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Neste Jacobs to Deliver the 3G Renewal Process of Borealis PE2 Plant in Porvoo, Finland

ESPOO, Finland, Nov. 18, 2013 (GLOBE NEWSWIRE) --

Neste Jacobs to Deliver the 3G Renewal Process of Borealis PE2 Plant in Porvoo, Finland Technology, engineering and project management company Neste Jacobs and Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers, have signed an agreement for Neste Jacobs to deliver the EPCM part of the renewal process of Borealis Borstar PE2 plant in Porvoo, Finland. With the renewal project the technology of the plant will be upgraded to third generation Borstar® technology and the usage possibilities of Borstar PE technology will be further developed. The 3G investment is scheduled for implementation after the 2015 autumn turnaround. "For our company the agreement with Borealis is a prominent sign of confidence, which we are proud of", says Jarmo Suominen, Managing Director of Neste Jacobs. "Our vision is to be the preferred solution provider also for international petrochemical companies and to be in a key position in a renewal project like this is a matter of honour for us." "We chose Neste Jacobs to be the EPCM provider in our renewal project as we have years of experience from the excellent quality and delivery reliability Neste Jacobs has", says Ismo Pentti, Managing Director of Borealis Polymers. "The current investment of 65 million euros is a natural continuation to the changes carried out in the 2012 turnaround, where Neste Jacobs was also heavily involved". Further information: Jarmo Suominen, Managing Director, Neste Jacobs Oy, tel + 358 50 458 3399 Ismo Pentti, Managing Director, Borealis Polymers Oy, tel +43 664 854 3256 Neste Jacobs in brief: Neste Jacobs is a preferred solution provider of high-quality technology, engineering and project services for a wide range of industries in the oil and gas, petrochemicals, chemicals and biotechnology fields. We have more than 50 years of experience in technology development and industrial investment projects as well as maintenance and performance improvement in Europe, North and South America, Asia and the Middle East. In addition to the Nordic countries we are looking to grow in the expanding markets of the Middle East and Russia in particular. We employ some 1.000 professionals globally. www.nestejacobs.com Borealis in brief: Borealis is a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers. With headquarters in Vienna, Austria, Borealis currently employs around 6,200 and operates in over 120 countries. It generated EUR 7.5 billion in sales revenue in 2012. The International Petroleum Investment Company (IPIC) of Abu Dhabi owns 64% of the company, with the remaining 36% owned by OMV, the leading energy group in the European growth belt. Borealis provides services and products to customers around the world in collaboration with Borouge, a joint venture with the Abu Dhabi National Oil Company (ADNOC). www.borealisgroup.com [HUG#1743761] Source:Neste Oil Corporation