2021

Introduction

Reviewing 2021

Reviewing 2021

Highlights 2021

• Safety first – TRI rate of 2.3 in 2021 compared to 3.9 in 2020.
• Record breaking results despite ongoing market volatility due to COVID-19:
  • Net profit of EUR 1.4 billion
  • 133 priority patents filed
• #strongertogether enables closer collaboration and realisation of synergies with majority owner OMV.
• USD 6.2 billion investment agreement to build Borouge 4 extends and deepens partnership with ADNOC and is cornerstone of Borouge 2030 Strategy.
• Geographic footprint expansion on track as construction on growth projects continued apace in Belgium (Kallo), the UAE (Ruwais) and the US (Baystar™), despite ongoing pandemic.
• Project STOP to be extended to serve 2 million Indonesians by 2025, establishing around 1,000 new jobs and collecting 25,000 tonnes of plastic waste annually.
• Driving the circular economy: acquisition of minority stakes in innovative recycler Renasci and sustainable packaging innovator Bockatech; value chain co-operation results in numerous circular food packaging innovations, from Emmi’s Caffè Latte to Greiner Packaging’s food cups.
• Borealis and TOMRA open state-of-the-art demo plant for advanced mechanical recycling in Germany.
• The Bornewables™ portfolio of circular polyolefins can help reduce CO2 emissions, says Life Cycle Assessment study conducted in Germany.
• Total amount of renewable power secured for European production operations via multiple power purchase agreements provides enough energy to power 160,000 households for an entire year and makes up around 20% of the Borealis Group’s power consumption.
• Qpinch heat recovery demonstration unit at Borealis low density polyethylene plant in Belgium is first to apply revolutionary technology at commercial scale.
• Step-changing new material class for film capacitor applications developed in collaboration with TOPAS Advanced Polymers.