Borregaard (BRG) Company presentation summary

Business model and strategy

• Operates an integrated biorefinery model, producing biochemicals, biomaterials, fine chemicals, and bioethanol from wood, with high value added through full raw material utilisation and a diversified market strategy across 800 products.

• Focuses on specialisation in global niche markets with high barriers to entry, leveraging application knowledge, innovation, and proximity to markets.

• Strategic priorities include increased specialisation, value growth, targeted investments, and leveraging sustainability and regulatory trends as value drivers.

• Maintains a market-driven organisation with dedicated sales forces and strong global presence, especially in Europe, Americas, and Asia.

• Pursues continuous productivity improvement and competence development as main competitive advantages.

Sustainability and innovation

• Uses natural, renewable, and certified wood as raw materials, with efficient, sustainable production processes and products that add sustainability value to customers.

• Science Based Targets initiative approved GHG reduction goals: 42% absolute reduction by 2030 (from 2020), net-zero by 2050.

• Recognised as a global leader in climate action, with top ratings from CDP and EcoVadis.

• Invests significantly in R&D and innovation, with NOK 222 million allocated in 2025 and an innovation rate of 14% in 2024.

• Invests in bio-based start-ups with strong ESG profiles and synergies, including Alginor, Kaffe Bueno, Lignovations, and Oceanium.

BioSolutions segment

• Largest global supplier of lignin-based biopolymers and only producer of wood-based vanillin, with production sites in Norway, USA, Germany, Czech Republic, and UK.

• Product applications span construction, agriculture, animal feed, batteries, crop protection, flavours, and personal care.

• Sales revenues in BioSolutions trebled since 2012, driven by increased specialisation and reduced exposure to low-value markets.

• Sustainability and regulatory trends drive new business, with opportunities in Asia, agriculture, electrification, and animal feed.

• New green technologies target high-end markets such as home care and coatings, with product launches in 2024-2025.