Borealis Partners with Burgenland Energie for Green Energy Transition

Borealis Partners with Burgenland Energie for Green Energy Transition

(IN BRIEF) Borealis, a leading provider of sustainable polyolefins solutions, and Burgenland Energie, Austria’s top wind and solar power producer, have signed their first power purchase agreement (PPA) to drive renewable energy usage. Commencing in January 2026, Burgenland Energie will supply 70 GWh per year of wind and solar energy to Borealis facilities in Austria, marking a significant step towards sustainable energy practices. This partnership underscores Borealis’ commitment to sourcing 100% renewable electricity for its operations by 2030 and is expected to reduce approximately 7,300 metric tons of annual Scope 2 emissions. Through this collaboration, both companies aim to contribute to Austria’s goal of achieving 100% renewable energy in its electricity system, showcasing a proactive approach to combating climate change and promoting sustainable innovation.

(PRESS RELEASE) VIENNA, 22-May-2024 — /EuropaWire/ — Borealis, one of the world’s leading providers of advanced and sustainable polyolefins solutions and a European front-runner in polyolefins recycling, and Burgenland Energie, the leading wind and solar power producer and green tech solution provider in Austria, have partnered up and signed their first power purchase agreement (PPA) in March 2024.

Under the ten-year agreement, renewable electricity will be provided by a hybrid renewable energy park located in Nickelsdorf, Austria, which is owned by Burgenland Energie’s subsidiaries Nick Alpha and Wind PV Operation. Burgenland Energie will begin supplying about 70 GWh per year of wind and solar energy to Borealis facilities in Schwechat, Austria, as of January 2026. This significant contribution equates to powering approximately 15,855 households annually, marking a substantial stride towards sustainable energy practices.

With the signing of this PPA, Burgenland Energie is proving its status as both a wind power pioneer and the largest producer of wind energy in Austria. At the same time, the company is advancing as a leader in solar energy by constructing wind and solar hybrid parks throughout the country. This aligns with the company’s ambitious vision to transform Burgenland into one of the world’s first climate-neutral and energy-independent regions through renewable sources. In doing so, Burgenland Energie aims to support Austria’s goal of achieving 100% renewable energy in its electricity system. Through this long-term partnership, Burgenland Energie solidifies its position as a provider of green tech solutions for companies seeking to decarbonize their operations.

Additionally, Borealis is securing 55% renewable electricity for its operations in Austria and, thus, making headway towards its goal of sourcing 100% of electricity for its Polyolefins and Base Chemicals business units from renewable sources by the end of the decade. The newly established PPA is expected to lead to a significant reduction of approximately 7,300 metric tons of annual Scope 2 emissions (indirect greenhouse gas emissions resulting from the purchase or acquisition of electricity, steam, heat, and cooling). Over the ten-year PPA period, this equals a decrease of 73,000 metric tons in Scope 2 emissions, showcasing the company’s commitment to environmental sustainability.

“We are extremely proud to announce the signing of this significant hybrid Power Purchase Agreement with Burgenland Energie. We, thereby, take another step towards our goal of sourcing all electricity for our operations from renewable sources by the end of 2030. This new partnership exemplifies our dedication to spearheading the energy transition as well as our commitment to our purpose of re-inventing essentials for sustainable living,” says Thomas Gangl, Borealis CEO.

“When discussing climate change and the steps we’re taking to combat it, it’s crucial to recognize that individuals and companies play pivotal roles in achieving our goals. The partnership between Borealis and Burgenland Energie exemplifies how collective efforts can drive significant change, demonstrating that preserving our planet while maintaining high levels of innovation and technology is indeed achievable. By harnessing wind and solar energy from Burgenland from our wind-solar-agriculture hybrid park, we power Borealis, a perfect synergy for the challenges we face. I take pride in our proactive approach to making a difference,” adds Stephan Sharma, Burgenland Energie CEO.

About Borealis
Borealis is one of the world’s leading providers of advanced and sustainable polyolefin solutions. In Europe, Borealis is also an innovative leader in polyolefins recycling and a major producer of base chemicals. We leverage our polymer expertise and decades of experience to offer value-adding, innovative and circular material solutions for key industries such as consumer products, energy, healthcare, infrastructure and mobility.

With customers in over 120 countries and head office in Vienna, Austria, Borealis employs around 6,000 people. In 2023, we generated a net profit of EUR 216 million. OMV, the integrated energy, fuels & feedstock and chemicals & materials company headquartered in Vienna, Austria, owns 75% of our shares. The Abu Dhabi National Oil Company (ADNOC), based in the United Arab Emirates (UAE), owns the remaining 25%.

In re-inventing essentials for sustainable living, we build on our commitment to safety, our people, innovation and technology, and performance excellence. We are accelerating the transformation to a circular economy of polyolefins and expanding our geographical footprint to better serve our customers around the globe. Our operations are augmented by two important joint ventures: Borouge (with ADNOC, headquartered in the UAE); and Baystar™ (with TotalEnergies, based in the US).
www.borealisgroup.com | www.borealiseverminds.com

About Burgenland Energie
The world is changing, and Burgenland Energie is doing its part to make it better. This requires courage, passion and, above all, a clear commitment: We create renewable energy – from wind and solar energy – for Burgenland, for Austria, for Europe. This is how we make Burgenland the first climate-neutral region in the world.

Media Contacts:

Borealis
Group Media Desk
+43 1 22 400 899
media@borealisgroup.com

Burgenland Energie
Mag. Jürgen Schwarz
+43 664/88210275
juergen.schwarz@burgenlandenergie.at

SOURCE: Borealis AG