2023

Introduction

Reviewing 2023

Reviewing 2023

Milestones 2023

• “B-Safe” program puts safety first as it is rolled out across the entire Group.
• Nitrogen business unit divested to AGROFERT as of July, and Rosier to YILDIRIM in January.
• Start-up of new Borstar® 3G polyethylene plant Bay 3 as part of the Baystar™ joint venture with TotalEnergies in Texas.
• Annual production capacity of circular products and solutions to be boosted by acquisition of Rialti S.p.A. (finalized), Integra Plastics AD (in progress) and by an increase in the Group’s share in Renasci N.V. to 98.56%.
• ISCC PLUS certification for all Europe-based polyolefins and polyolefin compounding facilities as well as recycling operations in Belgium (Renasci), Austria (Ecoplast) and Germany (mtm).
• Two new power purchase agreements put Borealis over the 40% mark of use of renewable electricity to power European operations, two years earlier than foreseen by the Borealis Strategy 2030.
• Strategic launches based on renewably sourced feedstock, including Stelora™, the new class of engineering polymer suitable for technically advanced applications; and the Bornewables™ line of Queo™ portfolio of circular plastomers and elastomers.
• Completion of major cracker furnace upgrade in Stenungsund, Sweden enhances energy efficiency and process safety standards of this feedstock-flexible cracker.
• Borealis cements innovation leadership as top-ranked Austrian company in patent applications.
• Project STOP inaugurates the largest material recovery facility to date in Banyuwangi, and hands over another two projects to local municipalities Pasuruan and Jembrana, Indonesia.
• Borealis named #1 plastics producer in BloombergNEF’s 2022 Circular Economy ranking, reflecting its leadership in developing more sustainable packaging, thus accelerating circularity.