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Borealis Plans to Invest EUR 80 Million in Linz Location to Boost Long-term Competitiveness - Borealis announces a new round of investments in its melamine and fertilizer production facilities in Linz, Austria - BorealisGroup.com
Borealis Plans to Invest EUR 80 Million in Linz Location to Boost Long-term Competitiveness

 

PRZOOM - /newswire/ - Linz, Austria, 2016/03/18 - Borealis announces a new round of investments in its melamine and fertilizer production facilities in Linz, Austria - BorealisGroup.com. Borealis

   
 
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Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers, announces a new round of investments in its melamine and fertilizer production facilities in Linz, Austria. The heart of the so-called "Linz 2020" programme is a EUR 80 million investment package to boost the overall long-term competitiveness of the Linz location. Programme goals include improving plant efficiency and achieving better environmental performance by installing and implementing state-of-the art equipment and processes.

This latest round of investment follows on the heels of the "Linz Fitness" programme, in which EUR 145 million were invested in plant modernisation between the years 2010 and 2014. Building on these modernisation measures, a variety of additional upgrades are scheduled for completion by 2019. Most are infrastructure-related and will be carried out in the Linz Chemical Park, such as modernisation of the facility's railway, including railway control systems, and installation of state-of-the-art lighting. Utility upgrades to the cooling water system and pipe racks will ensure reliable service in the long term to both Borealis and its Linz Chemical Park site partners.

The renovation and upgrade of Borealis' own fertilizer storage facilities includes the replacement of ageing equipment that, among other things, will help further reduce dust emissions and enhance overall energy efficiency.

"Linz is already a role model for other Borealis fertilizer facilities when it comes to production reliability and performance," explains Mark Garrett, Borealis Chief Executive. "What is more, it is also a crucial component of our global growth strategy in fertilizers. 'Linz 2020' is a four-year investment programme which will result in enhanced competitiveness now and many years down the road."

The largest Borealis fertilizer production facility in Europe is in Linz, which is also the centre of melamine production. In addition, around 50,000 tonnes of melamine per year are produced at two plants located in the Linz Chemical Park. Major base chemicals produced here include ammonia, nitric acid and urea as well as NPK (nitrogen, phosphorous and potassium) and CAN (calcium ammonium nitrate) fertilizers.

Borealis is a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers. With headquarters in Vienna, Austria, the company currently has around 6,500 employees and operates in over 120 countries. Borealis generated EUR 7.7 billion in sales revenue and a net profit of EUR 988 million in 2015. The International Petroleum Investment Company (IPIC) of Abu Dhabi owns 64% of the company, the remaining 36% belonging to OMV, an international, integrated oil and gas company based in Vienna. Borealis provides services and products to customers around the world in collaboration with Borouge, a joint venture with the Abu Dhabi National Oil Company (ADNOC).

Building on its proprietary Borstar® and Borlink™ technologies and more than 50 years of experience in polyolefins, Borealis and Borouge support key industries with a wide range of applications in the areas of energy, automotive, pipes, consumer products, healthcare, and advanced packaging.

The Borouge 3 plant expansion will make Borouge the world's largest integrated polyolefins complex. Once fully ramped up in 2016, the additional 2.5 million tonnes of polyolefins capacity will yield a total Borouge capacity of 4.5 million tonnes, and a combined Borealis and Borouge capacity of 8 million tonnes.

Borealis offers a wide range of base chemicals, including melamine, phenol, acetone, ethylene, propylene, butadiene and pygas, servicing a wide range of industries. Borealis also creates real value for the agricultural industry, selling approximately 5 million tonnes of fertilizers. Technical nitrogen and melamine products complement the portfolio with applications ranging from mono-nitrogen oxide (NOx) abatement to glues and laminates in the wood working industry.

Borealis and Borouge aim to proactively benefit society by taking on real societal challenges and offering real solutions. Both companies are committed to the principles of Responsible Care®, an initiative to improve safety performance within the chemical industry, and work to solve the world's water and sanitation challenges through product innovation and their Water for the World™ programme.

For more information visit borealisgroup.com | borouge.com | waterfortheworld.net/.

Borstar is a registered trademark of the Borealis Group.
Fibremod, Borlink and Water for the World are trademarks of the Borealis Group.

 
 
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Borealis Plans to Invest EUR 80 Million in Linz Location to Boost Long-term Competitiveness

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Contact: Kerstin Meckler - BorealisGroup.com 
+43(0)1 22 400 389 kerstin.meckler[.]borealisgroup.com
 
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