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07-06-2010

Borealis: Expansion of Activities in Finland

Borealis AG,, Vienna, Austria, strengthens its long-term commitment to the production site in Porvoo, Finland, with a 10 year contract with Neste Oil to supply feedstock and further investment in the site’s innovation capabilities. The contract covers all feedstock and product streams between the Neste Oil refinery and Borealis’ production plants in Porvoo as well as related logistics services. The 10-year contract continues the co-operation of both companies in the areas of asset development and business optimization as well as Health, Safety and Environment (HSE). To further develop its innovation capabilities in Porvoo, Borealis is investing a total of 5 million EUR in the existing Borstar pilot plant. The investment includes the addition of new hardware and will enable the company to further develop its proprietary Borstar technology.

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