The Borealis Story

1994-1997

Borealis: "from the north"

1998-2000

Expanding in the Middle East

2001-2006

Investing in the future

2007-2010

Weathering the global financial crisis

2011-Today

Diversifying for sustainable growth

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Borealis becomes operational

Borealis becomes operational, with Neste and Statoil each holding 50%. Head office opens in Lyngby, Denmark. The name "Borealis" reflects the company's early Nordic roots, and is taken from the Latin word for "from the north."

Juha Rantanen becomes Borealis' first Chief Executive

We started from a clean sheet. This symbolised to everyone in the company to forget the past and focus on our future.Rantanen

Start of Corporate Co-operation Council (CCC)

The Corporate Cooperation Council (CCC), an international forum in which employees from different locations across Borealis meet with members of management, is founded.

Introduction of Borealis Ethics Policy

Borealis introduces the Borealis Ethics Policy, providing guidance on how to do business according to high ethical standards and in alignment with company values.

Start-up of first Borstar® polyethylene (PE) plant in Porvoo, Finland

We were creating something that nobody had ever created before. And better than anybody had ever before. The spirit was excellent all the time. As soon as we had these wonderful white pellets in our hands, it was just a great feeling.Viinanen

Launch of annual Health, Safety and Environment (HSE) Awards

Annual Health, Safety and Environment (HSE) Awards are launched.

Commitment to Responsible Care® Global Charter implementation

Borealis has been fully committed to Responsible Care® from the day we became operational where it counts most, in the countries where we have our main production sites.Benda Weibull, Corporate Vice President, HSE&O)

Svein Rennemo becomes Borealis' Chief Executive

Svein Rennemo becomes Chief Executive of the Borealis Group, succeeding Juha Rantanen, who had served as Chief Executive since 1994.

Sale of Borealis Industrier

Borealis sells its wholly-owned subsidiary Borealis Industrier to Lear Corporation.

Takeover of management responsibility for North Sea Petrochemicals (NSP)

Borealis takes over management responsibility for North Sea Petrochemicals (NSP) in Antwerp, a joint venture with Montell.

Start of joint venture with ADNOC

ADNOC selects Borealis as joint venture partner to build and operate a world-class petrochemical complex in the UAE.

Sale of Neste's 50% share in Borealis

Neste sells half of its 50% share in Borealis to OMV, the Austrian oil and gas group, and the remaining half to the International Petroleum Investment Company (IPIC) of Abu Dhabi. Statoil retains its 50% share.

Aquisition of Montell Polyolefins' 50% share in North Sea Petrochemicals NV (NSP)

Borealis acquires Montell Polyolefins' 50% share of North Sea Petrochemicals NV (NSP), making Borealis the sole owner of the 250,000 tonnes per year (t/y) polypropylene (PP) plant in Kallo, Belgium.

Creation of petrochemical complex in Abu Dhabi - Borouge

ADNOC and Borealis agree to build and operate a petrochemical complex in Abu Dhabi and to establish a marketing company in Singapore. The joint venture is named Borouge.

Acquisition of PCD Polymere

Borealis acquires PCD Polymere from OMV, the Austrian oil and gas group, becoming the fourth-largest polyolefins producer in the world.

Launch of Borealis official homepage

Borealis launches its official homepage, www.borealisgroup.com.

Construction and start-up of Borealis' first Borstar® polypropylene (PP) plant in Schwechat, Austria

Construction and start-up completed at Borealis' first Borstar® polypropylene (PP) plant in Schwechat, Austria. With an investment of EUR 140 million, the project is finished under budget and with a good safety record. Austria's Minister of Economy and Labour inaugurates the plant.

Establishment of joint venture with Petroquímica S.A.

Borealis and OPP Petroquímica S.A. of the Odebrecht Group agree to establish a joint venture compounding company in Brazil. Borealis-OPP is owned 80% by Borealis and is operational in December.

Launch of manufacturing joint venture with DuPont

Borealis and DuPont launch their 50-50 manufacturing joint venture, Speciality Polymers Antwerp N.V., in Zwijndrecht, Belgium.

Start-up of new petrochemical complex in Ruwais, UAE

Borouge, a joint venture between Borealis and ADNOC, starts up a new, EUR 1.4 billion petrochemical complex in Ruwais, UAE. It consists of a 600,000 tonnes per year (t/y) ethylene cracker and two Borstar® polyethylene (PE) plants with a combined production capacity of 450,000 t/y.

John Taylor becomes Borealis' Chief Executive

John Taylor becomes Chief Executive of the Borealis Group in April, succeeding Svein Rennemo, who had served as Chief Executive since 1996.

Retention of strong market position

Borealis maintains its strong market position and increases market share in key segments despite a net loss of EUR 41 million for the year. To regain profitability, Borealis updates its strategy and sets the goal of becoming a leading, profitable and integrated polyolefins supplier.

Shipment of first commercial Borstar® polyethylene (PE)

The Borouge joint venture petrochemical complex in the UAE ships its first commercial Borstar® polyethylene (PE) in January. It is officially inaugurated in October by the Crown Prince of Abu Dhabi.

Introduction of new Borealis company values

Borealis introduces its new company values: Responsible, Respect, Exceed and Nimblicity™. A unique bottom-up process resulting in a new addition to the English language, Nimblicity™ combines the essence of "nimble" and "simplicity."

Drop in recordable injuries by more than 50%

Total recordable injuries (TRIs) per million working hours drop more than 50% to 4.0 from 8.4 in 2001, thanks to a group-wide focus on safety.

Redesign of Borealis' technology organisation

Borealis' technology organisation is redesigned to accelerate the pace of innovation and ensure Borealis' future leadership in enhanced polyolefins. Four Innovation Centres are devoted to developing the next generation of polyolefins.

Launch of Shaping the Future with Plastics vision

Borealis launches its vision of Shaping the Future with Plastics at the October K Fair in Dusseldorf, Germany as part of a revitalised visual identity.

Improvement of safety and environmental performance

Safety and environmental performance show marked improvement, with total recordable injuries (TRIs) of 2.4 per million working hours, down from 3.8 in 2003.

Sale of Portuguese operations to Repsol YPF

The company reduces its European footprint from seven sites in 2001 to four operational hubs: Scandinavia (Norway and Sweden), Belgium, Central Europe (Austria and Germany) and Finland.

Purchase of Statoil's 50% shareholding in Borealis A/S by IPIC and OMV

The International Petroleum Investment Company (IPIC) of Abu Dhabi and OMV Aktiengesellschaft of Austria agree to purchase Statoil's 50% shareholding in Borealis A/S. The new Borealis ownership becomes 64% IPIC and 36% OMV.

Launch of Borstar® polyethylene (PE) 2G technology

We are very proud to present the newest Borstar® developments at a time when we are celebrating the 10th anniversary of our proprietary technology.Henry Sperle, Executive Vice President Hydrocarbons & Projects, Borealis

Receipt of prestigious DuPont Safety Award

Borealis wins the prestigious DuPont Safety Award in the Business Impact category for individual and collective initiatives in Europe, the Middle East and Africa. The award recognises Borealis' successful business transformation since 2001, including a step change in safety across the Group (including contractors) which has contributed to overall operational excellence.

Foundation of LINZER AGRO TRADE

LINZER AGRO TRADE becomes the distribution entity of Borealis fertilizer and technical nitrogen products. The business model is also changed, with diversification of customers along the value chain.

Relocation of Borealis' Head Office to Vienna, Austria

Borealis moves its head office from Copenhagen, Denmark, to Vienna, Austria, reinforcing its European footprint and positioning it strategically at the centre of Europe, and closer to its owners.

Inauguration of new Borstar® polyethylene (PE) plant

OMV and Borealis inaugurate the new 350,000 tonnes per year (t/y) Borstar® polyethylene (PE) plant. Production capacity at the Borstar® polypropylene (PP) plant is expanded to 300,000 t/y, and OMV's nearby cracker in Schwechat, Austria, from 650,000 to 900,000 t/y.

Closure of high density polyethylene (HDPE) plant in Bamble, Norway

Our polyethylene (LDPE) and polypropylene (PP) plants in Bamble in synergy with the total operations of hub Scandinavia and on cost competitive feedstock opportunities in the region. This is a further step by Borealis to strengthen its European operations.Roy Vardheim, General Manager, Borealis Scandinavia

Acquisition of Agrolinz Melamine International GmbH

At the end of the day, I think that melamine and fertilizer made a far more significant contribution to Borealis than anybody could have imagined.Mark Garrett

Launch of Gulf Plastics Pipe Academy (GPPA)

Borouge launches the Gulf Plastics Pipe Academy (GPPA) to promote the use of high-quality plastics pipe systems in the Middle East.

Sale of Borealis' Norway-based petrochemical business to Ineos

Borealis completes sale of Norway-based petrochemical business to Ineos. Worth EUR 290 million, the deal comprises a 175,000 tonnes per year (t/y) polypropylene (PP) unit and a 140,000 t/y low-density polyethylene (LDPE) unit, as well as a 50% share of the 557,000 t/y Noretyl gas cracker.

Formation of Base Chemicals business group

The Base Chemicals business group, which includes feedstocks and olefins, phenol and aromatics as well as melamine and fertilizer, is formed.

Launch of Water for the World™

Borealis and Borouge launch Water for the World™ and become co-founders of the prestigious Stockholm Water Prize, contributing to the promotion and reward of leadership and best practices in water management and sanitation.

Mark Garrett becomes Borealis' Chief Executive and Chairman of the Executive Board

Mark Garrett officially succeeds John Taylor as Chief Executive and Chairman of the Executive Board. After many years running the Hydrocarbons business, Henry Sperle takes on a new position as EVP for Middle East and Asia. Two new members join the Board: Martin Kuzaj, EVP of the newly-formed Base Chemicals business group, and Daniel J. Shook, Chief Financial Officer.

Borealis scientist appointed to Giulio Natta Award's Scientific Committee

We are honoured to bring our expertise in polymer research to this prestigious Scientific Committee to help select recipients of this illustrious award.Wim Roels, Borealis Vice President of Innovation and Technology

Launch of first water footprint initiative in the plastics industry by Borealis and Uponor

This initiative is part of Borealis and Borouge Water for the World commitment to contribute to making a difference to a global challenge. We believe such a pioneering partnership can really advance sustainability across the value chain.Lorenzo Delorenzi, Borealis Executive Vice-President

Update of Borstar® technology for polypropylene (PP)

New Borstar® technology takes Borealis' polypropylene (PP) to next level in terms of purity, processability and performance.

Launch of Borealis Social Fund

Borealis launches the Borealis Social Fund, dedicated to making a contribution to enhancing the welfare of the communities in which it operates. The fund promotes social projects in Europe, Asia and the Middle East.

Closure of HDPE plant in Beringen, Belgium

Closure of the high-density polyethylene (HDPE) plant in Beringen, Belgium, is announced.

Support in L'Aquila, Italy after earthquake - Acqua per L'Aquila

"Acqua per L'Aquila": Borealis and System Group - Centraltubi support the construction of temporary housing facilities in L'Aquila, Italy, after a devastating earthquake. Borealis also announces it will donate water pipes urgently needed for the construction of such facilities.

Inauguration of the international Innovation Headquarters in Linz, Austria

Our international Innovation Headquarters in Linz strengthens our leadership position as a strong partner in innovation, with comprehensive know-how in the development of value creating solutions.Mark Garrett, Borealis Chief Executive

Receipt of DuPont Safety Award

We are very proud to receive this DuPont safety award. It recognises that Borealis has successfully managed to transfer the principle 'safety is our first priority' to our new family member. We will carry on working according to the highest health, safety and environmental standards to further strengthen our position as industry leader.Ismo Pentti, Borealis Vice President Safety, Health and Environment

Inauguration of low-density polyethylene (LDPE) plant following major investment in Stenungsund, Sweden

Borealis inaugurates its newly-upgraded low-density polyethylene (LDPE) plant in Stenungsund, Sweden. Over EUR 400 million has been invested in these facilities in order to fulfil growing worldwide demand for innovative wire and cable products.

Start-up of Borouge 2

Borouge 2 starts up. The expansion triples Borouge's total manufacturing capacity to 2 million tonnes of polyethylene (PE) and polypropylene (PP) per year.

Appearance of Borealis, Borouge and Nova Chemicals together at joint event

First joint appearance for Borealis, Borouge and Nova Chemicals at the 2010 K Fair in Dusseldorf, Germany.

Investment in steam cracker plant in Stenungsund, Sweden

Borealis invests EUR 7.8 million to convert a naphtha cavern to butane use in its Stenungsund, Sweden, steam cracker plant. The largest of its kind in Europe, the new cavern will further optimise the plant's feed flexibility.

Extension of LINZER AGRO TRADE

LINZER AGRO TRADE extends its network with the opening of a new subsidiary in the Bulgarian capital of Sofia. The new sales office is part of the company's expansion programme into Southeast Europe.

Introduction of OPEX ("operational excellence") programme

The OPEX ("operational excellence") programme is introduced, improving working processes in order to proactively manage risks and change, and to enable employees to learn from incidents and share their knowledge and experience across the company. OPEX is set to improve leadership and technical skills throughout the company.

Launch of Winning through Excellence programme

The programme was launched as an umbrella programme supporting Borealis' improvement initiatives in its core innovation, operations and commercial areas. Along with projects focused on these specific areas, a number of cross-functional projects have also been initated to ensure optimal alignment. The programme also includes an over-arching "Behavioral Excellence" initiative which focuses on driving an overall mind set change within the organisation to ensure that the programme deliverables become fully embedded and sustained for the future.

Acquisition of PEC-Rhin S.A. from GPN

We are happy to welcome our new colleagues in Ottmarsheim to the Borealis Group. Pec-Rhin with its assets on the border between France and Germany on the Rhine river is certainly most complementary to our current fertilizer business, which is mainly focused on the Danube-region.Mark Garrett, Borealis Chief Executive

Launch of Borlink™

At the Wire Dusseldorf trade fair, Borealis and Borouge launch Borlink™, a step change innovation in the power and cable industry.

Receipt of Giulio Natta Award 2012

Peter Denifl has distinguished himself throughout his professional life by his high scientific capabilities.Alfred Stern, Borealis Senior Vice President for Innovation and Technology

Acquisition of DEXPlastomers in Geleen, The Netherlands

We are happy to welcome our new colleagues in Geleen to the Borealis Group and look forward to a successful integration. Both companies develop innovative solutions with added value for our customers; our products are complementary and will broaden our current product portfolio.Mark Garrett, Borealis Chief Executive

Inauguration of revolutionary Sirius catalyst plant in Linz, Austria

With today's inauguration of the new plant, we are not only strengthening our research expertise, but also our overall leadership role in the area of catalysts. We are positioning ourselves as a powerful partner in innovation in the development of high-quality product solutions.Mark Garrett, Borealis Chief Executive

Acquisition of GPN S.A. and majority of Rosier S.A.

These acquisitions are in line with our strategy to grow our fertilizer business, to keep our number 1 position in Central and Eastern Europe and to become a leading producer in EuropeMark Garrett, Borealis Chief Executive

Closure of outdated high-density polyethylene (HDPE) plants in Burghausen, Germany

Borealis announces it will cease production at its outdated high-density polyethylene (HDPE) plant in Burghausen, Germany, at the end of 2014, thus optimising and safeguarding the location as a polypropylene (PP) production site for the long run.

Borealis celebrates its 20th anniversary, marking the event with new positioning and a new slogan

"'Keep Discovering' encapsulates perfectly what we as a company already do well: pushing ourselves to new boundaries in order to create more value for Borealis partners and customers."Mark Garrett, Chief Executive

Step-change HVDC innovation

Introduced to industry partners at the 2014 Cigré Session in Paris, the new BorlinkTM grade supports extruded DC transmission at extra high voltages. High voltage direct current (HVDC) power transmission supports long-distance electricity transport without significant losses, providing higher efficiency and increased sustainability.

Launch of N-Pilot®

European roll-out of the N-Pilot®, an innovative new diagnostic tool to help optimise nitrogen fertilizer application, begins. As one of the leading fertilizer producers in Europe, Borealis continues to find innovative solutions to make agriculture more efficient and sustainable.

Borouge 3 start-up

Successful start-up of the world’s largest ethane cracker in June and commencement of operations at three polyolefin plants. This complex expansion project will result in a twofold increase in total production capacity to 4.5 million tonnes of polyolefins, making Borouge the largest integrated olefins/polyolefins complex in the world.