# OMV and ADNOC form Borouge Group International via merger of Borealis, Borouge, NOVA Chemicals

OMV's Supervisory Board approved a landmark agreement with ADNOC to merge Borealis, Borouge, and NOVA Chemicals into Borouge Group International, a global petrochemical entity.

- Type: Acquisition
- Announced: 2025-03-18
- Where: Canada
- Value: $13.4B
- Status: announced
- Capacity: 2.6 million tonnes of polyethylene per year; 4.2 million tonnes of ethylene per year
- Products: high-performance polymers, chemicals
- 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) (target)
- [OMV S.p.A.](https://endata.com/companies/1004.md) (investor)
- [OMV S.p.A.](https://endata.com/companies/1004.md) (partner)
- [ADNOC](https://endata.com/companies/2481.md) (investor)
- [ADNOC](https://endata.com/companies/2481.md) (partner)
- [NOVA Chemicals](https://endata.com/companies/2940.md) (target)
- [Borouge](https://endata.com/companies/8678.md) (target)
- [Borouge Group International](https://endata.com/companies/83571.md) (acquirer)

## Sources

- [chemanalyst.com](https://www.chemanalyst.com/NewsAndDeals/NewsDetails/omv-strategic-alliance-with-adnoc-a-petrochemical-colossus-forged-35196), 2025-03-18: "The approval by OMV's Supervisory Board of the landmark agreement with ADNOC marks not just a corporate transaction, but the dawn of a new era in the global petrochemical industry."
- [mergersight.com](https://www.mergersight.com/post/adnoc-and-omv-s-13-4bn-acquisition-of-nova-chemicals), 2025-04-14: "ADNOC (Abu Dhabi National Oil Company) and OMV (Österreichische Mineralölverwaltung) have agreed to merge their respective polyolefins businesses: Borouge and Borealis, into Borouge Group, creating a $60bn global leader in polyolefins."

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