Borealis AG (OMV Aktiengesellschaft)

History

Year	Detail
1994	Borealis was formed through the merger of Statoil and Neste, the largest industrial merger in Nordic Europe.
1998	OMV's petrochemical sector was incorporated into Borealis. OMV and the International Petroleum Investment Company (IPIC) acquired Neste's 50% business share in Borealis, making it part of their joint venture. This integration was a key component of OMV's petrochemical integration efforts.
2000	The company constructed and started its first Borstar Polypropylene plant in Schwechat, Austria.
2001	Borouge, a joint venture between Borealis and ADNOV, started a new petrochemical complex in Ruwais, UAE. It includes 600,000 metric tons per year of ethylene cracker and two Borstar polyethylene plants with a combined production capacity of 450,000 t/y.
2007	The company launched the Gulf Plastics Pipe Academy (GPPA) to promote the usage of high-quality plastic pipe systems in the Middle East.
2009	In August 2009, Borealis to close the HDPE production unit in Beringen, Belgium.
2011	The company acquired PEC-Rhin (Ottmarsheim, France), a producer of nitrate fertilizers, ammonia, ammonia water, and nitric acid for industrial use, from GPN. GPN is a 100% subsidiary of Total and a leading European producer of nitrogen-based chemicals.
2014	The company launched N-Pilot, an advanced new diagnostic tool to help optimize nitrogen fertilizer applications.
2016	Borealis acquired mtm plastics GmbH, a German plastic recycler, and mtm compact GmbH, a post-consumer polyolefin recyclates producer, to underline its commitment to the circular economy and put the company in the industry's pole position regarding plastics recycling.
2017	Borealis AG and NOVA Chemicals Corporation signed a preliminary agreement to form a joint venture (JV) with Total Petrochemicals and Refining USA, Inc. that will develop and own a new light feed cracker and a new Borstar polyethylene (PE) facility in Bayport, Texas.
2019	Abu Dhabi National Oil Company (ADNOC), Adani Group, BASF, and Borealis AG signed a Memorandum of Understanding to conduct a joint feasibility study to further evaluate a collaboration to establish a chemical complex in Mundra, Gujarat, India.