Company Releases

29.10.2007 -  180 students debate future of plastics industry at K 2007
The full day programme offered the opportunity to learn about the two companies and their latest innovations, the plastics industry and the sustainability issues the industry is facing today. Also at the event, an international student innovation prize was officially launched.

24.10.2007 -  Borealis and Borouge launch Water for the World
The programme leverages the expertise that both companies have built in Europe, the Middle East and in Asia and fosters local knowledge and partnerships throughout the value chain to deliver sustainable solutions for the availability of safe water and sanitation.

24.10.2007 -  Borealis releases inaugural Sustainability Issues Monitor
The monitor surveys and analyses the key economic, environmental and societal issues facing the polyolefins industry today.

17.10.2007 -  Borealis invests in new innovation software and tools
Recently, Borealis reached an agreement with Symyx to provide leading-edge software and modular workflows, which help maximise the return on research and development investments and improve its high-throughput experimentation capabilities.

03.10.2007 -  Martin Kuzaj joins Borealis Executive Board
Martin Kuzaj will assume the role of Executive Vice President for Base Chemicals and will be a member of the Executive Board effective November 1, 2007.

21.09.2007 -  Borouge Production Company, Abu Dhabi Polymers Ltd (Borouge) appoints new CEO
Borouge has appointed Mr Abdul Aziz Abdulla Al Hajri as Chief Executive Officer Designate of Abu Dhabi Polymers Co Ltd, the Borouge Production Company.

03.09.2007 -  Borealis completes sale of Norway petrochemical business 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 the 557,000 t/y Noretyl gas cracker.

21.08.2007 -  Borouge to invest in automotive market with new compounding facility in China
The new compounding facility will be constructed in the Shanghai area and will have an annual capacity of up to 50,000 tonnes with further expansion possibility

17.08.2007 -  Borealis and Borouge are co-founders of the Stockholm Water Prize
The award was presented by the King of Sweden in the Stockholm City Hall on August 16, 2007, during World Water Week.

13.07.2007 -  David Rolph to leave Borealis

David leaves a far stronger technical and commercial organisation in place to take the business into its next phase of development.

12.07.2007 -  Borealis and Borouge at K 2007
Visitors to see how a partnership with Borealis and Borouge can address global challenges such as climate, energy, food, healthcare, communication and more specifically water

18.06.2007 -  Borouge services Chinese growth with expanded office in Puxi, Shanghai
The new office will support Borouge’s booming business in the rapidly expanding Chinese market and the tripling of Borouge’s production capacity by 2010.

13.06.2007 -  Borouge awards US$300 million olefins conversion unit contract for Borouge 2 expansion project
The unit will be the world’s largest using ABB Lummus licensed technology.

05.06.2007 -  Borealis sells its petrochemical business in Norway to Ineos
It has also been decided to create a new independent innovation company to take over its innovation centre in Bamble, Norway

02.05.2007 -  Borealis announces R$18 million investment in Brazil
The investment, which will serve the automotive and appliances markets, will increase the polypropylene (PP) compounding capacity of the plant by 11,000 tonnes per annum.

23.04.2007 -  Borouge announces launch of the Gulf Plastics Pipe Academy to promote the use of high quality plastics pipe systems
The Gulf Plastics Pipe Academy is set to play an important role in increasing the use of high quality plastics pipe systems in the Middle East.

12.04.2007 -  Borouge awards two major contracts for Borouge 2 expansion project
Contracts valued at approximately US$ 3 billion for Borouge 2, the major expansion project at the company’s production facilities in Ruwais, Abu Dhabi in the United Arab Emirates.

10.04.2007 -  Borouge to expand production to include melamine
Borouge announces that it is continuing with the construction of a new melamine plant in Ruwais, Abu Dhabi, the location of its existing world-scale polymer production facilities.

21.03.2007 -  Borealis announces EUR 370 million investment for the wire and cable market
The project, due for completion at the end of 2009, includes a new 350.000 t/y high-pressure LDPE plant

19.03.2007 -  Borealis appoints new Chief Financial Officer
Dan Shook to succeed Clive Watson who left the company in September 2006.

14.03.2007 -  Restructuring initiatives announced for Borealis in Europe
Consolidation of management will improve coordination and effective implementation of the company’s strategy.

22.02.2007 -  Borealis and Piramidal enter strategic alliance
The alliance concerns the distribution of Borealis’ Polypropylene compounds, further supporting customers by providing full after sales care.

05.02.2007 -  Borouge and Linde/Consolidated Constructors Int’l Company (CCC) formally sign USD 1.3 billion cracker contract
Borouge’s production facilities to include the world's largest olefins conversion unit and ethylene cracker.

18.01.2007 -  Borouge and Borealis celebrate five years of production in the UAE
This five year production milestone at Borouge’s plant in Ruwais, Abu Dhabi is an extraordinary success in Middle East region.

11.01.2007 -  Borealis invests EUR 90 million to further develop its polypropylene business
Borealis expands its polypropylene (PP) capacity at Porvoo in Finland and extends the product range from its Borstar® PP plant in Schwechat, Austria

08.01.2007 -  Borealis Film and Fibre VP Harald Hammer appointed as CEO of Borouge Pte Ltd
Borealis Film and Fibre Vice President Harald Hammer has been appointed Chief Executive Officer of Borouge Pte Ltd as of January 1, 2007.

02.01.2007 -  Mark Garrett appointed CEO Designate at Borealis to succeed John Taylor at end of 2007
Mark Garrett has been appointed as CEO Designate and will assume the role of Chairman of the Executive Board and CEO when John Taylor retires at the end of 2007.