Borealis celebrates its first 30 years

Borealis celebrates its first…

In March 2024, Borealis is commemorating its thirtieth year of operations. Born of a merger between Statoil and Neste, Borealis has expanded from its early Nordic roots to become one of the world’s top ten polyolefins players and driver of industry change. Its dedication to value creation through innovation has produced proprietary and transformative technologies which benefit society and accelerate the transition to a circular economy. The company is regularly ranked as Austria's top innovator in the European Patent Index and holds an extensive patent portfolio of around 8,900 granted patents. In Europe in particular, Borealis has for decades bolstered the industrial landscape by investing heavily in its capital assets, and by providing thousands of highly-skilled jobs in the communities in which it operates.

- On the occasion of our 30th birthday, we at Borealis are exceedingly proud of how we have built on our European heritage, along with our technological prowess, to become a global industry player - says Thomas Gangl, Borealis CEO. “Industry is the bedrock of societal prosperity. For three decades, Borealis has helped accelerate progress and raise living standards by creating value through innovation. As we drive the industry transformation to a circular economy of plastics, and continue to reinvent the essentials for sustainable living, we will keep investing in our people, assets, and our communities.

Thomas Gangl - Borealis CEO

A foundation of innovation: Borstar, Borcycle and beyond

Building on its proprietary technologies and more than 50 years of experience in polyolefins, Borealis supports key industries with plastic raw materials for a wide range of applications in the areas of consumer products, energy, healthcare, infrastructure, and mobility.

Borealis uses technological innovation to add value to polyolefin-based applications, ensure that production processes are made more resource efficient, and to accelerate plastics circularity. Borstar, the multi-modal proprietary technology for the manufacture of polyethylene (PE) and polypropylene (PP), has been a mainstay of Borealis success since the start-up of the first Borstar PE plant in Porvoo, Finland in 1995. Borstar has since been joined by other technology brands, like Borlink, the step-change innovation for the power cable industry; Borstar Nextension Technology, a breakthrough innovation that among other benefits facilitates the production of monomaterial applications designed for recycling; or the Borcycle M technology for mechanical recycling, which breathes new life into polyolefin-based, post-consumer waste, transforming it into high-quality applications with a lower carbon footprint.