Statoil has taken arms-length approach to petrochemicals

L.R. Aalund Managing Editor-Technology Although Norway has only a tiny petrochemical industry, Statoil has international exposure to the business and its technology through its 50% ownership in Borealis AS, Europe's leading producer of polyolefins. Borealis has production of about 3 million metric tons/year. The company owns or has an interest in steam crackers in five European countries. Statoil supplies a portion of Borealis's feedstock slate. Statoil is, as noted in the accompanying article (p. 29), intent on upgrading its sizable natural gas and NGL resources. A notable move in this direction is its participation with Norske Conoco AS in the 830,000 ...

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