Company Overview of Borealis AG
Borealis AG provides chemical and plastics solutions for the infrastructure, automotive, and packaging markets worldwide. It operates in Polyolefins and Base Chemicals segments. The Polyolefins segment offers polyolefin compounds for the wire and cable industry for use in low, medium, high, and extra high voltage energy transmission and distribution cables; data and communication cables; and building and automotive wires and cable products. It also provides materials for polyolefin pipe systems used in water and gas distribution, waste water and sewage disposal, rainwater management, chemical and industrial pipelines, and in-house plumbing and heating, as well as pipe coating solutions for o...
Wagramer Strasse 17-19
Founded in 1994
Key Executives for Borealis AG
Chairman of Executive Board and Chief Executive Officer
Chief Financial Officer and Member of Executive Board
Executive Vice President of Operations and Member of Executive Board
Executive Vice President of Base Chemicals and Member of Executive Board
Executive Vice President of Polyolefins & Innovation & Technology and Member of Executive Board
Compensation as of Fiscal Year 2015.
Borealis AG Key Developments
Suhail Al Mazrouei Names as Chairman of Borealis' Supervisory Board
Jun 17 15
Borealis announced the appointment of Suhail Al Mazrouei, Minister of energy and managing director of the International Petroleum Investment Company (IPIC), as chairman of the Supervisory Board. Al Mazrouei replaces Khadem Al Qubaisi who recently resigned from IPIC's board of directors.
Borealis IPO Possible As Co-owner IPIC Gets New CEO
Jun 16 15
OMV Aktiengesellschaft (WBAG:OMV)'s outgoing Chief Executive Officer, Gerhard Roiss said that Borealis AG might launch an initial public offering under the new management of co-owner International Petroleum Investment Company PJSC.
Borealis Signs Preliminary Agreement with Agrifos Partners to Jointly Develop an Ammonia Plant Along the Texas Gulf Coast, US
May 22 15
Borealis has signed a preliminary agreement with Agrifos Partners to jointly develop an ammonia plant along the Texas Gulf Coast, US. Planned to be built on an existing chemical site, the ammonia project will be managed through Gulf Coast Ammonia (GCA), a company formed by Agrifos Partners. GCA is in talks with strategic site owners, and intends to finalize a location in the coming months. The complex is planned to be completed and for operations to commence in early 2019. It will use hydrogen and nitrogen as feedstock. The complex will have the advantage of existing infrastructure and logistics capabilities to supply products to various long-term off-takers and customers. Subject to certain approvals, the final agreement could offer Borealis a significant stake in the project, as well as a long-term off-take deal for around 40% of ammonia from the plant.
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