Borealis expands polypropylene interests

02/03/1997
Borealis AS, Copenhagen, has acquired from Montell Polyolefins, Amsterdam, its 50% share in North Sea Petrochemicals NV (NSP), a Belgian polypropylene joint venture of the two firms. NSP has capacity to produce 250,000 metric tons/year of polypropylene at Kallo near Antwerp. The operation will be renamed Borealis Kallo NV, and all 142 plant employees will transfer to the new company. Montell and Borealis will continue to work together in 50-50 joint venture NSP Olefins NV, which operates a 400,000-ton/year capacity propane dehydrogenation unit and propylene/ splitter at the Kallo site. The move is the latest in recent consolidation of Europe's petrochemical sector. Last...
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