Casale acquires a part of Borealis' fertiliser process technologies
The company has acquired ownership of Borealis' proprietary process technologies for the production of nitric acid, ammonium nitrate solution, urea ammonium nitrate, etc
BS B2B Bureau B2B Connect | Vienna, Austria
Under the terms of the deal, Casale has acquired ownership of Borealis’ proprietary process technologies for the production of nitric acid, ammonium nitrate solution, urea ammonium nitrate and other technologies for different downstream fertiliser products including granulation technology. Casale will further develop the process technologies in close co-operation with Borealis.
Hubert Puchner, Borealis Vice President Business Development Base Chemicals, said, “Our fertiliser operations and product development will benefit from the synergies between Borealis’ core competencies, such as the production and distribution of high quality fertilisers, and Casale’s engineering and technology leadership.”
Casale is a global leader in the design and refurbishment of ammonia methanol and urea plants and was founded in 1921 in Switzerland.
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First Published: Jan 17 2015 | 12:16 PM IST