XRG and OMV finalize $60B merger of Borouge and Borealis

ADNOC's XRG and OMV have finalized a $60 billion merger of Borouge and Borealis to create Borouge Group International, the world's fourth-largest polyolefins producer. The deal includes NOVA Chemicals' US assets.

“Borouge International is exceptionally positioned to meet growing global demand for advanced materials, while supporting industrial development, driving economic diversification, and reinforcing the UAE’s role as a trusted leader in the global energy and chemicals landscape.”uaepreferred.com

• 1 source
• uaepreferred.comXRG and OMV Expand US Plastic Manufacturing in $60B Borouge Deal | UAE PreferredJun 18, 2026

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