We are leader in premium solutions in a robust industry environment

​​As a leader in premium polyolefin solutions, our sales volume in the Consumer Solutions and Infrastructure segments totaled 2.5 million tons (59%) and 1.7 million tons (41%), respectively, in 2021 (excluding sales to the mobility and healthcare industries). During the same period, our polymer products were mainly sold across Asia (59%) and the Middle East and Africa (33%), with 9% sold to other international markets. With growing global demand expected to exceed supply from 2022 to 2026, we are well-positioned to meet demand and target the largest and fastest growing geographies.

Innovation, technology and direct access to target markets

​​Our shareholder Borealis’ proprietary technology enables our industry-leading innovation capabilities. For 20 years, we have leveraged our relationship with Borealis, including access to Borstar® technology, technical know-how, innovation capabilities, exchange of in-depth knowledge and best practices on commercial and operational excellence.

Borstar® technology allows for the production of tailored solutions to fulfil the specific needs of our customers. This supports our focus on premium price end-markets through a differentiated product offering. We have a team of approximately 100 research and development personnel, including scientists and researchers, and over 20% of our sales volume in 2021 was generated by products that were less than 5 years old.

​​Borouge owns and operates one of the world’s largest integrated polyolefin complexes in AL Ruways, UAE, with a diverse regional footprint of logistics hubs in the UAE and nine international locations. In addition, we operate warehouses and gateways across MENA, Europe, and Asia, which provide an extensive direct sales network covering approximately 85% of sales volumes.

Robust financial profile

​​The combination of our market-leading position, diversified global footprint, operational excellence and strong cost discipline has enabled us to enjoy strong operating profitability and cash flows.

​​We have achieved consistently high levels of profitability and cash flow generation, with revenue in H1 2022 of $3,460 million (vs. $2,972 million in H1 2021); a pro forma cash conversion ratio of 94%; and operating free cash flow of $1,428 million (vs. $1,352 million in H1 2021).

​​Our proforma adjusted EBITDA for H1 2022 was $1,486 million and our proforma adjusted EBITDA margin for the 6-month period was 50%.