Process Technology Borealis Signs Fertilizer Technology Cooperation Agreement with Casale
Borealis has divested a package of fertilizer process technologies and established a new technology partnership with Casale. The partnership will enable Borealis to focus on its core competencies of the production and distribution of high quality fertilizer products, while Casale will expand their portfolio of technologies for commercialisation.
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 fertilizer products including granulation technology. Casale will further develop the process technologies in close co-operation with Borealis.
“This partnership meets our objective to partner with a global engineering and technology leader who can leverage the maximum value of this fertilizer technology portfolio,” says Hubert Puchner, Borealis Vice President Business Development Base Chemicals. Casale is a global leader in the design and refurbishment of ammonia methanol and urea plants and was founded in 1921 in Switzerland.
“Acquiring these excellent technologies is an important step in our strategy to expand Casale’s process design capabilities to downstream products directly linked with our traditional technologies, ammonia and urea, so that we can serve the nitrogen fertilizer industry in the most complete and integrated way,” says Giuseppe Guarino, Casale’s Chief Executive Officer.
Casale´s Acquisition of Czech Engineering Company
Guarino adds: “Casale Holding’s recent acquisition of the control of Chemoproject Nitrogen, a Czech engineering company that has built tens of nitric acid and nitrates plants, fits particularly well with this latest deal with Borealis. The specific plant engineering expertise of Chemoproject Nitrogen perfectly complements the process know-how we have just acquired. That means that we can now offer the fertilizer industry the most complete possible solution for nitric acid plants and their integration into nitrogen fertilizer complexes.”
“This is much more than a straight technology acquisition. We have entered into a continuing partnership with Borealis under which the two companies will co-operate closely in the future development of these technologies“, says Federico Zardi, Casale’s Chief Operational Officer. “We remain committed to growing our fertilizer business and improving the quality of our products,” comments Markku Korvenranta, Borealis Executive Vice President Base Chemicals.