OMV and XRG complete formation of Borouge International, acquiring NOVA Chemicals

OMV and XRG (ADNOC's investment arm) completed the formation of Borouge Group International AG, combining Borouge Plc and Borealis, and acquiring NOVA Chemicals. The new entity is the world's fourth-largest polyolefins producer.

“OMV and XRG, ADNOC’s international investment arm, today announced the successful formation of Borouge Group International AG, to operate under the brand name 'Borouge International'.”omv.com

• 2 sources
• omv.comOMV and XRG Complete Transactions to Create Borouge International, Boosting Global Chemicals Leadership | OMV.comMar 31, 2026
• thenationalnews.comAdnoc's XRG and OMV complete deal to create chemicals giant Borouge International | The NationalAlvin R CabralMar 31, 2026

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