New member and chairman of Borealis Supervisory Board

Borealis announces the appointment of His Excellency Suhail Al Mazrouei, Managing Director of International Petroleum Investment Company (IPIC) to its Supervisory Board and  the position of Chairman of the Supervisory Board.

Suhail Al Mazrouei replaces H.E. Khadem Al Qubaisi who recently resigned from IPIC’s Board of Directors. Among other leadership roles, Suhail Al Mazrouei is also Energy Minister of the United Arab Emirates (UAE) and the Chairman of several other UAE and international companies.

“Borealis has proven to be a very good investment for IPIC. The company has successfully managed an impressive transformation from a European polyolefins company with a small Joint Venture in Abu Dhabi to a global company with three profit centres: Polyolefins, Base Chemicals and Borouge,” Suhail Al Mazrouei commented. He added that Borealis’ future growth options are well in line with IPIC strategy to invest in the energy and related sectors across the globe.

His Excellency Suhail Al Mazrouei

Building on its proprietary Borstar and Borlink technologies and 50 years of experience in polyolefins, Borealis and Borouge support key industries including infrastructure, automotive and advanced packaging. Borealis offers a wide range of base chemicals, including melamine, phenol, acetone, ethylene, propylene, butadiene and pygas, servicing a wide range of industries.

The Borouge 3 plant expansion in Abu Dhabi will be fully operational in 2015. Borouge 3 will deliver an additional 2.5 million tons of capacity when fully ramped up, bringing the total Borouge capacity to 4.5 million tons. Borealis and Borouge will then have approximately 8 million tons of polyolefin capacity.