Today, Borouge is one of the world’s leading suppliers of innovative and diversified high-value polymer solutions.
It is for various sectors including agriculture, construction and civil engineering, energy, advanced packaging, transportation and health.
ADNOC’s flagship project
Borouge, headquartered in the United Arab Emirates and Singapore, was established in 1998 as a joint venture between the Abu Dhabi National Oil Company (ADNOC) and the Austrian company Borealis.
Borouge consists of two separate companies:
Abu Dhabi Polymers Company Limited (Borouge), headquartered in Abu Dhabi in the United Arab Emirates, in which ADNOC holds a 60% stake and Borealis 40%, and operates in the field of petrochemical production.
Borouge Private Limited, based in Singapore, in which Borealis holds a 50% stake and ADNOC 50%. The company is responsible for the marketing and sales of Borouge products, supported by sales offices in ten strategic locations and sales agents in ten other locations.
The main products produced
The company’s 3,100 employees represent more than 50 different nationalities and serve customers in more than 50 countries in the Middle East, Asia-Pacific, the Indian subcontinent and Africa.
UAE company Borouge, a subsidiary of the Abu Dhabi National Oil Company ADNOC, spans several sectors, including agriculture, construction and civil engineering, energy, advanced packaging, transportation and health.
Its product portfolio also includes polyethylene and polypropylene, two of the polymers most commonly used in industrial applications, such as sustainable packaging, tubes and fittings, lines, automobiles and medical devices.
Borouge’s polymer solutions are classified into two main sections: polymer solutions for consumers, and polymer solutions for infrastructure facilities.
Consumer solutions include sustainable packaging, medical containers and greenhouse covers, while infrastructure solutions include water and gas pipelines and power transmission lines.
Offer 10% for subscription in the Abu Dhabi market
By offering a 10% minority stake in Borouge to the public on the Abu Dhabi Securities Exchange, ADNOC provides an exceptional opportunity for investors to participate in the growth story of a pioneering company that will play a crucial role in achieving sustainable growth for the Emirate of Abu Dhabi in particular and the UAE in general.
On this occasion, Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, Managing Director and CEO of ADNOC and his group of companies, said: “In line with the guidelines of the wise leadership, ADNOC continues its efforts to support growth and diversification of the economy and the development of capital markets. In the UAE, we announce today the intention of ADNOC and our strategic partner, Borealis, to offer a minority stake in Borouge, our petrochemical joint venture, on the Abu Dhabi shares. This step follows the successful listing of ADNOC Drilling and Vertiglobe joins Borouge in the local capital markets as a leading UAE-based company competing aggressively in global markets by providing innovative polymer solutions to the industrial, infrastructure and consumer sectors. ”
He continued, “The listing on Borouge shares will be available to citizens and residents of the UAE, in addition to international and local investment institutions.”
He added, “Through the launch of Borouge and our recently announced investment of 25% of Borealis’s shares, ADNOC is poised to take advantage of the increase in demand for the petrochemical sector in the coming decades, led by the industry and consumer.It is considered The fourth presentation of one of ADNOC’s subsidiaries to the market, in a new step in our strategy to create value and achieve smart growth, as “ADNOC” continues its efforts to maximize potential value from its integrated assets in the areas of exploration, development, production, refining, marketing and manufacturing, to contribute to the promotion of economic and social growth. sustainable development for the benefit of the UAE and Abu Dhabi. ”
A “Quality and Competitive” Strategic Growth Plan
The main axis of Borouge’s strategic growth plan includes achieving continuous growth in its product portfolio through innovation, sustainable solutions, product development, strategic market access and geographical expansion. The company will also focus on providing its diverse range of products and innovative industrial solutions to the final markets that offer excellent prices, and take advantage of Borstar technology, which has enabled Borouge to design special solutions that meet the requirements of its customers and contributes significantly. to facilitate daily life.
Borouge will also benefit from ADNOC’s recently announced successful investment in Borealis, which will contribute to strengthening their long-term partnership and implementing the objectives of ADNOC’s refining, expansion and petrochemical and industrial operations program. accelerate. ADNOC plans to take advantage of growth opportunities in the chemical and petrochemical sector, by relying on its world-class refining and petrochemical facilities in the Ruwais Industrial City in Abu Dhabi. Improvement system.
Borouge, through its subsidiaries, operates one of the largest integrated poliolefin complexes in the Ruwais area. The company also has logistics centers in various locations in the region, in addition to warehousing and export terminals in the Middle East, North Africa, Europe and Asia, in addition to a polymer composite manufacturing unit in Shanghai, in which the resins are produced. was installed in the Ruwais factory, and is used in many Industries, including the automotive industry in Asia and other industrial areas such as medical devices, healthcare supplies and sterilization.
With more than 3,100 employees, Borouge supplies its products to customers in more than 50 countries in Asia, the Middle East and Africa.
The details of the presentation regarding individual subscribers will be published in an Arabic-language prospectus “the prospectus for the public presentation in the United Arab Emirates” and “announcement of the public presentation”, and the “international presentation memorandum” will be published in English for qualifying investors. The “IPO prospectus for the public offering in the United Arab Emirates” and the “IPO announcement” are expected to be published today, while the “International Offer Memorandum” is expected to be published during the scheduled time.