(PRESS RELEASE) VIENNA, 4-Feb-2021 — /EuropaWire/ — 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, Borealis announces its decision to start a process to divest its nitrogen business unit including fertilizer, technical nitrogen and melamine products. The divestment is 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.
Senior Manager External Communications
tel.: +43 1 22 400 772 (Vienna, Austria)
SOURCE: BOREALIS AG