OMV, the international, integrated oil, gas and chemicals 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).
OMV produces and markets oil and gas, as well as chemical products and solutions in a responsible way and develops innovative solutions for a circular economy. With Group sales revenues of EUR 17 bn and a workforce of around 25,000 employees in 2020 (incl. Borealis), OMV is one of Austria’s largest listed industrial companies.
In Exploration & Production, OMV has a strong base in Central and Eastern Europe as well as a balanced international portfolio, with Middle East & Africa, the North Sea, Russia and Asia-Pacific as core regions.
In Refining & Marketing, OMV operates three refineries in Europe and owns a 15% share in ADNOC Refining and ADNOC Global Trading, with a total processing capacity of more than 500,000 bbl/d.
In Chemicals & Materials, OMV, together with 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.
Mubadala is a pioneering global investor, deploying capital with integrity and ingenuity to accelerate economic growth for the long-term benefit of Abu Dhabi. As Abu Dhabi’s leading strategic investment company, Mubadala is active in 13 sectors and more than 30 countries around the world, creating lasting value for our shareholder, the Government of Abu Dhabi.
Our work includes the development of global industrial champions in sectors such as aerospace, ICT, semiconductors, metals & mining and renewable energy, utilities, and the management of diverse financial holdings.
We build on legacy expertise in oil and gas to invest across the hydrocarbon spectrum, and enhance the UAE’s growth potential through investments in healthcare, real estate and defense services.
Our investment approach prioritizes partnership with best-in-class organizations and a commitment to the highest standards of governance.
Bayport Polymers LLC (Baystar™) is a joint venture 50% owned by Total Petrochemicals & Refining USA, Inc. (TPRI) and 50% owned by Borealis through Novealis Holdings LLC. Baystar combines Total’s expertise in operating major industrial platforms with the Borealis proprietary Borstar® technology to deliver a broad range of products to help meet the growing global demand for plastic products.
The joint venture includes an ethane-based steam cracker with a capacity of 1 million tons per year – a project initially developed by Total and currently under construction in Port Arthur, Texas.
The joint venture will also include a new 625,000 metric ton-per-year Borstar® polyethylene unit in Pasadena, Texas.
Through Borouge, Borealis' footprint reaches out to the Middle East, Asia Pacific, the Indian sub-continent and Africa. Borouge, a leading provider of innovative, value creating plastics solutions, is a joint venture between the Abu Dhabi National Oil Company (ADNOC), one of the world's major oil and gas companies, and Borealis. With its base in the United Arab Emirates and its Marketing & Sales head office in Singapore, Borouge employs about 3,500 people with over 40 nationalities, serving customers in 50 countries.
In line with its long-term growth strategy, Borealis has opened the first joint sales office together with Borouge in Morocco.
The new Borouge Innovation Centre in Abu Dhabi, UAE, was inaugurated in November 2015. In cooperation with the Borealis Innovation Centres in Europe, pioneering solutions in the areas of infrastructure, automotive, and advanced packaging will continue to be developed in the spirit of Value Creation through Innovation.
Borealis Brasil S.A. is a joint venture of Borealis (80%) and the Brazilian company Braskem (20%). The joint venture, formed in 1999, has taken over OPP's compounding business and assets in Brazil, and serves all industries from polyolefins in South America through different legal entities in Brazil, Colombia, Chile and soon in Argentina.