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


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