increased its impact by adding Azelis, Corteva Agriscience and Sika as new members.
Nov. 25, 2019Topics
In Europe, chemical recycling, also known as feedstock recycling, is the “buzz” phrase of the moment, thanks especially to the EU’s Circular Economy plans that passed all instances in 2018. The legislative package ...
Sep. 09, 2019Topics
The Together for Sustainability (TFS) initiative was launched in 2011 as a joint program of chemical companies for sustainable supply chains. Its goal is to develop and implement a global agenda to evaluate and improve sustainable ...
Aug. 29, 2019News & Opinions
Six major petrochemical producers have formed a consortium to jointly investigate whether they could use renewable electricity instead of fossil fuels in naphtha- or gas-based steam crackers in order to significantly cut carbon emissions.
Apr. 02, 2019News & Opinions
Abu Dhabi National Oil Company (ADNOC) has signed memoranda of understanding (MoUs) with two petrochemical industry majors, OMV and Borealis – both based in Vienna, Austria – to explore new opportunities for collaboration in ...
Mar. 21, 2019News & Opinions
Vienna, Austria-based polyolefins and fertilizer producer Borealis has tapped Italian engineering firm Maire Tecnimont as contractor for the new 750,000 t/y propane dehydrogenation (PDH) plant it plans to build at Kallo, Belgium.
Nov. 01, 2018News & Opinions
Borealis is collaborating with Belgian start-up Qpinch to scale up a novel technology that recovers industrial waste heat and cuts CO2 emissions.
Sep. 27, 2018News & Opinions
Bayport Polymers, the 50:50 joint venture formed in May 2018 between Total and Novealis Holdings, itself a jv between Borealis and Nova Chemicals, has announced the final investment decision to build a 625,000 t/y PE plant in Bayport, USA.
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