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Borealis’ projects in 2011 watermarked for success

8. June 2011

Prospering plastic producer Borealis AG is on a roll. 2011 could well be Borealis’ year. After supporting 2 environmental research projects- particularly water sustainability initiatives, across the UAE. Borealis has also announced that the construction of a centre for innovation in Abu Dhabi will be completed by the end of this year. The Austrian Trade commission is delighted and gives you an insight into the projects.

Borealis, a leading provider of chemical and innovative plastics solutions, announced that the AED 500,000 contribution made to the Emirates Foundation for Philanthropy in November 2010 will be used to support two environmental research projects- particularly water sustainability initiatives, across the UAE. The two researches will be conducted by Dr. Ahmed Murad on “Innovative Isotopic Approach to Groundwater Regions in the UAE”, and by Dr. Mohamed Mostafa about the “Groundwater Rise in Al-Ain: A Threat of Blessing?.”

Through their global ”Water for the World™” initiative, Borealis, together with Borouge, a leading provider of innovative, value creating plastics solutions based in the United Arab Emirates, supports understanding and knowledge related to the sustainable use of water and sanitation. These researches play a vital role within the UAE where the sustainable availability of safe and clean drinking water is a major challenge for the future.

“The contribution made by Borealis to the Emirates Foundation is in line with our corporate social responsibility and is part of our Water for the World portfolio of activities,” said Mark Garrett, Chief Executive of Borealis. “Aiming to enhance our investments in the advancement and growth of the UAE economy and its people, we partnered with the Emirates Foundation due to its leading role in supporting the social and environmental improvements in the country.”

“We believe that Borealis’ appreciative donation to the Foundation will help in understanding the current groundwater condition in the country and thus will contribute to innovative options in addressing the water challenges,” says Dr. Lamya Faisal, Head, Environmental Development Programme at the Emirates Foundation for Philanthropy.

Prospering plastic producer Borealis AG has also said that the construction of a centre for innovation in Abu Dhabi should be completed soon.
The Vienna-based company – which also runs factories in Austria and Sweden among other countries, also announced recently that the facility in the capital of the United Arab Emirates (UAE) will be operating by the end of this year.

Growth chart of Borealis

• Borealis achieved a turnover of 1.86 billion Euros in the first three months of this year, up by 31 per cent compared to the same time span of 2010.
• Its net profit soared from 54 million to 174 million Euros.

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