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Borealis reports improved results, says ethane deal will reduce costs significantly

4:23 AM MDT | August 14, 2014 | Natasha Alperowicz

Borealis today reported improved second-quarter results and said that the recently signed contract with North American ethane suppliers will reduce its operating costs in Europe. Mark Garrett, CEO, speaking to CW this morning, said that Borouge, Borealis’s joint venture in Abu Dhabi, continues to deliver strong results. Its 1.5 million m.t./year ethylene plant has been producing on-spec ethylene since the middle of June and the company is shipping quantities from the plant, mainly to Asia, until the downstream facilities are up and running. Garrett said...

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