Organisation

Ensuring growth in a strong family of companies

OMV, the international integrated oil, gas and chemicals company, owns 75% of Borealis, while the remaining 25% is owned by a holding company of the Abu Dhabi-based Mubadala. Services and products are supplied to customers around the globe through Borealis and two important joint ventures: Borouge (with the Abu Dhabi National Oil Company, or ADNOC, based in the United Arab Emirates); and Baystar™ (with Total, based in the United States).

Borealis' Owners

1997A Sale Of Nestes 50 Share In Borealis C Omv

With Group sales revenues of EUR 36 billion and a workforce of around 22,400 employees in 2021, OMV is amongst Austria’s largest listed industrial companies. OMV intends to transition from an integrated oil, gas, and chemicals company to become a leading provider of innovative and sustainable fuels, chemicals, and materials, while taking a leading global role in the circular economy. By switching over to a low-carbon business, OMV is striving to achieve net zero in all three Scopes by 2050 at the latest.

  • In Chemicals & Materials, OMV through its subsidiary Borealis, is one of the world’s leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilizers, and plastics recycling. Together with its two major joint ventures – Borouge (with ADNOC, in the UAE and Singapore) and Baystar™ (with TotalEnergies, in the USA) – Borealis supplies products and services to customers across the globe
  • In Refining & Marketing, OMV produces and markets fuels as well as feedstock for the chemical industry, operates three refineries in Europe, and holds a 15% stake in a refining joint venture in the UAE. OMV operates around 2,100 filling stations in ten European countries. In addition, the activities include Gas & Power Eastern Europe, where it also operates a gas-fired power plant in Romania.
  • In Exploration & Production, OMV explores and produces oil and gas in the four core regions of Central and Eastern Europe, Middle East and Africa, North Sea, and Asia-Pacific. Average daily production in 2021 included production from a joint venture in Russia and amounted to 486,000 boe/d with a focus on natural gas (~60%); as of March 1, 2022, Russian entities are no longer consolidated. Its activities include Gas Marketing Western Europe, where it also operates gas storage facilities in Austria and Germany.
Learn more about OMV
Mubadala

Mubadala is a pioneering global investor, deploying capital with integrity and ingenuity to accelerate economic growth for the long-term benefit of Abu Dhabi. As Abu Dhabi’s leading strategic investment company, Mubadala is active in 13 sectors and more than 30 countries around the world, creating lasting value for shareholders, the Government of Abu Dhabi.

  • Mubadala develops global industrial champions in sectors such as aerospace, information and communications technology (ICT), semiconductors, metals and mining as well as renewable energy, utilities, and the management of diverse financial holdings.
  • In oil and gas, Mubadala builds on legacy expertise to invest across the hydrocarbon spectrum, and enhance the UAE’s growth potential through investments in healthcare, real estate and defence services.
  • The Mubadala investment approach prioritises partnership with best-in-class organisations and a commitment to the highest standards of governance.


Learn more about Mubadala

Joint Ventures

Baystar™  Logo

Bayport Polymers LLC (Baystar™) is a joint venture 50% owned by Total Petrochemicals & Refining USA, Inc. (TPRI) and 50% owned by Borealis through Novealis Holdings LLC. Baystar combines Total’s expertise in operating major industrial platforms with the Borealis proprietary Borstar® technology to deliver a broad range of products to help meet the growing global demand for plastic products.

  • The joint venture includes an ethane-based steam cracker with a capacity of one million tons per year – a project initially developed by Total and currently under construction in Port Arthur, Texas.
  • The joint venture will also include a new 625,000 metric ton-per-year Borstar® polyethylene unit in Pasadena, Texas.
  • Baystar is currently building a one-million-tonne per year steam cracker in Port Arthur, Texas, USA. This undertaking will add more than one million tonnes of annual polyolefins production capacity and, most crucially, enable Borealis to supply locally manufactured Borstar products to its North American customers for the first time.
Learn more about Baystar™
Borouge

Borouge, listed on the Abu Dhabi Securities Exchange, is one of the world’s leading providers of innovative and differentiated polyolefin solutions for the energy, infrastructure, mobility, advanced packaging, healthcare, and agriculture industries. ADNOC owns a majority 54% stake and Borealis holds a 36% stake in Borouge.

  • Headquartered in Abu Dhabi, United Arab Emirates (UAE), with locations across the world, Borouge is a UAE industrial champion that employs more than 3,100 people, serving customers in 50 countries across the Middle East, Asia, and Africa.
  • Borouge’s growth journey has established it as one of the largest players in its markets, with more than a 10x increase in production capacity since 2001.

In 2021, ADNOC and Borealis announced the final investment decision for the Borouge 4 expansion. Borouge 4 will have an industry-leading focus on sustainability, leveraging the capabilities of both shareholders.

Learn more about Borouge
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Borealis Brasil S.A.

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 the Brazilian compounding business and assets of OPP Petroquimica S.A, a Brazilian petrochemicals company, and serves all industries from polyolefins in South America through different legal entities in Brazil, Colombia, Chile and Argentina.

Our Executive Board

Our Supervisory Board

  • Alfred Stern

    Alfred Stern

    Chairman of the Borealis Supervisory Board. Chairman of the Executive Board and CEO of OMV.

  • Saeed Al Mazrouei

    Saeed Al Mazrouei

    Vice Chairman of the Borealis Supervisory Board. Deputy Platform Chief Executive Officer, Direct Investments at Mubadala.

  • Reinhard Florey

    Reinhard Florey

    Borealis Supervisory Board member. Executive Board Member and CFO of OMV.

  • Martijn Arjen van Koten

    Martijn Arjen van Koten

    Borealis Supervisory Board member. Member of the Executive Board and Executive Officer Refining of OMV.

  • Alvin Teh

    Alvin Teh

    Borealis Supervisory Board member. Executive Director, Head of Consumer, Direct Investments at Mubadala.

  • Musabbeh Al Kaabi

    Musabbeh Al Kaabi

    Borealis Supervisory Board member. Chief Executive Officer of the UAE Investments platform at Mubadala.