Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers, has announced the donation of AED 1 million to the Emirates Red Crescent (ERC) to support refugee relief efforts in Lebanon, Jordan and Iraq. The donation is provided by way of the Borealis Social Fund, which was launched in 2008 and is dedicated to enhancing social welfare.
ERC has provided humanitarian support in times of peace and war since 1983, and has been a member of the International Federation of Red Cross and Red Crescent societies since 1986.
"We are grateful to organisations like the ERC for their unflagging efforts to alleviate the pain and suffering of thousands," says Mark Garrett, Borealis Chief Executive. "At Borealis, we believe it is part of our social and ethical responsibility to support organisations such as the ERC, and the Borealis Social Fund is the ideal vehicle through which to channel our support."
The Borealis Social Fund donation will contribute to ongoing ERC efforts to provide both immediate and long-term support for refugees. One of their principal ongoing activities involves immediate care to thousands of refugees in Iraq, Jordan and Lebanon in the form of food, medicine, tents and blankets.
The ERC has stepped up its efforts to provide relief to those fleeing the conflict in Yemen, and is offering its support to a new facility in Greece established to shelter Syrian refugees. Longer-term support comprises building homes, schools and clinics as well as sustained assistance to victims of war like widows and orphans.
"We extend our thanks to the Borealis Social Fund for their substantial support to boost the refugee relief programmes carried out by the Emirates Red Crescent," says H.E. Fahad Abdulrahman bin Sultan, Deputy Secretary General for International Aid , Emirates Red Crescent. "The support we receive from our partners and benefactors make it possible for ERC to provide shelter and comfort to the displaced in a quick and flexible manner."
Bin Sultan pointed out that ERC is committed to strengthen its partnerships with individuals and other local, regional and international organisations to offer as much solidarity and response as possible to the victims of conflicts and disasters and to the most vulnerable people, in addition to encourage the public to respond to their humanitarian circumstances. He noted that ERC is expanding its programmes and activities in the areas of conflicts thanks to the support it receives from donors and benefactors who stood behind what ERC has achieved on the humanitarian front. By way of its Borealis Social Fund, the company has provided regular support for a range of humanitarian and educational organisations in the UAE such as the Emirates National Schools, the UAE Disabled Sports Federation, the Zayed Higher Organisation for Humanitarian Care, the Family Development Foundation, and other select charities.
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Borealis is a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers. With headquarters in Vienna, Austria, the company currently has around 6,500 employees and operates in over 120 countries. Borealis generated EUR 7.7 billion in sales revenue and a net profit of EUR 988 million in 2015. The International Petroleum Investment Company (IPIC) of Abu Dhabi owns 64% of the company, the remaining 36% belonging to OMV, an international, integrated oil and gas company based in Vienna. Borealis provides services and products to customers around the world in collaboration with Borouge, a joint venture with the Abu Dhabi National Oil Company (ADNOC).
Building on its proprietary Borstar® and Borlink™ technologies and more than 50 years of experience in polyolefins, Borealis and Borouge support key industries with a wide range of applications in the areas of energy, automotive, pipes, consumer products, healthcare, and advanced packaging.
The Borouge 3 plant expansion will make Borouge the world's largest integrated polyolefins complex. Once fully ramped up in 2016, the additional 2.5 million tonnes of polyolefins capacity will yield a total Borouge capacity of 4.5 million tonnes, and a combined Borealis and Borouge capacity of 8 million tonnes.
Borealis offers a wide range of base chemicals, including melamine, phenol, acetone, ethylene, propylene, butadiene and pygas, servicing a wide range of industries. Borealis also creates real value for the agricultural industry, selling approximately 5 million tonnes of fertilizers. Technical nitrogen and melamine products complement the portfolio with applications ranging from mono-nitrogen oxide (NOx) abatement to glues and laminates in the wood working industry.
Borealis and Borouge aim to proactively benefit society by taking on real societal challenges and offering real solutions. Both companies are committed to the principles of Responsible Care®, an initiative to improve safety performance within the chemical industry, and work to solve the world's water and sanitation challenges through product innovation and their Water for the World™ programme.
Borstar is a registered trademark of the Borealis Group.
Borlink and Water for the World are trademarks of the Borealis Group.