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Borregaard ASA operates in the biochemical industry, focusing on the production of advanced and sustainable biochemicals derived from natural raw materials. The company offers a prominent range of products, including lignin-based chemicals, bioethanol, and cellulose, which are utilized across various industries such as agriculture, construction, and pharmaceuticals. Established in 1889, Borregaard has its headquarters in Sarpsborg, Norway, where it operates one of the world's most advanced biorefineries. The company's strategic advantage lies in its commitment to sustainability and innovation, leveraging its proprietary technology to produce environmentally friendly alternatives to petrochemical products.

BHP Group Limited is a global resources company primarily involved in the exploration, production, and processing of minerals. The company operates in the natural resources industry, with significant activities in iron ore, metallurgical coal, and copper mining. BHP's operations are geographically diverse, with major assets located in Australia, North America, and South America. Its headquarters are situated in Melbourne, Australia. The company has a strategic focus on sustainable mining practices and technological innovation to enhance productivity and environmental stewardship. BHP's competitive strengths include its scale of operations, diversified asset portfolio, and strong supply chain network.