Borealis and Aspiravi Forge Partnership for 120 GWh Annual Supply of Renewable Energy, Advancing Decarbonization Efforts in Belgium

Borealis and Aspiravi Forge Partnership for 120 GWh Annual Supply of Renewable Energy, Advancing Decarbonization Efforts in Belgium

(IN BRIEF) Borealis has signed a long-term power purchase agreement with Aspiravi to secure 120 GWh of renewable energy annually from Belgian wind farms. This partnership will significantly reduce Borealis’ Scope 2 emissions and supports the company’s goal of sourcing 100% of its electricity from renewable sources by 2030. The agreement strengthens local economic growth and contributes to both Borealis’ and Belgium’s sustainability ambitions.

(PRESS RELEASE) VIENNA/HARELBEKE, 21-Jan-2025 — /EuropaWire/ — Borealis, a leading provider of innovative and sustainable polyolefin solutions, has entered into a long-term power purchase agreement (PPA) with Aspiravi, one of Belgium’s top renewable energy producers. Under the agreement, Aspiravi will supply Borealis with 120 GWh of renewable energy per year, sourced from 20 onshore wind turbines across eight wind farms in Belgium, beginning in 2026. This renewable energy will power Borealis’ operations in Belgium, reducing its Scope 2 emissions by an estimated 54,100 metric tons of CO2 annually.

Wolfram Krenn, Executive Vice President of Base Chemicals and Operations at Borealis, expressed the company’s commitment to sustainability: “We are thrilled to partner with Aspiravi to ensure a reliable, local, and sustainable energy supply for our operations. By focusing on sourcing energy within Belgium, we are not only supporting sustainable development but also contributing to local economic growth. This agreement brings us closer to our goal of sourcing 100% of our electricity from renewable sources by 2030 and demonstrates our dedication to reinventing essential products for a more sustainable future.”

Bernard Steverlynck, CEO of Aspiravi Onshore, highlighted the significance of the partnership: “Aspiravi is proud to collaborate with Borealis in the transition to a low-carbon economy through this long-term agreement. As a pioneer in renewable energy in Belgium, we are excited to support Borealis in achieving its decarbonization goals and sustainability objectives. The energy for this project is entirely sourced and used within Belgium, making this partnership a strong contribution to both the Belgian energy sector and the climate goals of both Borealis and Belgium.”

This partnership marks a significant step in Borealis’ ongoing efforts to integrate sustainable energy solutions into its operations and is in line with its broader environmental and climate strategies.

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 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 Aspiravi Group
Aspiravi has been a Belgian pioneer in the energy transition for over twenty years, leading the way in the innovative renewable energy sector. Aspiravi Group operates 249 onshore wind turbines and 172 offshore wind turbines, with a total installed capacity of 1,720 MW. These installations produce renewable local energy equivalent to the average annual consumption of 1.93 million families. This green energy production helps avoid 2.37 million tons of CO₂ emissions annually.

Aspiravi is dedicated to driving sustainability through its renewable energy projects. Aspiravi develops, invests in, builds, and operates renewable energy projects, delivering green energy to the needs of energy-intensive industries and corporate clients. Its partners include Borealis, Google, MIVB/STIB, CABKA, d’Arta, and Decathlon.

Media Contacts:

Borealis:
Borealis Group Media Desk
Virginia Wieser, Lena Lehner, Karin Schober
Tel: +43 1 22 400 899 (Vienna, Austria)
E-mail: media@borealisgroup.com

Aspiravi Group:
Aspiravi nv
An Schaubroeck
Tel: +32 473 902 960 (Belgium)
E-mail: an.schaubroeck@aspiravi-holding.be

SOURCE: Borealis