Borealis and Borouge are leading providers of high performance plastics-based solutions for the global wire and cable industry. Borealis has come together with 33 other concerned organisations to form an alliance calling for a single European electricity market. The Free Movement of Electricity alliance, whose members range from renewable energy associations to high-tech engineering companies, is urging European legislators to increase competition in the electricity sector, improve security of supply, help deliver climate goals and integrate modern technologies - including renewables.
A statement recently issued by the alliance says that 25 years after the Single European Act, “Europe urgently needs greater freedom of movement in electricity, a single internal power market and a network infrastructure to facilitate it.” It says that while development of a single power market is progressing, “development of the infrastructure urgently needs a very major boost.”
The alliance is calling on the European Parliament and the Council of Ministers to bring freedom of movement and enhance cross-border trade in Europe’s electricity. It says these bodies need to speed up, simplify and better coordinate permitting and planning procedures for electricity infrastructure projects. They should also agree on new financing mechanisms to support the necessary electricity infrastructure projects and address, at an early stage, environmental concerns and social acceptance issues related to the necessary grid extensions.
“From a practical point of view, we want to see a simplification in permit procedures for extending the grid that will lead to increased installation efficiency as well as improved environmental aspects,” says Rudi Peters, Borealis Value Chain Marketing Manager. “For example, when a new transmission line is being deliberated, we would like the option for laying the line underground or partial underground to be considered at the outset alongside overhead alternatives. This is not always the case at the moment.”
Marc Hubert, Borealis Vice President Wire & Cable, sets the initiative in an even broader context, “The electricity industry and its suppliers, together with environmental organisations, can find a common cause in pushing to increase the efficiency of European power grids and unlocking the full potential of renewable energy resources.”
“Borealis has been an important partner to the electricity industry for a long time; we consider this new initiative as important for safeguarding its future success,” Hubert says. “But this is not just about our self-interest as every man, woman and child will benefit from a more efficient supply of electricity into their homes, offices and factories.”
“I think we are pushing on a door that is at least partly open,” Hubert continues. “The European Union’s Energy Commissioner Günther Oettinger said only recently that a better grid means an enhancement of the possibilities for distribution of energy between all European countries.” Oettinger told an energy conference in November that improved grid infrastructure, along with the development of a single power market, is vital for a modern Europe, where people, capital, goods and services are already free to move but energy is not. Oettinger added, “Energy networks are at the heart of our energy system, without them we cannot meet our energy and climate targets nor complete the European internal market.”
For further information, please contact:
Craig Halgreen, Vice President, Global Communications, Borouge
Tel. +971 2 6070807, email@example.com
Katinka Brodahl, Regional Communications Manager - Asia South, Borouge
Tel. +65 6311 4252, Katinka.Brodahl@borouge.com
Borealis and Borouge Business Units Wire and Cable
Borealis and Borouge are the world’s leading providers of innovative, value creating plastics solutions for the wire and cable industry. Our solutions are customer-driven and designed to satisfy the industry’s continuously evolving demands for higher technical performance. They can be found in the most challenging extra high voltage (EHV) and high voltage (HV) cable applications, as well as medium voltage (MV) and low voltage (LV) energy transmission and distribution cables, building wires, and communications cables. In answer to the need for production, installation and cable-system lifetime enhancements, we create the innovation links that secure world-class, step-changing solutions and benefit the whole wire and cable value chain.
About Borealis and Borouge
Borealis is a leading provider of chemical and innovative plastics solutions that create value for society. With sales of EUR 6.3 billion in 2010, customers in over 120 countries, and around 5,100 employees worldwide, Borealis is owned 64% by the International Petroleum Investment Company (IPIC) of Abu Dhabi and 36% by OMV, the leading energy group in the European growth belt. 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), one of the world’s major oil and gas companies, the company’s footprint reaches out to the Middle East, Asia Pacific, the Indian sub-continent and Africa. Established in 1998, Borouge employs approximately 1,600 people, has customers in more than 50 countries and its headquarters are in Abu Dhabi in the UAE and Singapore.
Building on Borealis’ unique Borstar® technology and their more than 50 years experience in polyolefins, Borealis and Borouge provide innovative, value creating plastics solutions for the infrastructure (pipe systems and power and communication cables), automotive and advanced packaging markets. In addition, Borealis offers a wide range of base chemicals from melamine and fertilizer to phenol and acetone.
Today, Borealis and Borouge have a manufacturing capacity of over 5.4 million tonnes of polyolefins (polyethylene and polypropylene) per year having recently completed a 1.5 million tonnes capacity expansion in Abu Dhabi. The Borouge 3 plant expansion will be completed at the end of 2013 with a further capacity of 2.5 million tonnes per year (t/y) being fully operational in mid-2014. The companies continue to invest to ensure that their customers throughout the value chain and across the globe; can always rely on product quality, consistency and security of supply.
Borouge and Borealis are committed to the principles of Responsible Care® and proactively contribute to addressing the world’s water and sanitation challenges through their Water for the World™ initiative.
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Borstar® is a registered trademark of the Borealis group