# 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.

- Type: Acquisition
- Announced: 2026-04-01
- Where: multiple sites in Indiana, Louisiana, New Jersey, Texas, Pennsylvania, United States
- Value: $60.0B
- Status: completed
- Products: polyolefins, polyethylene, polypropylene
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Borealis](https://endata.com/companies/242.md) (target)
- [OMV S.p.A.](https://endata.com/companies/1004.md) (acquirer)
- [NOVA Chemicals](https://endata.com/companies/2940.md) (target)
- [Borouge](https://endata.com/companies/8678.md) (target)
- [XRG](https://endata.com/companies/14160.md) (acquirer)

## Sources

- [uaepreferred.com](https://www.uaepreferred.com/perspectives/xrg-and-omv-expand-us-plastic-manufacturing-in-60b-borouge-deal?51d95f76_page=2), 2026-06-18: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.