OMV and Adnoc to merge Borealis and Borouge, acquire Nova Chemicals for $13.4B

OMV and Adnoc will merge their polyolefins businesses into Borouge Group International (BGI), which will then acquire Nova Chemicals for US$13.4 billion. The combined entity will be the world's fourth-largest polyolefins player with 13.6 mtpa capacity.

“The deal will create the world’s fourth-largest polyolefins player.”canplastics.com

• 1 source
• canplastics.comOMV, Adnoc To Merge Borealis And Borouge, Buy Nova Chemicals - Canadian PlasticsMar 4, 2025

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