Borregaard (BRG) Corporate presentation summary

Business model and strategic direction

• Integrated biorefinery converts renewable wood into high-value products, with 94% raw-material utilisation and diversified revenue streams.

• 2025 segment mix: BioSolutions 56%, BioMaterials 35%, Fine Chemicals 9%; niche leadership and application expertise underpin resilience.

• Strategy prioritises specialisation, capacity debottlenecking, geographic scaling, productivity and cost discipline, and sustainability-led demand.

• Growth focus is scaling proven high-value products and applications rather than broad expansion, with disciplined capital and operational execution.

• 2025 sales reached 100 countries; end markets included agriculture 25%, construction 16%, and food and pharma 21%.

Sustainability and innovation

• Wood inputs are certified or controlled to PEFC and FSC standards; product benefits include renewable sourcing, favourable GHG footprints and fossil-based alternatives.

• Science-based targets call for 42% absolute Scope 1 and 2 GHG reduction by 2030 from 2020, and 90% reduction by 2050 for net zero.

• R&D and innovation employed 100 people across Norway, the US and India; 2025 spend was NOK 222m, or 3% of revenue, and innovation rate was 11%.

• CDP awarded an A in Climate Change for six consecutive years and an A in Water Security; EcoVadis Gold status ranked in the top 5%.

BioSolutions

• Portfolio serves 2,800 customers with 600 products; 2025 sales were distributed across agriculture 45%, construction 15% and other markets 40%.

• Lignosulfonates hold a clear global leadership position; specialisation and movement into higher-value applications are identified as key growth levers.

• Plant nutrition, crop protection and feed offer growth platforms; strategic priorities include scaling proven positions, moving up the value ladder and expanding in APAC and LATAM.

• Wood-based vanillin is positioned against plant- and fossil-based alternatives; estimated 2026 market growth is 4–5% for plant-based vanillin and 2–3% for fossil-based vanillin and ethyl vanillin.