Products
Downloads
Locations / Sites
Contacts
Download list
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
External Communications Manager

Related News

News – 16/10/2018

Update on Project STOP: Change is possible and the momentum continues

Read more

Media Release – 09/10/2018

Borealis and Borouge introduce Borealis Bormed™ PL8830-PH, the first controlled plastomers solution for the healthcare industry

Read more

Media Release – 06/10/2018

Borealis to build new, world-scale 750,000 tonne/year propane dehydrogenation (PDH) plant in Belgium

Read more

News – 02/10/2018

United States: Bayport Polymers to Double Polyethylene Capacity

Read more

Media Release – 28/09/2018

Borealis Executive Vice President Base Chemicals Markku Korvenranta to step down

Read more

Media Release – 26/09/2018

Borealis and the ZOOM Children’s Museum to encourage critical discussion through the new “EARTH & SOIL” interactive exhibition

Read more

Media Release – 26/09/2018

Borealis appoints Rainer Höfling as CEO of its dedicated Fertilizer & Melamine business

Read more

Media Release – 25/09/2018

Borealis and Bockatech partner to develop foam injection moulding solutions for reusable and recyclable packaging

Read more

Media Release – 17/09/2018

Borealis Daplen™ grades with post-consumer recycled content to help develop Volvo Cars demonstrator vehicle

Read more