ADNOC and Borealis Consider Borouge Listing
ADNOC and Borealis will provide further material updates as and when appropriate.
4.85m barrels capacity of oil per day
11.5bcf of natural gas per day
Our 2030 Sustainability Strategy test
Our 2030 Sustainability Strategy test
We adopt a proactive and adaptive marketing model and are developing new trading capabilities to better meet the growing demand for oil, gas and refined products around the world.
We adopt a proactive and adaptive marketing model and are developing new trading capabilities to better meet the growing demand for oil, gas and refined products around the world.
We adopt a proactive and adaptive marketing model and are developing new trading capabilities to better meet the growing demand for oil, gas and refined products around the world.
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. To find out more, visit www.adnoc.ae
For media inquiries please contact:
Oliver Thompson
Manager, Financial Communications
media@adnoc.ae
Borealis is one of the world’s leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilizers and the mechanical recycling of plastics. We leverage our polymers expertise and decades of experience to offer value adding, innovative and circular material solutions for key industries. In re-inventing for more sustainable living, we build on our commitment to safety, our people and excellence as we accelerate the transformation to a circular economy and expand our geographical footprint.
With head offices in Vienna, Austria, Borealis employs 6,900 employees and operates in over 120 countries. In 2020, Borealis generated EUR 6.8 billion in sales revenue and a net profit of EUR 589 million. OMV, the Austria-based international oil and gas company, owns 75% of Borealis, while the remaining 25% is owned by a holding company of the Abu-Dhabi based Mubadala. We supply services and products to customers around the globe through Borealis and two important joint ventures: Borouge (with the Abu Dhabi National Oil Company, or ADNOC, based in UAE); and Baystar™ (with Total, based in the US).
www.borealisgroup.com | www.borealiseverminds.com
Borstar is a registered trademark of Borealis AG
Media Relations
Borealis: Virginia Wieser
Senior Manager, Corporate Communications, Brand & Reputation
Tel.: +43 1 22 400 772 (Vienna, Austria)
e-mail: virginia.wieser@borealisgroup.com
A joint venture between ADNOC and Borealis, Borouge is a leading petrochemicals company that provides innovative plastics solutions for the energy, infrastructure, mobility, packaging, healthcare and agriculture industries. Following the fourth world–scale expansion, Borouge will become the world's largest single-site polyolefin complex by 2025, with an overall production capacity of 6.4 million tonnes annually. www.borouge.com
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. To find out more, visit www.adnoc.ae
For media inquiries please contact:
Oliver Thompson
Manager, Financial Communications
media@adnoc.ae
Borealis is one of the world’s leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilizers and the mechanical recycling of plastics. We leverage our polymers expertise and decades of experience to offer value adding, innovative and circular material solutions for key industries. In re-inventing for more sustainable living, we build on our commitment to safety, our people and excellence as we accelerate the transformation to a circular economy and expand our geographical footprint.
With head offices in Vienna, Austria, Borealis employs 6,900 employees and operates in over 120 countries. In 2020, Borealis generated EUR 6.8 billion in sales revenue and a net profit of EUR 589 million. OMV, the Austria-based international oil and gas company, owns 75% of Borealis, while the remaining 25% is owned by a holding company of the Abu-Dhabi based Mubadala. We supply services and products to customers around the globe through Borealis and two important joint ventures: Borouge (with the Abu Dhabi National Oil Company, or ADNOC, based in UAE); and Baystar™ (with Total, based in the US).
www.borealisgroup.com | www.borealiseverminds.com
Borstar is a registered trademark of Borealis AG
Media Relations
Borealis: Virginia Wieser
Senior Manager, Corporate Communications, Brand & Reputation
Tel.: +43 1 22 400 772 (Vienna, Austria)
e-mail: virginia.wieser@borealisgroup.com
A joint venture between ADNOC and Borealis, Borouge is a leading petrochemicals company that provides innovative plastics solutions for the energy, infrastructure, mobility, packaging, healthcare and agriculture industries. Following the fourth world–scale expansion, Borouge will become the world's largest single-site polyolefin complex by 2025, with an overall production capacity of 6.4 million tonnes annually. www.borouge.com
ADNOC and the Emirati Talent Competitiveness Council (Nafis) have signed a strategic collaboration agreement to create 13,500 new private sector jobs for UAE Nationals in ADNOC’s supply chain by 2028. The agreement supports the UAE’s goal to create 100,000 private sector jobs for Emiratis over the next three years and will unlock high-skilled jobs in advanced sectors including artificial intelligence (AI), engineering and manufacturing.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has witnessed the signing of a strategic collaboration agreement between ADNOC and Mubadala Investment Company (Mubadala) to enhance levels of cooperation in UAE National talent development, empowering outstanding Emiratis to contribute to the nation’s continued sustainable development.
ADNOC today announced the deployment of RoboWell, AIQ’s pioneering artificial intelligence (AI) autonomous well-control solution, in its operations at the offshore NASR field. This world-first offshore deployment of RoboWell highlights how ADNOC is leveraging advanced technologies to drive efficiencies and ensure a secure, reliable and responsible supply of energy.