# ADNOC and OMV merge polyolefin businesses, acquire Nova Chemicals for $13.4B

ADNOC and OMV agreed to merge their Borouge and Borealis subsidiaries and acquire Nova Chemicals Corporation for $13.4 billion, forming Borouge Group International (BGI), the world's fourth-largest polyolefin company.

- Type: Acquisition
- Announced: 2025-03-04
- Where: Canada
- Value: $13.4B
- Status: announced
- Capacity: 13.6 million tons per annum polyolefins
- Products: polyolefins, polyethylene, ethylene
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Borealis](https://endata.com/companies/242.md) (partner)
- [OMV S.p.A.](https://endata.com/companies/1004.md) (partner)
- [NOVA Chemicals](https://endata.com/companies/2940.md) (target)
- [Mubadala Investment Company](https://endata.com/companies/5162.md) (partner)
- [Borouge](https://endata.com/companies/8678.md) (partner)
- [Abu Dhabi National Oil Company (Adnoc)](https://endata.com/companies/17247.md) (partner)

## Sources

- [al-monitor.com](https://www.al-monitor.com/originals/2025/03/uaes-adnoc-austrias-omv-merge-businesses-create-60b-plastics-firm), 2025-03-04: "Following the takeover, the newly formed firm, Borouge Group International (BGI), will become the world’s fourth-largest polyolefin company"

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