Our Structure and Ownership

A solid footprint in the petrochemicals industry

Borealis is owned by the International Petroleum Investment Company (IPIC) of Abu Dhabi (64%) and by OMV Aktiengesellschaft, Central Europe's leading oil and gas group (36%).

Dr. Gerhard Roiss, Deputy Chairman of the Executive Board

Khadem Al Qubaisi, Managing Director and Member of the Board of IPIC

Dr. Gerhard Roiss, Deputy Chairman of the Executive Board, OMV, is Chairman of Borealis AG and Mr. Khadem Al Qubaisi, Managing Director and Member of the Board of IPIC, is the Vice Chairman.

Company Backgrounders

The International Petroleum Investment Company (IPIC)

IPIC is fully owned by the Government of the Emirate of Abu Dhabi, and responsible for investments in refining and marketing, petrochemicals and other hydrocarbons-related sectors, outside the Emirates.

The organisation is supervised by an independent Board of Directors headed by H. H. Sheikh Mansour Bin Zayed Al Nahyan, Minister of Presidential Affairs, Government of United Arab Emirates and member of the Supreme Petroleum Council of Abu Dhabi.

IPIC is an internationally active, strategic investment company committed to operating on commercial principles and maximising its long run shareholder value. Its current portfolio includes a 17.6% stake in OMV Aktiengesellschaft.

OMV Aktiengesellschaft

With Group sales of EUR 18.97 billion and a workforce of 40,993 employees in 2006, as well as market capitalisation of approximately EUR 14 billion, OMV Aktiengesellschaft is Austria’s largest listed industrial company.

As the leading oil and gas group in Central Europe, OMV is active in Refining and Marketing (R&M) in 13 countries. In Exploration and Production (E&P), OMV is active in 20 countries on five continents. In the Gas business segment, OMV has storage facilities and a 2,000-km-long pipeline system, transporting 47 bcm of natural gas annually to countries such as Germany and Italy. Sales volumes of gas amount to 14.11 bcm.

OMV holds stakes in integrated chemical and petrochemical plants:

36% of Borealis AG,
51% of Petrom SA,
50% of EconGas GmbH,
45% of the BAYERNOIL refining network
36.4% of the Turkish company Petrol Ofisi ,
20.2% of the Hungarian company MOL.

With the acquisition of a majority stake in the Romanian Petrom, OMV has become the largest oil and gas group in Central Europe, with oil and gas reserves of approximately 1.3 billion boe, daily production of around 324,000 boe and an annual refining capacity of 26.4 million metric tonnes. OMV now has over 2,540 filling stations in 13 countries. The market share of the group in the R&M business segment in the Danube Region is now 20%.

OMV further strengthened its leading position in the European growth belt through the acquisition of Petrol Ofisi in 2006, Turkey's leading company in the retail and commercial business.

In June 2006, OMV established the OMV Future Energy Fund, a wholly owned subsidiary to support projects in renewable energy with more than EUR 100 million to initiate the change from a pure oil and gas group to an energy group with renewable energy in its portfolio.

Joint Ventures

Sales and Marketing joint venture

Borealis operates with a number of partners in Europe, South America and the Middle East. Borouge Pte. Ltd. in Singapore is the sales and marketing company of a 50/50 partnership between Borealis and the Abu Dhabi National Oil Company (ADNOC).

Borouge was established in 1998 to effectively meet polyolefin demand in Asia and the Middle East. Borealis and Borouge products are marketed jointly in the Middle East and Asia-Pacific through Borouge.

Production joint ventures

Zwijndrecht, Belgium - Speciality Polymers Antwerp is a 50/50 joint venture with DuPont. The company manufactures polyethylene at a 125,000 t/y high pressure polyethylene plant.
Itatiba and Triunfo, Brazil - Borealis Brasil S.A. is a joint venture of Borealis (80%) and the Brazilian company Braskem (20%). The joint venture, formed in 1999, has taken over OPP’s compounding business and assets in Brazil, and serves customers in the automotive and home appliances industries in South America.
Ruwais, United Arab Emirates - Borouge (Abu Dhabi Polymers Company Ltd.) is the production company of a joint venture between Borealis (40%) and the Abu Dhabi National Oil Company (60%). Constructed in 2001, the petrochemical complex in Ruwais, United Arab Emirates, currently employs approximately 400 employees. The site consists of an ethane-based cracker with an annual ethylene capacity of 600,000 t/y and two PE lines with a combined annual capacity of 580,000 t/y, which utilise Borealis' Borstar PE technology.