Borealis is one of the world’s leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilizers and the mechanical recycling of plastics. Borealis is one of the world’s leading providers of and a European market leader in , and the of plastics. We leverage our polymers expertise and decades of experience to offer value adding, innovative and circular material solutions for key industries. In re-inventing for more sustainable living, we build on our commitment to safety, our people and excellence as we accelerate the transformation to a circular economy and expand our geographical footprint.
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- Business Type:
- Manufacturer
- Industry Type:
- Environmental
- Market Focus:
- Globally (various continents)
This company also provides solutions for other industrial applications.
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About Us
With head offices in Vienna, Austria, Borealis employs 6,900 employees and operates in over 120 countries. In 2020, Borealis generated EUR 6.8 billion in sales revenue and a net profit of EUR 589 million.OMV, the Austria-based international oil and gas company, owns 75% of Borealis, while the remaining 25% is owned by a holding company of the Abu-Dhabi basedMubadala. We supply services and products to customers around the globe through Borealis and two important joint ventures:Borouge(with the Abu Dhabi National Oil Company, or ADNOC, based in UAE); andBaystar™ (with Total, based in the US).
Borealis keeps discovering new applications and material solutions that address global challenges in the areas of climate, energy, food, health, water and sanitation, waste, and the mechanical recycling of polyolefins. As a reliable partner, Borealis creates ever more value for its customers and partners by developing new approaches, technologies and products.
Group Strategy 2035
Borealis’ new corporate strategy 2035 builds on the company’s core values and capabilities in order to achieve sustainable growth moving forward. The essential dimensions of the new strategy include the transformation to a circular economy and the creation of an even more customer-centric organisation that adds value on a global scale. The successful implementation of the new strategy as of the first quarter of 2020 will strengthen Borealis’ leading position in the industry.
Key Figures
Gearing
Over the full year 2020, net debt increased by EUR 264 million. Operating cash flow in 2020 exceeded the level of 2019, allowing for ongoing investments in large growth projects, acquisitions and the payment of a EUR 300 million dividend for 2019 to Borealis shareholders. Borealis financial position remained strong, with a gearing of 29% at year-end 2020.
Total Recordable Injuries *)
In 2020 Borealis reported a Total Recordable Injuries (TRI) frequency per million working hours of 1.7. This represents a reduction in safety performance versus the 1.6 recorded in 2019. While a TRI rate of 1.7 is still world-class in the industry, this result is below our expectations and Borealis must continue to improve its safety culture in order to reach its ambitious “Goal Zero” of no accidents or incidents whatsoever.
EU ETS CO2Emissions
EU Emission Trading Scheme (ETS) CO2 emissions: All greenhouse gas emissions (GHG) as per the European ETS expressed in CO2 equivalents (since 2009 this indicator has replaced the reporting of direct carbon dioxide emissions).
Energy Consumption
Primary energy consumption: Consumption of all energy vectors (i.e. fuels, electricity and steam). Electricity and steam are converted into primary energy with standard conversion factors of 40% (electricity) and 90% (steam).
Flaring Performance
*) Environmental data might be subject to minor adjustments due to ongoing audits and missing third-party data at the time of closing of this report. Severe upsets led to significant emergency flaring during shut-downs; further there was a lack of recycling capacity.
Our Values
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.
Responsible
- We strive for zero incidents in health and safety
- We consider our local and global responsibility for the environment in our decisions
- We do business according to high ethical standards and lead by example
Respect
- We trust and involve people and communicate openly, respectfully and in a timely manner
- We collaborate, support and help each other to develop for the best of Borealis
- We build on diversity for better results as “One Company”
Exceed
- We win through Excellence and deliver beyond expectations
- We commit to making joint decisions and follow through
- We give feedback and make “Connect-Learn-Implement” and “Continuous Improvement” a natural way of working
Nimblicity
- We are fit, fast and flexible and seek smart and simple solutions
- We encourage decisions on all levels of the organisation to increase ownership and speed to realisation
- We welcome change and manage it to shape our future
Industry Segments
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.
Borealis is a leading supplier of innovative polyolefin plastic materials for engineering applications in the automotive industry. Proprietary Borealis technologies are lighter weight replacement solutions for conventional materials like metal, rubber and engineering polymers.
Borealis material solutions help facilitate lightweight construction and thus play an important role in reducing carbon emissions. Borealis grades with post-consumer recycled (PCR) plastics content meet growing industry and end-user demand for high quality materials that make better use of natural resources. Combining PCR and virgin material to produce high-end grades of consistent quality translates into less resource waste.
Borealis offers these leading-edge, lightweight polyolefins for a wide range of exterior, interior, and under-the-bonnet applications. Working closely with key value chain partners, Borealis continually develops novel materials for specific composite applications such as structural carriers.
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.
History
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.
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Events Attended
- ECWATECH 2010 - The International Trade Fair and Congress
- ACCADUEO 2008
Industries Served
- Agriculture
- Environmental
- Water and Wastewater - Pipes and Piping