# Borregaard

the Norwegian biorefinery is the world's only fully integrated wood-based specialty-chemicals plant, producing lignin-based biovanillin (BioSolutions) and specialty cellulose and cellulose fibrils (BioMaterials) from renewable wood feedstock.

Source: https://en.bioecon.ru/companies/borregaard/
Updated: 2026-08-15

- Country: Norway
- Ticker: BRG

## Verifiable facts

| Fact | Value | Source |
| --- | --- | --- |
| Funding | Financing includes a USD 50 million term loan, EUR 40 million term loan, NOK 500 million green bond, and long-term revolving credit facilities totalling NOK 1,500 million. LignoTech Florida has a separate USD 60 million loan agreement. Borregaard AS also has multicurrency overdraft facilities totalling NOK 225 million. | https://www.borregaard.com/hubfs/Media/InvestorFiles/RegistrationDocument210624NO0012943838/registration-document-21-06-24-no0012943838.pdf?hsLang=en, https://www.scopegroup.com/ScopeGroupApi/api/analysis?id=15b23f62-4206-4066-91de-2d1e70e3c792 |
| Capacity | Bioethanol production capacity is estimated at 20 million litres annually. Exilva microfibrillated cellulose capacity is approximately 1,000 tonnes dry MFC per year. The company expects a 5–10% total capacity increase at the Sarpsborg biorefinery towards 2027. | https://info.borregaard.com/hubfs/Media/InvestorFiles/GeneralMeeting2025/Annual%20Report%202024.pdf?hsLang=en, https://www.borregaard.com/hubfs/Media/InvestorFiles/Q22026/2nd%20quarter%202026%20presentation.pdf?hsLang=en, https://www.borregaard.com/hubfs/Media/InvestorFiles/RegistrationDocument210624NO0012943838/registration-document-21-06-24-no0012943838.pdf?hsLang=en, https://www.emergenresearch.com/industry-report/nanocellulose-market |
| Certification | Borregaard's vanillin is PEFC certified. 95% of wood purchased is PEFC and/or FSC certified. | https://info.borregaard.com/hubfs/Media/InvestorFiles/GeneralMeeting2025/Annual%20Report%202024.pdf?hsLang=en, https://www.borregaard.com/hubfs/Media/InvestorFiles/RegistrationDocument210624NO0012943838/registration-document-21-06-24-no0012943838.pdf?hsLang=en, https://www.borregaard.com/product-areas/biovanillin |
| Regulatory approval | The Sarpsborg site is regulated under the Seveso directive (Norwegian Storulykkeforskriften). The registration document was approved by the Financial Supervisory Authority of Norway (Finanstilsynet). | https://www.borregaard.com/hubfs/Media/InvestorFiles/RegistrationDocument210624NO0012943838/registration-document-21-06-24-no0012943838.pdf?hsLang=en |
| Production site | The main biorefinery is in Sarpsborg, Norway. Additionally, there are five lignin production sites outside Norway located in the USA, Germany, the Czech Republic, and the UK. | https://info.borregaard.com/hubfs/Media/InvestorFiles/GeneralMeeting2025/Annual%20Report%202024.pdf?hsLang=en, https://www.borregaard.com/hubfs/Media/InvestorFiles/RegistrationDocument210624NO0012943838/registration-document-21-06-24-no0012943838.pdf?hsLang=en |
| Headcount | 1,141 full-time equivalent employees at the end of 2024. | https://info.borregaard.com/hubfs/Media/InvestorFiles/GeneralMeeting2025/Annual%20Report%202024.pdf?hsLang=en, https://www.borregaard.com/hubfs/Media/InvestorFiles/RegistrationDocument210624NO0012943838/registration-document-21-06-24-no0012943838.pdf?hsLang=en |
| Revenue | Operating revenues for the full year 2025 were NOK 7,713 million. | https://info.borregaard.com/hubfs/Media/InvestorFiles/GeneralMeeting2025/Annual%20Report%202024.pdf?hsLang=en, https://www.borregaard.com/hubfs/Media/InvestorFiles/Q42025/4th%20quarter%202025%20report.pdf |

Independent sources: emergenresearch.com, scopegroup.com

## Technologies

- [Biosynthetic specialty & fine chemicals (precision fermentation, biocatalysis, biorefinery)](https://en.bioecon.ru/technology/biosynthetic-specialty-chemicals/)
- [Cascade biomass use & biorefinery hubs](https://en.bioecon.ru/technology/cascade-biomass-biorefinery-hubs/)
- [Lignin-derived aromatic chemicals](https://en.bioecon.ru/technology/lignin-aromatic-chemicals/)