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ADNOC and OMV to Create $60+ Billion Global Polyolefins Champion

3/4/2025

-- ADNOC press release --   Combination of Borouge and Borealis to create Borouge Group International, with new entity to acquire Nova Chemicals for $13.4 billion, establishing the world’s fourth-largest polyolefins player  Leveraging its premium product portfolio and global sales and production footprint, Borouge Group International will be headquartered in Vienna with regional headquarters in Abu Dhabi and listed on the ADXBorouge Group International will be jointly controlled as an equal partnership between ADNOC (46.94%) and OMV (46.94%), with OMV injecting €1.6 billion cash into the consolidated entity to equalize shareholding New industry powerhouse will have best-in-class margin p

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