2020

Introduction

Reviewing 2020

Reviewing 2020

Highlights 2020

• Safety first: continued focus on safety with a TRI rate of 1.7 in 2020.
• Progress continues uninterrupted on major growth projects in Belgium (Kallo), US (Baystar™) and UAE (Borouge PP5) despite COVID-19 pandemic.
• Successful mobilisation of internal resources to mitigate impact of COVID-19 pandemic across Borealis operations.
• OMV increases ownership share in Borealis to 75%, Mubadala retains 25%.
• Borealis assumes controlling stake in South Korean compounder DYM Solution Co., Ltd.
• Baystar project to expand North American footprint becomes a 50/50 joint venture between Borealis and Total S.A.
• The Bornewables™ portfolio of premium circular polyolefins is launched.
• First cargo of certified renewable phenol delivered to strategic partner Covestro.
• Borealis starts producing renewable polypropylene based on Neste-produced feedstock in Kallo and Beringen, Belgium.
• Long-term purchase power agreements for renewable energy supply signed with Mermaid and Eneco in Belgium, Ilmatar in Finland.
• European Investment Bank (EIB) supports development of circular economy solutions at Borealis by way of EUR 250 million loan.
• Crosslinked polyethylene power cables made of Borealis Borlink™ power the German Energiewende (transition to a low-carbon economy).
• Novel value-chain collaboration ensures plastics traceability in the automotive sector.
• Borealis signs manifesto urging UN to draft treaty on global plastic pollution.
• Project STOP provided sustainable waste collection services to 133,500 people, created 168 new full-time jobs and built Indonesia’s largest material sorting and recovery facilities.