Borealis
 |
|
| Public Limited | |
| Industry | Petrochemicals |
| Founded | 1994 |
| Headquarters | Vienna, Austria |
|
Key people
|
Mark Garrett, CEO; Mark Tonkens, CFO |
| Products | polyolefins, hydrocarbons, base chemicals, fertilizers |
| Revenue | 7.2 billion € (2016) |
|
Number of employees
|
6,600 approx. (2016) |
| Website | www.borealisgroup.com |
Borealis AG is Europe's second and world`s eighth largest producer of polyethylene (PE) and polypropylene (PP) and is headquartered in Vienna, Austria.
Borealis AG is an international company in producing polyethylene (PE) and polypropylene (PP) products for the infrastructure, automotive and packaging market sectors. Its plastics are converted by customers into products such as food packaging, medical devices, diapers, energy and communication cables, water and sanitation distribution pipes and automotive parts.
With EUR 1.1 billion net profit in 2016 and 6,600 employees, Borealis is headquartered in Vienna and operates primarily in Europe, with manufacturing operations in Belgium, Central Europe (Austria and Germany), Finland and Sweden. It also operates compounding units in Brazil, Italy and the USA, two "innovation centres", European Innovation Headquarters as well as customer service centres in several countries.
The company is co-owned between the International Petroleum Investment Company of Abu Dhabi (64%) and OMV Aktiengesellschaft (36%).
Though Borealis’ core products are polyolefins, the collective name for PE and PP, it also produces hydrocarbons, namely ethylene, propylene and phenol. With the acquisition of Agrolinz Melamine International (AMI), the company is expanding its product portfolio to include melamine and fertilizer.
In 2015 Borealis filed a total of 96 new patent priority applications, which is more than any other Austrian company.
Borealis was founded in 1994 by the merging of Neste and Statoil. In 1998 the petro chemistry sector of OMV was included; OMV and IPIC took over the 50% business share of Neste. In 2005 Statoil gave up its share of Borealis and one year later, in June 2006, the headquarters was relocated from Copenhagen to Vienna. The International Petroleum Investment Company (IPIC) of Abu Dhabi owns 64% of the company, with the remaining 36% owned by OMV, an integrated, international oil and gas company.
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