Vienna, Austria / Harelbeke, Belgium, January 21, 2025
Borealis, a leading provider of advanced and sustainable polyolefin solutions, has signed a long-term power purchase agreement (PPA) with Aspiravi, a prominent Belgian renewable energy producer: Aspiravi will supply Borealis with 120 GWh of renewable energy annually from 20 onshore wind turbines located across eight wind parks in Belgium, starting in 2026. This renewable energy will be used to power Borealis' operations in Belgium, reducing the company's Scope 2 emissions by approximately 54,100 metric tons of carbon dioxide (CO2) annually.
"We are delighted to partner with Aspiravi to secure a reliable and sustainable energy supply for our operations. By focusing on local energy sourcing, we are contributing to the creation of value in Belgium, fostering economic growth, and supporting sustainable development in the region. This agreement brings us closer to our goal of sourcing 100% of our electricity from renewable sources by 2030 and is a testament to how we reinvent essentials for sustainable living," comments Wolfram Krenn, Borealis Executive Vice President Base Chemicals and Operations.
"Aspiravi is proud to welcome Borealis as a partner in the energy transition through this long-term agreement. As a pioneer in renewable energy solutions in Belgium, Aspiravi is ready to support Borealis in achieving its decarbonization goals and sustainability ambitions. What’s more, the energy for this project is sourced and utilized entirely within Belgium. This partnership with Borealis will not only strengthen the Belgian energy landscape, it also contributes directly to the climate goals of Borealis and of Belgium,” says Bernard Steverlynck, CEO Aspiravi Onshore.
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This media release is also available in German and Dutch language.
Media contacts:
Borealis
Borealis Group Media Desk
Virginia Wieser, Lena Lehner, Karin Schober
Tel: +43 1 22 400 899 (Vienna, Austria)
E-mail: media@borealisgroup.com
Aspiravi Group
Aspiravi nv
An Schaubroeck
Tel: +32 473 902 960 (Belgium)
E-mail: an.schaubroeck@aspiravi-holding.be
About Borealis
Borealis is one of the world’s leading providers of advanced and sustainable polyolefin solutions. In Europe, Borealis is also an innovative leader in polyolefins recycling and a major producer of base chemicals. We leverage our polymer expertise and decades of experience to offer value-adding, innovative and circular material solutions for key industries such as consumer products, energy, healthcare, infrastructure and mobility.
With customers in over 120 countries and head office in Vienna, Austria, Borealis employs around 6,000 people. In 2023, we generated a net profit of EUR 216 million. OMV, the integrated energy, fuels & feedstock and chemicals company headquartered in Vienna, Austria, owns 75% of our shares. The Abu Dhabi National Oil Company (ADNOC), based in the United Arab Emirates (UAE), owns the remaining 25%.
In re-inventing essentials for sustainable living, we build on our commitment to safety, our people, innovation and technology, and performance excellence. We are accelerating the transformation to a circular economy of polyolefins and expanding our geographical footprint to better serve our customers around the globe. Our operations are augmented by two important joint ventures: Borouge (with ADNOC, headquartered in the UAE); and Baystar™ (with TotalEnergies, based in the US).
www.borealisgroup.com | www.borealiseverminds.com
About Aspiravi Group
Aspiravi has been a Belgian pioneer in the energy transition for over twenty years, leading the way in the innovative renewable energy sector. Aspiravi Group operates 249 onshore wind turbines and 172 offshore wind turbines, with a total installed capacity of 1,720 MW. These installations produce renewable local energy equivalent to the average annual consumption of 1.93 million families. This green energy production helps avoid 2.37 million tons of CO₂ emissions annually.
Aspiravi is dedicated to driving sustainability through its renewable energy projects. Aspiravi develops, invests in, builds, and operates renewable energy projects, delivering green energy to the needs of energy-intensive industries and corporate clients. Its partners include Borealis, Google, MIVB/STIB, CABKA, d'Arta, and Decathlon.
www.aspiravi.com
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Group Media Desk
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