Borealis, the base chemicals, fertilizers and mechanical plastics recycling company, and advanced and circular polyolefin solutions provider, 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. The company has 60 warehouses across Europe and around five million t of products supplied annually in Western, Central and South East Europe via the Borealis L.A.T distribution network. 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 solutions in the fields of polyolefins and base chemicals, thus extending Austrian oil and gas company OMV’s value chain towards higher value chemical products and the transformation towards a circular economy.
Read the article online at: https://www.worldfertilizer.com/nitrogen/05022021/borealis-starts-sales-process-for-nitrogen-business/