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Borealis sells melamine business

 Borealis sells melamine business
Borealis, a leading provider in the fields of polyolefins, base chemicals and fertilizers, announced the sale of its proprietary Melamine high pressure process technology and its newly developed super high pressure process technology and all related intellectual property rights to Urea Casale SA, Switzerland.

"The divestment follows an earlier strategic decision by the company to focus on the Melamine business and production, and to exit the Melamine licensing activity," says Markku Korvenranta, Executive Vice President Base Chemicals Borealis. "Engineering and technology providers in the Nitrogen industry can leverage their business activities by adding this leading technology into their portfolio."

Borealis produces Melamine at two sites in Linz, Austria and Piesteritz, Germany. These sites will be not affected by the sale.

Urea Casale is a global leader in the design and refurbishment of urea plants and belongs to the Casale Group, founded in 1921 as Ammonia Casale, which is also a leader in the design and refurbishment of ammonia and methanol plants.

Leveraging on the basis of the know-how and intellectual property developed in over 500 reference projects around the world, the Group has acquired unique expertise in ammonia, methanol and urea production. The Group's main focus is on developing and licensing its proprietary technologies, but it also has the full capability to provide all the types of service that are required to successfully implement projects, including turn-key projects, as well as supplying all necessary after-sales assistance.

"Thanks to its strong synergy with the urea process, the melamine technology fits perfectly into Casale's portfolio of process technologies," says Giuseppe Guarino, CEO of the Casale Group companies. "We are extremely happy and proud to be able to offer our customers an absolutely cutting-edge melamine technology, which can be very closely integrated with a urea plant on account of Casale's hugely extensive know-how in that field. We were particularly impressed by the excellent performance of the Borealis technology and by its simplicity, which leads to lower capital investment, high operational reliability, and, in combination with the exceptional efficiency of the process, to lower production costs. This leading technology conforms with the criteria of excellence that characterize all the technologies of the Casale Group."