Download list
Locations / Sites
Contacts
Login
Back to News

OMV and Borealis extend their cooperation

  • Petrochemical cooperation extended for another 11 years
  • Continuation of mutually profitable partnership
  • Important factor in securing production at Schwechat and Burghausen

(Vienna, 12 October 2015) OMV, the integrated, international oil and gas company, and Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers, are extending their successful cooperation. A cooperation agreement for a further 11 years from 2018 until 2028 is going to be signed.

OMV and Borealis have enjoyed a successful production partnership since 1998 at the sites in Schwechat (Lower Austria) and Burghausen (Bavaria). This cooperation is a key component of the petrochemical integration of OMV’s refineries. Manfred Leitner, OMV Executive Board member responsible for Downstream: “Supplying raw materials for the plastics industry is a key pillar of OMV’s Downstream business. Extending the agreements allows us to continue the success of our profitable partnership with Borealis. In addition, OMV and Borealis are playing a pivotal role in securing production and jobs in Schwechat and Burghausen.”

“The extension of our cooperation renews the foundation for competitive polymer production at our sites in Schwechat and Burghausen for another 11 years”, said Markku Korvenranta, Borealis Board Member responsible for Base Chemicals. “This also makes an important contribution to securing Europe’s industrial capabilities”.

Supplying monomers – ethylene and propylene – remains at the heart of the agreement. These are essential products for the plastics industry and are produced in the OMV refineries Schwechat and Burghausen. They are then processed in the Borealis plants to create polyethylene (PE) and polypropylene (PP). PE and PP are used in a wide range of everyday plastic products and also as high-performance plastics in the automotive and medical technology sectors – a field in which Borealis and its joint venture Borouge are the second-largest suppliers worldwide.

Borealis is owned by the International Petroleum Investment Company (IPIC) from Abu Dhabi (64%) and by OMV Aktiengesellschaft (36%).

END

For further information, please contact:

OMV Media Relations:
Johannes Vetter, Tel.: +43 1 40440 22729, e-mail: johannes.vetter@omv.com
Robert Lechner, Tel.: +43 1 40440 21472, e-mail: robert.lechner@omv.com

OMV Investor Relations:
Felix Rüsch, Tel.: +43 1 40440 21600, e-mail: investor.relations@omv.com

Borealis Media Relations:
Kerstin Meckler, Tel.: +43 1 22 400 389, 
e-mail: kerstin.meckler@borealisgroup.com

Downloads
OMV And Borealis Extend Their Cooperation English, German
Media Contact
Virginia Mesicek
Senior Manager External Communications

Latest News

Media Release – 26/11/2020

Borealis makes progress towards “Goal Zero” thanks to upgraded state-of-the-art water treatment system in Schwechat, Austria

Read more

News – 12/11/2020

Join the dialogue on plastics circularity on our new EverMinds blog

Read more

News – 06/11/2020

Operations during the COVID-19 pandemic, update 6 November 2020

Read more

News – 05/11/2020

New Plastics Economy Global Commitment 2020 progress report

Read more

Media Release – 05/11/2020

Joint Feasibility Study for a chemical complex in India completed, project put on hold due to COVID-19 pandemic

Read more

Media Release – 04/11/2020

Borealis delivers solid third quarter financial result in challenging yet improving market environment

Read more

Media Release – 03/11/2020

Porsche and Circularise collaborate with Borealis, Covestro and Domo Chemicals to enable the traceability of plastics in the automotive sector

Read more

Media Release – 22/10/2020

First delivery of naphtha to new 80,000 m3 cavern at Borealis operations in Porvoo, Finland

Read more

Media Release – 20/10/2020

Covestro receives first supply of certified renewable phenol for polycarbonates from Borealis

Read more