Borealis appoints John Webster as Director of the Business Unit Melamine

Borealis, a leading provider of chemical and innovative plastics solutions, announces the appointment of John Webster as Director of the Business Unit Melamine as of July 1, 2011. John Webster will take over this new responsibility in addition to his position as Director for the Borealis Phenol business. He succeeds Rainer Höfling, who was appointed Vice President for the Business Unit Moulding, also effective July 1, 2011.

John Webster brings with him 20 years of experience within Borealis. Before taking over the Business Unit Phenol in September 2007, he held several international management positions in Marketing and Sales for both Borealis and Borouge, a joint venture between Borealis and the Abu Dhabi National Oil Company. John Webster studied Polymer Science and Technology at the Manchester Metropolitan University and holds an Executive MBA from the Manchester Business School.

“With his wealth of experience from many commercial and managerial roles in our group across diverse geographies, John brings with him the necessary credentials and experience to guide and lead the two businesses in the Base Chemicals portfolio into the next phase,” says Markku Korvenranta, Borealis Executive Vice President, Base Chemicals. “We wish him all the best for his next career step!”

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About Borealis

Borealis is a leading provider of chemical and innovative plastics solutions that create value for society. With sales of EUR 6.3 billion in 2010, customers in over 120 countries, and 5,100 employees worldwide, Borealis is owned 64% by the International Petroleum Investment Company (IPIC) of Abu Dhabi and 36% by OMV, the leading energy group in the European growth belt. Borealis is headquartered in Vienna, Austria, and has production locations, innovation centres and customer service centres across Europe and the Americas.

Through Borouge, a joint venture between Borealis and the Abu Dhabi National Oil Company (ADNOC), one of the world’s major oil companies, the company’s footprint reaches out to the Middle East, Asia Pacific, the Indian sub-continent and Africa. Established in 1998, Borouge employs approximately 1,600 people, has customers in more than 50 countries and its headquarters are in Abu Dhabi in the UAE and Singapore.

Building on the unique Borstar® technology and their experience in polyolefins for more than 50 years, Borealis and Borouge provide innovative, value creating plastics solutions for the infrastructure (pipe systems and power and communication cables), automotive and advanced packaging markets. In addition, Borealis offers a wide range of base chemicals from melamine and plant nutrients to phenol and acetone.

Today Borealis and Borouge have a manufacturing capacity of over 5.4 million tonnes of polyolefins (polyethylene and polypropylene) per year of which 26% are the result of a recently completed capacity expansion in Abu Dhabi. An additional 2.5 million tonnes per year (t/y) is scheduled for completion by mid-2014. The companies continue to invest to ensure that their customers throughout the value chain, across the globe, can always rely on product quality, consistency and security of supply.

Borouge and Borealis are committed to the principles of Responsible Care® and proactively contribute to addressing the world’s water and sanitation challenges through their Water for the World™ initiative.