VIENNA, 12-11-2014 — /EuropaWire/ — Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers, has announced it will present AED 1.5 million to support the UAE Disabled Sports Federation to raise awareness about the needs of the disabled. As in previous years, this amount has been made possible by the Borealis Social Fund which was launched in 2008 and whose aim is to contribute to the social welfare of the communities in which Borealis operates.
“A healthy environment and stable society are the prerequisites for developing a successful business,” says Mark Garrett, Borealis Chief Executive. “Borealis is committed to giving something back in the locations where we operate. Our support to the UAE Disabled Sports Federation will help raise public awareness about the special needs of the disabled and facilitate their active integration into society.”
“We very much appreciate the social tradition Borealis has established in supporting the educational and social work in the UAE community,” comments H.E. Mohammed M. Fadhel Al Hameli, Deputy Chairman, Secretary-General of the Zayed Higher Organisation for Humanitarian Care and Special Needs and Chairman of the UAE Disabled Sports Federation. “Together, we are helping people with special needs to continue their journey of excellence, armed with their strong will and motivation to achieve success in winning local, regional and international championships.”
Borealis is a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers. This year, Borealis already celebrates its 20th anniversary. With headquarters in Vienna, Austria, Borealis currently employs around 6,400 and operates in over 120 countries. It generated EUR 8.1 billion in sales revenue in 2013. The International Petroleum Investment Company (IPIC) of Abu Dhabi owns 64% of the company, with the remaining 36% owned by OMV, the leading energy group in the European growth belt. Borealis provides services and products to customers around the world in collaboration with Borouge, a joint venture with the Abu Dhabi National Oil Company (ADNOC).
Building on its proprietary Borstar® and Borlink™ technologies and 50 years of experience in polyolefins, Borealis and Borouge support key industries including infrastructure, automotive and advanced packaging.
The Borouge 3 plant expansion in Abu Dhabi will be fully operational in 2014. Borouge 3 will deliver an additional 2.5 million tonnes of capacity when fully ramped up, bringing the total Borouge capacity to 4.5 million tonnes. Borealis and Borouge will then have approximately 8 million tonnes of polyolefin capacity.
Borealis offers a wide range of base chemicals, including melamine, phenol, acetone, ethylene, propylene, butadiene and pygas, servicing a wide range of industries. Together with Borouge the two companies will produce approximately 6 million tonnes of Base Chemicals in 2014.
Borealis also creates real value for the agricultural industry with a large portfolio of fertilizers. The company distributes approximately 2.1 million tonnes per year. This volume will increase to more than 5 million tonnes by the end of 2014.
Borealis and Borouge aim to proactively benefit society by taking on real societal challenges and offering real solutions. Both companies are committed to the principles of Responsible Care®, an initiative to improve safety performance within the chemical industry, and contribute to solve the world’s water and sanitation challenges through product innovation and their Water for the World™ programme.
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Borstar is a registered trademark of the Borealis Group.
Borlink and Water for the World are trademarks of the Borealis Group.
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