Innovative Idea in Portfolio Management Award – Winner

Award Winner
Borouge PT Abu Dhabi
Organization1 Profile

Borouge is a leading petrochemical company that provides innovative and value-creating plastics solutions. A joint venture between ADNOC and Austria-based Borealis, Borogue is a leading provider of chemical and innovative plastics solutions. With its base in the UAE and the Marketing & Sales head office in Singapore, Borouge employs more than 3,000 people representing over 40 nationalities, and serves customers in 50 countries across the Middle East, Asia and Africa. The company’s annual capacity of 4.5 million tons of polyethylene and polypropylene makes Borouge’s site in Ruwais, the UAE’s and the world’s largest integrated polyolefins complex. Focused on its mission, ‘value creation through people and innovation’, Borouge ensures its customers are provided with differentiated products and improved reliability of supply throughout the value chain.

Portfolio Name
Borouge Innovation Portfolio
Portfolio Details

Building on the unique Borstar® and Borlink™ technologies, and over 50 years of experience in polyolefins, Borouge provides innovative, sustainable and value-creating plastic solutions for packaging, infrastructure, energy, mobility, agriculture and healthcare applications that address global challenges such as climate change, food protection, access to fresh water, energy conservation, healthcare and waste management. Innovation Portfolio is a complex group project catering to the different business segments in Borouge. The portfolio is a mixed bag of short, medium and long-term projects catering to the needs of different regions/markets.

Annual, five-year and long-term budgets for innovation are discussed, planned and approved at different forums. In line with the overall strategic direction of the company, the project plans and resource spend are meticulously dealt with at various levels.

Innovation Areas
Portfolio Strategy and Governance Management and Portfolio Performance Management
Innovation Description

Borouge owns a creative portfolio process designed to deliver innovative new solutions that cater to the actual needs of the customers, with the mission of “value creation by people and innovation”. The several hundred million Emirati Dirhams portfolio is only four years old, employs state-of-the-art technologies for managing the innovation portfolio, while positively contributing to the environment, society and the economy.

Borouge created a unique agile system for stakeholder management including creating Executive Level Innovation Council headed by the CEO of the company. This council meets quarterly to respectfully and openly discuss the innovation portfolio recommendations which helps with making decisions in effectively and in a timely manner.