Gerhard Roiss, Deputy CEO of OMV and Borealis Chairman of the Board, says: “The joint EUR 400 million investment is the largest single investment ever made in that location and will both strengthen and consolidate the competitive position of Schwechat as a European petrochemical centre."
"Our refinery products go into mobility and materials. This investment into plastics reflects our increasing emphasis on sustainable business. The synergy of these investment projects is a good example of the successful integration between OMV and Borealis.”
John Taylor, Chief Executive, Borealis says: “This inauguration is a major event for Borealis as it clearly demonstrates the continued pursuit of our Value Creation through Innovation strategy.
Our Central European hub plays a key role in the implementation of this strategy with the international innovation centre in Linz and now an increased Borstar capacity in Schwechat. I am confident that this strategy will enable us to continue to anticipate our customers needs internationally and develop partnerships for new plastics solutions.”
As the leading oil and gas group in Central Europe, OMV is active in Refining and Marketing (R&M) in 13 countries. In Exploration and Production (E&P) OMV is active in 18 countries on five continents. In the Gas business segment OMV has storage facilities and a 2,000 km long pipeline system, transporting 45 bcm of natural gas annually to countries such as Germany and Italy.
Borealis is a leading provider of innovative, value creating plastics solutions. With more than 40 years of experience in the polyethylene (PE) and polypropylene (PP) business, we focus on pipe systems, energy and communications cables, automotive and advanced packaging markets.
marketing@alchempro.com
