OMV and ADNOC advance formation of Borouge Group International

OMV and ADNOC have signed an Asset Usage Agreement for the Borouge 4 production complex, a new integrated polyolefins complex with a 1.5 million tonne ethane cracker and 1.4 million tonnes of polyethylene capacity. The transactions close is expected by the end of March 2026.

“The formation of Borouge Group International AG, through the combination of Borouge Plc and Borealis, and acquisition of Nova Chemicals, is progressing according to plan, with the transactions close expected by the end of March 2026, subject to customary conditions.”omv.com

• 1 source
• omv.comOMV and ADNOC Advance Formation of Borouge Group International | OMV.comMar 19, 2026

Summarized from public sources; check the original articles before acting on it.