Organization

At OMV, we are re-inventing essentials for sustainable living. OMV is transitioning to become an integrated sustainable chemicals, fuels, and energy company with a focus on circular economy solutions. By gradually switching over to the low-carbon business, OMV is striving to achieve net zero by 2050 at the latest. OMV shares are traded on the Vienna Stock Exchange (OMV) and in the US as American Depository Receipts (OMVKY).

ADNOC is a leading diversified energy and petrochemicals group wholly owned by the Emirate of Abu Dhabi. ADNOC’s objective is to maximize the value of the Emirate’s vast hydrocarbon reserves through responsible and sustainable exploration and production to support the United Arab Emirates’ economic growth and diversification.

Bayport Polymers LLC (Baystar™) is a 50/50 joint venture owned by TotalEnergies and Borealis based in Texas, US. Baystar combines TotalEnergies’ expertise in operating major industrial platforms with the Borealis proprietary Borstar® technology to deliver a broad range of products helping meet the growing global demand for plastic products.

The JV’s one million ton-per-year ethane cracker at Port Arthur is operated by TotalEnergies and supplies ethylene to Baystar's Pasadena production facilities, including Bay 1 and Bay 2 polyethylene (PE) units (400 kt/y PE capacity) as well as their new Bay 3 Borstar® 3G technology PE unit (625 kt/y PE capacity). Bay 3 enables Borealis to supply locally manufactured Borstar products to its North American customers for the first time.

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.

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.