Borealis has decided to start a process divesting its nitrogen business unit including fertilizer, technical nitrogen and melamine products.
Borealis, one of the world’s leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilizers and the mechanical recycling of plastics, has decided to start a process divesting its nitrogen business unit including fertilizer, technical nitrogen and melamine products. Such a divestment would be subject to information and consultation requirements with employee representatives as may be required under applicable laws.
Borealis operates fertilizer production plants at the heart of important crop-producing regions in Austria and France. With around 60 warehouses across Europe and around five million tonnes of products supplied annually in Western, Central and South East Europe via the Borealis L.A.T distribution network, Borealis is one of Europe's leading fertilizer producers. The company’s share in fertilizer production sites in The Netherlands and Belgium (“Rosier”) is presently not being considered within the potential sales process. Borealis is also one of the global market leaders in melamine, the most valuable and sophisticated product in the nitrogen chain, with its operations in Austria and Germany serving the essential raw material primarily to the woodworking industry.
Borealis will continue to focus on its core activities of providing innovative solutions in the fields of polyolefins and base chemicals, thus extending OMV’s value chain towards higher value chemical products and the transformation towards a circular economy.
END
Media contact:
Virginia Mesicek
Senior Manager External Communications
tel.: +43 1 22 400 772 (Vienna, Austria)
e-mail: virginia.mesicek@borealisgroup.com
Borealis is one of the world’s leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilizers and the mechanical recycling of plastics. We leverage our polymers expertise and decades of experience to offer value adding, innovative and circular material solutions for key industries. In re-inventing for more sustainable living, we build on our commitment to safety, our people and excellence as we accelerate the transformation to a circular economy and expand our geographical footprint.
With head offices in Vienna, Austria, Borealis has 7,500 employees and operates in over 120 countries. In 2020, Borealis generated EUR 6.8 billion in sales revenue and a net profit of EUR 589 million. OMV, the Austria-based international oil and gas company, owns 75% of Borealis, while the remaining 25% is owned by a holding company of the Abu-Dhabi based Mubadala. We supply services and products to customers around the globe through Borealis and two important joint ventures: Borouge (with the Abu Dhabi National Oil Company, or ADNOC, based in UAE); and Baystar™ (with Total, based in the US).
For more information visit:
www.borealisgroup.com
www.borealiseverminds.com
www.stopoceanplastics.com
Baystar is a registered trademark of Borealis AG.
Thank you for understanding that we are only able to respond to media enquiries. For all other inquiries, please reach out to us via these contact forms.
Media representatives can reach our media desk during work days in Austria between 8:30 a.m. and 17:00 p.m. (CET) via email or telephone.
High-resolution images and videos are available for download in our media gallery.
Group Media Desk
+43 1 22 400 899 (Vienna, Austria)