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PRESS RELEASE 23 Feb 2010

Pöyry awarded catalyst plant basic engineering assignment for Borealis in Austria

PÖYRY PLC          Press release 23 February 2010 at 1.30 p.m.

 

Pöyry has been awarded a contract for developing a basic engineering package and supplying related services for Borealis AG's semi-commercial catalyst plant located in Linz, Austria. The contract value is not disclosed. The total investment cost for the whole plant is approximately EUR 75 million.

 

The services will be completed by the end of July 2010. This assignment supports Pöyry's position as a provider of comprehensive engineering and project services to the chemical and process industries.

 

Borealis is a leading provider of chemical and innovative plastics solutions that create value for society. With sales of EUR 6.6 billion in 2008, customers in over 120 countries, and 5400 employees worldwide, Borealis is headquartered in Vienna, Austria, and has production locations, innovation centres and customer service centres across Europe and the Americas. Through Borouge, a joint venture between Borealis and the Abu Dhabi National Oil Company (ADNOC), the company's footprint reaches out to the Middle East, Asia Pacific, the Indian sub-continent and Africa. Building on the unique Borstar® technology and their experience in polyolefins for more than 50 years Borealis and Borouge are leading provider of innovative plastics solutions.  

 

Pöyry supports the aims of Borealis in developing sustainable solutions in close co-operation.

 

PÖYRY PLC

 

Additional information by:
Jouni Takakarhu, President, Business Area Chemicals, Industry business group

tel. +358 10 33 21157

 

Pöyry is a global consulting and engineering company dedicated to balanced sustainability. We offer our clients integrated management consulting, total solutions for complex projects and efficient, best-in-class design and supervision. Our in-depth expertise extends to the fields of energy, industry, urban & mobility and water & environment. Pöyry has 7000 experts operating in about 50 countries, locally and globally. Pöyry's net sales in 2009 were EUR 674 million and the company's shares are quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V).

 

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www.poyry.com