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Owners

Owners

Borouge was founded by and is still owned by two major players in the global oil and chemical markets.

Abu Dhabi National Oil Company (ADNOC)

The Abu Dhabi National Oil Company (ADNOC) is one of the world's leading oil and gas companies. It operates across the entire hydrocarbon value chain, through a network of fully-integrated businesses, with interests that range from exploration, production, storage, refining and distribution, to the development of sophisticated, value-added petrochemical products for fast-paced industries. For over 45 years, ADNOC has been the primary catalyst for Abu Dhabi’s growth and diversification, managing, producing and preserving the Emirate’s hydrocarbon reserves on behalf of the Abu Dhabi Government. www.adnoc.ae 

Borealis

Borealis is a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers. With its head office in Vienna, Austria, the company currently has around 6,600 employees and operates in over 120 countries. Borealis generated EUR 7.2 billion in sales revenue and a net profit of EUR 1,107 million in 2016. The International Petroleum Investment Company (IPIC) of Abu Dhabi owns 64% of the company, with the remaining 36% belonging to Austria-based OMV, an integrated, international oil and gas company. 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).

Building on its proprietary Borstar® and Borlink™ technologies and more than 50 years of experience in polyolefins, Borealis and Borouge support key industries with a wide range of applications in the areas of energy, automotive, pipes, consumer products, healthcare, and advanced packaging.

The Borouge 3 plant expansion made Borouge the world’s largest integrated polyolefins complex. Now fully ramped up, the additional 2.5 million tonnes of polyolefins capacity yield a total Borouge capacity of 4.5 million tonnes, and a combined Borealis and Borouge capacity of 8 million tonnes.

Borealis offers a wide range of base chemicals, including melamine, phenol, acetone, ethylene, propylene, butadiene and pygas, servicing a wide range of industries. Borealis also creates real value for the agricultural industry, selling approximately 5 million tonnes of fertilizers. Technical nitrogen and melamine products complement the portfolio with applications ranging from mono-nitrogen oxide (NOx) abatement to glues and laminates in the wood working industry.

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, and work to solve the world's water and sanitation challenges through product innovation and their Water for the World™ programme.

For more information please visit: www.borealisgroup.com

 

Global petrochemicals family

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.