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Borouge and Borealis sign Responsible Care® Global Charter

Borouge and Borealis, leading providers of innovative, value creating plastics solutions, signed the Responsible Care® Global Charter at the inaugural Gulf Petrochemicals and Chemicals Association (GPCA) Forum in Dubai, United Arab Emirates, on December 17, 2006. This joint action demonstrates an ongoing commitment to further their leadership position in health, safety and environmental (HSE) management, and advancing product stewardship and sustainable development.

This is the first time two leading companies in the Middle East and Europe are partnering to advance Responsible Care® in their respective businesses and to share best practices and approaches. Borouge is also the first company in the Gulf region committing to the Charter.

"The Charter principles and commitments are intrinsic to Borouge and Borealis' value creation through innovation strategy and our continuous drive for operational excellence," said John Taylor, Borealis CEO, speaking at the GPCA Forum. "It provides a comprehensive framework for us to continuously improve our environmental, health and safety performance. Additionally, the Responsible Care® Global Charter encourages companies to engage in dialogue with people to understand and address their concerns and expectations."

"Borouge is proud to be the first company in the Gulf region to be a signatory of the Responsible Care® Global Charter," adds Harri Bucht CEO Borouge. "We aim to be the leader in health, safety and environment and the signature of this Charter with Borealis provides further momentum in achieving this goal. Our marketing and production operations are fully committed to improving product stewardship and furthering our sustainable development initiatives."

The Responsible Care® Global Charter was launched by the International Council of Chemical Associations (ICCA) in Dubai, in the United Arab Emirates, in January 2006.

END

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Virginia Mesicek
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