Project STOP, an initiative to create sustainable waste management infrastructure in high-need areas of Asia, has achieved an important milestone: since the launch of its first city partnership in 2018, more than 100,000 people now have access to circular waste management services, most for the first time. In this blog series, we sat down with Alfred Stern, CEO of Borealis—one of the co-founders of Project STOP, to discuss the importance of waste management and how the plastics value chain plays important role in addressing ocean plastic pollution.
Borealis is a leading provider of innovative solutions in the fields of polyolefins, base chemicals, fertilizers, and melamine. With its head office in Vienna, Austria, the company currently has more than 6,900 employees and operates in over 120 countries. Borealis generated EUR 8.1 billion in sales revenue and a net profit of EUR 872 million in 2019. Mubadala, through its holding company, owns 64% of the company, with the remaining 36% belonging to Austria-based OMV, an integrated, international oil and gas company. Borealis provides services and products to customers globally, in collaboration with Borouge, a joint venture with the Abu Dhabi National Oil Company (ADNOC), and with Baystar™, a joint venture with Total in Texas, USA. www.borealisgroup.com | www.borealiseverminds.com