Wed 03-05-2017 17:11 PM
ABU DHABI, 3rd May, 2017 (WAM) -- Borouge and Borealis, leading providers of innovative, value-creating plastics solutions, announced the launch of Quentys , the new umbrella brand created to empower and potentially revolutionise the solar energy industry by making applications more affordable, reliable, and durable.
As leading providers of polyolefin compounds for the global wire and cable industry for over 50 years, Borouge and Borealis are now widening the scope of their energy industry endeavours to include solar. By 2025 solar is expected to have the highest global annual capacity added of all energy sources, reaching over 100 Gigawatt (GW) capacity added per year. As reliable and trusted suppliers with a truly global reach, the two companies are prepared to meet this rising demand by working with partners and customers around the world to exploit the full potential of solar.
"As a global innovation leader, our mission is to Keep Discovering new ways of applying our experience and know-how to future growth sectors," said Alfred Stern, Borealis Executive Vice President, Polyolefins and Innovation and Technology. "Our new Quentys brand will be the foundation for a range of exciting new products and applications that will make solar more affordable and more widely available."
"The launch of Quentys reflects our companies’ strong commitment towards sustainability and to create value for our customers with proprietary innovations developed by our creative people," said Wim Roels, Chief Executive Officer Borouge Pte Ltd. "This new solar brand is an enabler for us to contribute to the development of the solar energy sector by providing innovative, credible and profitable solutions for the solar industry."