Two recent mergers among Europe's petrochemicals producers have hardly created a ripple in the market. Their long term effect may be significant, though. Borealis Holding AS, Copenhagen, was created Mar. 1 by a merger of the petrochemicals and polyolefins businesses of Finland's Neste Oy and Norway's Den norske stats oljeselskap AS. With production plants in Belgium, Finland, France, Germany, Norway, Portugal, Sweden, and the U.S., Borealis lays claim to titles as the world's fifth largest polyolefins producer and the largest in Europe. Borealis' production capacity is 1.5 million met...

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