Organization

Ensuring growth in a strong family of companies

OMV, the integrated energy, fuels & feedstock and chemicals & materials company headquartered in Vienna, Austria, owns 75% of Borealis, while the remaining 25% is owned by Abu Dhabi National Oil Company, or ADNOC, based in the United Arab Emirates (UAE). Services and products are supplied to customers around the globe through Borealis and two important joint ventures: Borouge (with ADNOC, headquartered in the UAE); and Baystar™ (with Total, based in the United States).

Borealis' Owners

1997A Sale Of Nestes 50 Share In Borealis C Omv

It is our purpose to re-invent 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. In 2024, the company generated revenues of 34 billion euros with a diverse and talented workforce of around 23,600 employees worldwide. OMV shares are traded on the Vienna Stock Exchange (OMV) and in the US on OTCQX (OMVKY, OMVJF). For more information, please visit www.omv.com.

Learn more about OMV
ADNOC Logo

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.

Learn more about ADNOC

Joint Ventures

2020 Baystar

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.

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.

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

  • Stefan Doboczky

    Stefan Doboczky

    Chief Executive Officer (CEO)

  • Daniel Turnheim

    Daniel Turnheim

    Chief Financial Officer (CFO)

  • Craig Arnold

    Craig Arnold

    Executive Vice President Polyolefins, Circular Economy Solutions and Base Chemicals

  • Wolfram Krenn

    Wolfram Krenn

    Executive Vice President Operations

  • Philippe Roodhooft

    Philippe Roodhooft

    Executive Vice President Joint Ventures