Borealis AG
Other chemical products
Company Overview and Vision
Borealis, headquartered in Vienna, Austria, is a global leader in advanced and circular polyolefin solutions, a European market leader in plastics mechanical recycling, and a significant producer of base chemicals. Established in 1994, its core purpose is to 're-invent essentials for sustainable living,' driven by a commitment to safety, innovation, and performance. With approximately 6,200 employees, Borealis operates across five continents in over 120 countries. Owned by OMV (75%) and ADNOC (25%), the company reported a net profit of EUR 566 million in 2024.
Products and Solutions
Borealis offers a comprehensive portfolio of innovative plastic and base chemical solutions, including polyolefins like polyethylene (PE) and polypropylene (PP), and base chemicals such as ethylene and propylene. Proprietary technologies encompass Borstar® for advanced polyolefins, Borlink™ for high-voltage power cables, and the Bornewables™ range of circular polyolefins, derived from waste and residue streams, offering a substantially reduced carbon footprint. Borcycle™ solutions facilitate mechanical and chemical recycling, while specialized product families like Bormed™ serve healthcare and Quentys™ supports solar applications. These materials cater to diverse industries including packaging, energy, healthcare, infrastructure, mobility, and appliances.
Global Presence and Sustainability Commitment
With a robust global footprint, Borealis maintains production, recycling, and innovation centers across Europe, the Americas, and Asia, augmented by joint ventures like Borouge and Baystar™. Sustainability is central to its operations, with a goal to become a net-zero company by 2050. Borealis targets 100% renewable electricity in its Polyolefins and Hydrocarbons operations by 2030, having achieved 50% by late 2024. The company actively promotes a circular economy through initiatives like EverMinds™ and Project STOP, which establishes effective waste management systems to combat marine plastic pollution in Southeast Asia.
Innovation and Strategic Partnerships
Borealis consistently demonstrates innovation, recognized as a top patent applicant in Austria. Its strategy involves deep collaboration across the value chain, partnering with customers and experts to develop tailored, high-performance solutions. Recent investments include expanding polypropylene compounding capabilities and acquiring companies like Rialti to enhance its recyclate portfolio. This collaborative and innovation-driven approach underpins Borealis' dedication to delivering value-adding, circular solutions for evolving industry demands and a more sustainable future.
