# Adnoc and OMV agree to form $60B petrochemical giant, acquire Nova Chemicals

Adnoc and OMV reached an agreement to combine their petrochemical businesses and subsequently acquire Canada's Nova Chemicals, forming a company valued at about $60 billion.

- Type: Acquisition
- Announced: 2025-03-04
- Where: Canada
- Value: $60.0B
- Status: announced
- Products: petrochemicals, polyolefins
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [OMV S.p.A.](https://endata.com/companies/1004.md) (partner)
- [NOVA Chemicals](https://endata.com/companies/2940.md) (target)
- [Abu Dhabi National Oil Company (Adnoc)](https://endata.com/companies/17247.md) (partner)

## Sources

- [wsj.com](https://www.wsj.com/business/deals/adnoc-omv-reach-deal-to-form-60-billion-petrochemical-giant-c06e3643), 2025-03-04: "Adnoc and OMV reached an agreement to combine their petrochemical businesses and subsequently acquire Canada's Nova Chemicals"

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