Borealis AG

Borealis AG

Borealis AG

With headquarters in Vienna, Austria, Borealis currently employs around 6,600 people and operates in over 120 countries. It generated EUR 7.2 billion in sales revenue and a net profit of EUR 1.1 billion in 2016. Mubadala, through its holding company, owns 64% of the company, with the remaining 36% belonging to OMV, an international, integrated oil and gas company based in Vienna. 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).

Company details

IZD Tower, Wagramerstrasse 17-19 , Vienna , A-1220 Austria
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Business Type:
Manufacturer
Industry Type:
Pipes and Piping
Market Focus:
Globally (various continents)

This company also provides solutions for other industrial applications.
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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 contribute to solve the world's water and sanitation challenges through product innovation and their Water for the World programme.

Borealis' mission is to be the leading provider of chemical and innovative plastics solutions that create value for society
  • Grow PO business in Infrastructure, Automotive and Advanced Packaging.
  • Expand Borouge to supply growth in the Middle East and Asia and leverage into Europe.
  • Pursue operational excellence, considering safety at all times.
  • Exceed in customer service with a focus on quality and reliable execution.
  • Strengthen the European base and ensure cost competitiveness from feedstocks to customers.
  • Drive productivity in Base Chemicals with a focus on growth in Fertilizers and strengthening the cracker asset base and business.
  • Achieve a step change in innovation.
  • Continue to develop cross-cultural organisational capabilities and a learning organisation.
  • Outperform financially
    11%+ average return on capital employed (ROCE) after tax, 40 – 60% debt to equity ratio.

Responsible

  • To be leaders in Health, Safety and the Environment
  • To act as good neighbours wherever operating
  • To do business according to high ethical standards

Respect

  • Involve people and communicate in a straightforward way
  • Work together – helping and developing each other
  • 'One Company' mind-set – building on diversity

Exceed

  • Our customers' and owners' success is our business
  • We win through commitment and innovation
  • To deliver what is promised – and a little bit more

Nimblicity

  • To be fit, fast and flexible
  • Create and capture opportunities
  • Seek the smart and simple solutions

Borealis’ Value Creation through Innovation strategy sets it apart from other companies in the industry because it puts tremendous focus on the entire value chain. Borealis does not just make products, but rather has the ambition to look at the entire life cycle of how these products are processed, deployed, used and ultimately recovered.

Applying its Visioneering Philosophy, Borealis identifies and anticipates unmet market needs to consequently develop the corresponding solution. Through investing in our people and their expertise, in proprietary technologies such as Borstar® and the way we do R&D we unlock the materials' molecular properties and create tailor-made products.

Borealis believes that leveraging internal research and development together with external ideas, competences and resources in a structured way can provide better solutions to its customers’ needs and create value for society. By working with external partners throughout the value chain and establishing collaborations with academia, customers, suppliers, brand owners, Borealis is continuously pursuing new technologies and business opportunities through Open Innovation (OI).

Open Innovation

Through collaboration efforts with universities around the world, Borealis aims to develop new technologies and solutions. The company also recognises the two most innovative research papers on polyolefins, olefins, base chemicals or fertilizers to engage young people in Borealis' mission of providing chemical and innovative plastics solutions with its Student Innovation Award.

As described below, Borealis is also applying all other aspects of Open Innovation in its innovation process. Please get in touch with your good ideas  – Borealis is open for business.

Sustainable Innovation Leadership

Borealis has a well-established innovation project management process where customer needs, experts, processes and technologies are combined. Multidisciplinary project team representing R&D, business and production ensure efficient knowledge sharing; creates insights across boundaries and ultimately leads to timely achievement of our innovation goals.

As part of Borealis' overall growth strategy, Borealis is committed to spend a substantial part of our R&D and innovation resources in breakthrough research and development projects. The company believes that only in this way value-adding products can be developed that put Borealis and its customers at the forefront of their industry.

Polyolefins

The polyolefin products manufactured by Borealis form the basis of many valuable plastics applications that are an intrinsic part of our daily lives. Borealis works closely with its customers and industry partners to provide innovative and value-creating plastics solutions that make end products safer, lighter, more affordable and adaptable. Advanced Borealis polyolefins have a role to play in saving energy along the value chain and promoting more efficient use of natural resources.

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).

The areas of polyolefins applications are wide-ranging and diverse. At Borealis, these areas are called Energy, Automotive, Consumer Products, and Pipe. New Business Development explores novel and potentially significant polyolefin products and applications.

Energy

Borealis is a leading provider of polyolefin compounds for the global wire and cable industry. A broad range of sophisticated extra-high, high and medium voltage cable applications, semi-conductive products as well as low voltage energy transmission and distribution cable solutions are made possible by Borealis' proprietary technologies. Cutting-edge innovations based on Borlink™ developed for the wire and cable industry make power grids more robust and reliable, help eliminate wastage, and make it possible to transport energy from renewable sources more efficiently and over longer distances.

Borealis' unique polymer manufacturing technologies make the wires and cables used in the construction and automotive industries safer, and improve the efficiency of data and communication networks. Borealis is also a leading supplier of polypropylene (PP) material solutions for capacitor film products. Exhibiting exceptional cleanliness standards, these materials help achieve outstanding electrical properties, and their consistent processing behaviour enables the production of extremely thin films.

Automotive

Borealis is a leading provider of polyolefin compounds for the global wire and cable industry. A broad range of sophisticated extra-high, high and medium voltage cable applications, semi-conductive products as well as low voltage energy transmission and distribution cable solutions are made possible by Borealis' proprietary technologies. Cutting-edge innovations based on Borlink™ developed for the wire and cable industry make power grids more robust and reliable, help eliminate wastage, and make it possible to transport energy from renewable sources more efficiently and over longer distances.

Borealis' unique polymer manufacturing technologies make the wires and cables used in the construction and automotive industries safer, and improve the efficiency of data and communication networks. Borealis is also a leading supplier of polypropylene (PP) material solutions for capacitor film products. Exhibiting exceptional cleanliness standards, these materials help achieve outstanding electrical properties, and their consistent processing behaviour enables the production of extremely thin films.

Consumer Products

With over 50 years' experience in the industry, Borealis is an innovative and reliable supplier of superior polyolefin plastic materials used in consumer products, advanced packaging and fibre.

White goods (from washing machines to refrigerators and air conditioning units) and small appliances (from toasters to power tools) are made more robust yet lighter, more energy efficient yet visually appealing, thanks to Borealis' advanced PP solutions. Superior and proprietary Borealis technologies also make advanced applications possible in flexible packaging (including lamination film, shrink film, stand-up pouches); rigid packaging (caps and closures, bottles, thin wall and transport packaging); and non-woven and technical fibres (filtration systems, hygiene products, technical textiles).

These value-added packaging and fibre innovations play a role in safeguarding the quality and safety of consumer and industrial products, but also fulfil demand for enhanced functionality and convenience. Plastic food packaging, for example, helps protect and preserve food from farm to fork. Spoilage is avoided thanks to efficient filling systems and leak-resistant packaging. Food stays fresher longer, and less must be thrown away. What is more, the consumer has a wider range of choices when it comes to convenient and appealing packaging formats.

Pipe

As a trusted and experienced partner with more than 25 years of experience, Borealis supplies materials for advanced polyolefin pipe systems that help the pipe industry better serve a variety of communities worlwide. Using its proprietary Borstar® technology as a base, Borealis offers pipes used in many different industries: water and gas supply, waste water and sewage disposal, irrigation, plumbing and heating, and oil and gas, including multi-layer coating solutions for onshore and offshore oil and gas pipelines. By offering more durable and reliable pipes, Borealis' step-change innovations continue to boost the sustainability of pipe networks by making them safer and more efficient, by helping eliminate wastage and loss whilst at the same time offering energy savings. Borealis has been a solution provider and one-stop shop for polyolefins in the oil and gas industry providing reliable service and quality from one end of the pipeline to the other. Water and sanitation systems can be made more efficient and reliable by using proprietary Borealis materials. Compared to conventional materials, such modern polyethylene (PE) systems reduce water losses by a factor of eight. Trenchless technology reduces installation costs by up to 60%.

New Business Development

Borealis' impressive track record in Value Creation through Innovation and its close cooperation with customers enables it to develop innovative products and solutions in the areas of healthcare, plastomers and foamable materials based on its proprietary technologies. Importantly, as global suppliers, Borealis and Borouge can ensure the security of supply and provide technical support tailored to the specific and stringent requirements of the market.

In Healthcare, the ever-growing Bormed polyolefins portfolio offers superior technical performance for medical devices, pharmaceuticals, and diagnostic packaging. In Plastomers, Borealis continues to expand its wide range of attractive plastomers solutions with its brand Queo™ to meet or even surpass the most demanding requirements in sealing, flexibility, compatibility and processability. In foamable materials, Borealis' high- melt-strength (HMS) PP-based products fulfil the varying and sophisticated needs of both converters and consumers in the packaging, automotive and construction industries.

Base Chemicals

At Borealis, Base Chemicals is a solid foundation to build upon. Borealis produces a wide range of base chemicals such as melamine, phenol, acetone, ethylene and propylene for use in numerous and diverse industries, as well as fertilizers and technical nitrogen products. Fully committed to international Base Chemicals activities as the solid foundation of its overall business, Borealis will continue to develop this profitable area with its unique feedstock capabilities, logistics and integration strengths.

Borealis' Base Chemicals business consists of three units: Hydrocarbons & Energy, Melamine and Fertilizers.

Hydrocarbons & Energy

Borealis sources basic feedstocks such as naphtha, butane, propane and ethane from the oil and gas industry and converts these into ethylene and propylene through its olefin units. Steam crackers in Finland, Sweden, and Abu Dhabi, the latter operated by Borouge, produce both ethylene and propylene, while propylene is also produced in a propane dehydrogenation plant in Kallo, Belgium. Feedstock and olefins required for Borealis and Borouge plants are either sourced from its owners or purchased from the markets. A range of co-products from the steam cracking process, including pygas and butadiene, are also sold to international markets.

Phenol, benzene and cumene as well as acetone are produced in Finland and are sold mainly to the adhesive, fibre, epoxy resin and polycarbonate industries in Northern Europe. In the Nordic and Baltic regions, Borealis is the leading producer of phenol, which is used in adhesives, construction materials, carpets, CDs, DVDs, mobile phones and household appliances. Acetone is commonly used in solvents for paints, acrylics, fibres and pharmaceuticals. Benzene and cumene are feedstocks for other chemical processes.

Melamine

As the second-largest producer of high-quality melamine in Europe, Borealis produces melamine at its plants in Linz, Austria, and at Borealis facilities in Piesteritz, Germany. Melamine is converted from natural gas and has itself become an essential material for the global production of synthetic resins. Around 80% of Borealis' melamine production is destined for the wood-based panel industry, for example for decorative surface coatings of wood- based materials. In the manufacture of everyday objects used in the kitchen or around the house, melamine also plays an important role, for example as one component used to make handles for pots and pans.

Fertilizers

Efficient and effective use of fertilizers has become more essential than ever. The world's population is expected to rise from today's 7.2 billion to over 9 billion by 2050, and an increasing number of people will live in densely-populated urban areas. As incomes in emerging nations rise, more meat is consumed and thus more grain to feed livestock must be produced. Bio-fuels are also generating demand for increased yields. Because there is limited space for agricultural expansion, yields must be optimised. At the same time, there is in developed nations a heightened environmental awareness of the need to promote fertilizers with low carbon footprints, to maintain healthy soil environments, and reduce run-off from fields.

As one of the leading fertilizer producers in Europe, Borealis is helping make farming more efficient in order to feed more people and livestock. Borealis supplies over five million tonnes of fertilizers and technical nitrogen products each year via its Borealis L.A.T distribution network. With 60 warehouses across Europe and an inventory capacity of over 700,000 tonnes, Borealis L.A.T promotes a broad fertilizer portfolio: nitrogen-based straight fertilizer; complex fertilizer – a combination of nitrogen (N), phosphate (P) and potassium (K); and a range of other technical nitrogen products, from ammonia and ammonium nitrates to nitric acid and urea solutions. The roll-out of the N-Pilot®, an innovative new diagnostic tool to help optimise nitrogen fertilizer application, has begun across Europe and will continue into 2016.

Borealis: from the north

Borealis was formed in 1994 through the merger of Statoil and Neste. The Latin word 'Borealis' means 'from the north' and reflects the company's early ties to the Nordic region. The first Borealis head office was located in Copenhagen, the capital of Denmark. Over the years, Borealis has developed from its early Nordic roots to an international company with a strong presence primarily in Central Europe and the Middle East. Since 2006, its headquarters have been in Vienna, the capital of Austria.