ADX: BOROUGE

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​Value creation through people and innovation​

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Building o​​​n the advanced, unique and proprietary technologies of Borstar® and Borlink™ from Borealis , Borouge provides value-creating polymer solutions for the agriculture, infrastructure, energy, advanced ​packaging, mobility and healthcare industries – employing more than 3,100 people and serving customers in over 50 countries across Asia​​, the Middle East and Africa.

Committed to providing creative solutions for a wide range of industries and customers​​ around the world, in an effective and environmentally sound manner, Borouge employs Borealis’ most advanced proprietary technologies and contributes to addressing global challenges such as climate change, food waste and scarcity, access to fresh water, energy transition, healthcare support and waste management.

We operate one of the world’s largest integrated polyolefin complexes in Al Ruwais Industrial City, UAE, and have a diverse regional footprint of logistics hubs, warehouses and gateways across the MENA region, Europe, and Asia, as well as a Compounding Manufacturing Plant (“CMP”) in Shanghai.

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Our Values

At Borouge, we are one family working ​together to make Borouge a grea​t place for us and generations to come, through living and breathing our five values of progressive, collaborative, responsible, respectful and efficient​​​.​​​​

Our Story

Founde​d in 1998 through a strategic partnership between ADNOC and Borealis, Borouge was formed to build and operate a petrochemical complex in Al Ruwais Industrial City​, United Arab Emirates, with a sales and marketing business in Singapore.

Borouge, listed on the Abu Dhabi Securities Exchange (ADX symbol “BOROUGE” / ISIN “AEE01072B225”), is a leading petrochemical company that provides innovative and differentiated polyolefin solutions for the energy, infrastructure, mobility, advanced packaging, healthcare and agriculture industries. ADNOC owns a majority 54% stake and Borealis holds a 36% stake in Borouge.

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Abu Dhabi National Oil Company (“ADNOC”) is one of the largest integrated energy companies globally that operates across the hydrocarbon value chain, and manages approximately 95% of the UAE’s total oil and gas reserves.

Borealis is one of the world’s leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals, polyolefins and the mechanical recycling of plastics. The company is headquartered in Vienna, Austria.

Public Shareholders / Free Float

Our Journey

We have increased our production capacity by 10x from 2001 to Q1 2022 to reach 5 million tonnes per year, with all expansion projects completed on time and on budget. We operate a young and well-maintained asset base with limited maintenance capital expenditure levels, which further enhances our production capacity.

 
 
 

1998

  • Borouge is established in Abu Dhabi and Singapore

2001

  • Polyolefin production commences in Abu Dhabi with 450,000 t/y

2005

  • Polyolefins production in Abu Dhabi expanded to 600,000 t/y

2006

  • Borouge Borouge signs the Responsible Care® RC Global Charter
  • Borouge co-founds the Gulf Petrochemicals and Chemicals Association

2007

  • Launch of the ‘Water for the World’ initiative with Borealis

2010

  • Compounding Manufacturing Plant in Shanghai starts producing 50,000 t/y
  • Polyolefin production in AbuDhabiexpands to 2 million t/y

2013

  • Borouge achieves RC 14001 certification

2014

  • ​Polyolefins  production expands to  Abu Dhabi expanded to 4.5 million t/y

2015

  • Innovation Centre inauguration in Abu Dhabi
  • Increasedproduction capacity of Compounding Manufacturing Plant inShanghaito 90,000 t/y

2016

  • Borouge achieves OHSAS 18001 certification
  • XLPE production commences in Abu Dhabi
  • Winning the Gold category of the Sheikh Khalifa Excellence Award (SKEA)

2017

  • Anteo™ globally launched with Borealis
  • Borouge 4 pre-FEED initiated

2018

  • Celebrating the groundbreaking of PP5 unit in Al Ruwais Industrial City to grow polypropylene capacity to 2.24 million t/y

2019

  • Winning the gold category of the Sheikh Khalifa Excellence Award (SKEA) for the second time
  • Initiation of FEED stage for Borouge 4

2020

  • Establishing new marketing company in Egypt
  • Producing a special polypropylene grade to make face masks

2021

  • Received shareholders’ approval to proceed with the final investment decision for Borouge4and commences start up of PP5
  • Borouge officially adds recyclates to its portfolio
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Borouge 2030 Strategy

In 2020, we refreshed our Borouge 2030 Strategy to proactively steer our business ambitions in response to the changing business environment over the last years. The refresh remains centred on the three main ​​​​them​es in our journey, Excellence, Identity and Growth, to achieve our longterm vision.​​​​​​​​​

Our 2030 Strategy focuses on three main themes:

Growth

Excellence

Identity

Our Operations

Borouge started production in 2001 with 450,000 tonnes per year and in 2010 Borouge tripled its annual production capacity to 2 million tonnes. In 2015 Borouge increased its annual capacity to 4.5 million tonnes, increasing it to 5 million tonnes in 2022. The company is planning to achieve 6.4 million tonnes by 2025, a 14-fold increase in overall capacity since its first production.

Borouge is expanding its commercial and logistics network in the Middle East and Asia. Focused on our company’s mission ’value creation through people and innovation’, we ensure we play a vital role in supporting the industry by developing creative solutions that bring value to polymer manufacturers, convertors and end-users.

Our annual manufacturing capacity of Al Ruwais Industrial City (tonnes)

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Global Presence

Our coordinated global sales and marketing organisation is supported by strong distribution and logistics capabilities, allowing us to reach customers around the world while seeking to maximise returns. We are concentrating our expansion on growth markets, a global approach that is enabled by our production complex in the Middle East and our marketing, sales and delivery platform centralised in Singapore. This differentiates us from competitors focused only on Asia or the Americas.

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Commited to Sustainability

We are committed to our purpose of cultivating a sustainable world. We have therefore aligned our strategic priorities to create sustainable value for all our stakeholders — our customers, our employees, our communities, and our shareholders —​ and to support a greener future for the world.

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Our Sustainability Strategy focuses​ on four key priorities​

Ensuring the sustainability of our operations and supply chain

Advancing the development of sustainable plastics solutions and promoting a circular economy

Increasing the positive social impact in the communities where we operate in

Cultivating a sustainability performance culture across the organisation

Leadership

The Executive Leadership team is responsible for overseeing Borouge’s operational and business development activities.

Leadership

Hazeem Sultan Al Suwaidi

Chief Executive Officer

CEO

Read Biography
Leadership

Rainer Hoefling

Chief Marketing Officer

CMO

Read Biography
Leadership

Jan-Martin Nufer

Chief Financial Officer

CFO

Read Biography
Leadership

Dr. Hasan Karam

Chief Operating Officer

COO

Read Biography
Leadership

Hazeem Sultan Al Suwaidi

Chief Executive Officer

CEO Borouge ADP

Leadership

​Rainer Hoefling

Chief Executive Officer

CEO Borouge Pte

Leadership

Khalfan Al Muhairi

Senior Vice President

Middle East, Africa and Export

Leadership

Eddie Wang

Senior Vice President

Asia South

Leadership

Youssef Taha

Senior Vice President

Marketing & Innovation

Leadership

Jianwei Dong

Senior Vice President

Asia North

Leadership

Ahmed Alkatheeri

Senior Vice President

Supply Chain Management

Leadership

Sultan AlShehhi

Senior Vice President

Projects & Technical Support

Leadership

Obaid Al Yalyali

Senior Vice President

Shared Services

Leadership

Maitha Al Marashi

Acting Senior Vice President

Corporate Affairs

Leadership

Khaled Ahmed Qaderi

Vice President

Health, Safety and Environment

Leadership

Ghalib Al Afifi

Vice President

Strategy & Excellence

Leadership

Khaloud Al Ameri

Vice President

Audit and Assurance ​

Leadership

Asmaa Al Kindi

Vice President

Human Capital & Adminstration

Leadership

Benita Yau

Vice President

Centre of Excellence

Leadership

Dr. Tarmo Raudsepp

Vice President

Business Optimisation

Leadership

Rehab Ateeq

Vice President

Global Communications

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