Borregaard ASA

OSE:BRG

Borregaard ASA turns wood into industrial ingredients. It uses timber from sustainably managed forests and a biorefinery process to make products such as lignin-based binders and dispersants, specialty cellulose, and bio-based chemicals used in animal feed, batteries, concrete, construction, and other industrial applications. It also sells wood-based vanillin and related flavor ingredients for food and fragrance customers. Its main customers are manufacturers that need performance additives or raw materials, not consumers. Borregaard usually sells to producers in industries like construction, agriculture, food, personal care, and specialty chemicals. The company makes money by selling these wood-derived ingredients under long-term supply relationships and by charging for products that are harder to replace than ordinary commodity chemicals. What makes Borregaard different is its role as a wood biorefinery, not a traditional forest-products company. Instead of making paper or lumber, it extracts multiple high-value products from the same wood input and sells them into industrial markets where customers want technical performance, consistency, and lower fossil content. That gives the business a mix of commodity-like raw material exposure and specialty product economics.