Borouge was founded by and is still owned by two major players in the global oil and chemical markets.
The Abu Dhabi National Oil Company (ADNOC) was established in 1971 to operate in all areas of the oil and gas industry. Since then it has steadily broadened its activities, establishing companies and subsidiaries and creating an integrated oil and gas industry in Abu Dhabi. Today, the company manages and oversees the production of more than 2.7 million barrels of oil a day, ranking it among the top ten oil and gas companies in the world.
Over the past three decades, ADNOC has expanded its business activities, enhanced its competitive position and managed to become one of the world's leading oil companies with substantial business interests in upstream and downstream activities, including transportation, shipping, marketing and distribution.
ADNOC has 16 subsidiary companies working in various fields of the oil, gas and petrochemical industry, as well as crude oil and gas transport and services. They include ADCO, ADMA-OPCO, GASCO, ADGAS, ZADCO, TAKREER, NDC, ESNAAD, IRSHAD, FERTIL, BOROUGE, NGSCO, ADNATCO, ADGDC, ELIXIER and ADNOC- Distribution.
Established in 1988, the Supreme Petroleum Council (SPC) is the highest authority responsible for the petroleum affairs of the Emirate of Abu Dhabi in the United Arab Emirates. The Council formulates and oversees the implementation of the Emirate’s petroleum policy, and serves as the Board of Directors for the Abu Dhabi National Oil Company.
For more information visit:www.adnoc.ae
Borealis is a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers. Headquartered in Vienna, Austria, Borealis operates in over 120 countries with around 5,300 employees worldwide, generating EUR 7.5 billion in sales revenue in 2012.
The International Petroleum Investment Company (IPIC) of Abu Dhabi owns 64% of the company, the remaining 36% is 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).
Borealis offers a wide range of base chemicals, including melamine, phenol, acetone, ethylene and propylene servicing a wide range of industries. Together with Borouge the two companies will produce approximately 6 million tonnes of base chemicals in 2014.
Borealis also creates real value for the agricultural industry with a large portfolio of fertilizers. The company distributes approximately 2.1 million tonnes per year.
Building on the unique Borstar® and BorlinkTM technologies and 50 years of experience in polyolefins, Borealis and Borouge support key industries, including infrastructure, automotive and advanced packaging. When the Borouge plant expansion in Abu Dhabi is fully operational by 2014, with a total annual capacity of 4.5 million tonnes, Borealis and Borouge will have a combined total polyolefin capacity of approximately 8 million tonnes of polyolefin.
Borealis and Borouge aim to proactively benefit society by taking on real societal challenges and offering real solutions. Both companies are committed to the principles of Responsible Care®, an initiative to improve safety performance within the chemical industry. Furthermore, we are dedicated and contribute to helping solve the world's water and sanitation challenges through product innovation and their Water for the WorldTM programme.
For more information visit:www.borealisgroup.com
The operations of Borealis, Borouge and NOVA Chemicals span the globe and cater to the world’s evolving needs for sustainable innovative plastics solutions. Together they manufacture approximately 10 million tonnes of polyethylene and polypropylene annually, placing them amongst the largest producers of polyolefins in the world.
What unites these three companies is that they all belong to one Global Petrochemicals Family which includes their owner companies IPIC, the International Petroleum Investment Company, OMV, the leading energy group in the European growth belt, and ADNOC, the Abu Dhabi National Oil Company.
In 1997 IPIC and OMV, one of its partly owned European companies, acquired Borealis, a leading provider of chemicals and innovative plastics solutions now based in Austria. Shortly thereafter, in 1998, ADNOC and Borealis formed a groundbreaking partnership to focus on the expanding plastics markets of the Middle East and Asia. They called this partnership Borouge. Over a decade later, in 2009, IPIC acquired NOVA Chemicals, a leading producer of plastics and chemicals based in North America.
While the companies operate entirely separately, each with their own Management, Strategy, Mission, Vision and Values, the common thread is their commitment to the successful growth and combined contribution of petrochemicals to society. The success of this Global Petrochemicals Family is based on a value proposition offering scale of operations, feedstock integration, proprietary technology and access to global markets.