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Borouge and Borealis combined into Borouge International, which is acquiring NOVA Chemicals, with OMV and XRG each holding 50 percent. The new company is headquartered in Austria with regional headquarters in the UAE.
The European Commission approved without conditions the acquisition of Nova Chemicals by ADNOC and OMV, part of a broader merger plan with Borealis and Borouge. The approval was reported on 10 July 2025.
Borealis has acquired a majority stake of 50.01% in Renasci, a chemical recycling provider in Ostend, to secure access to chemically recycled feedstock. Borealis had held a 10% stake since July 2021.
Borouge awarded engineering, procurement and construction contracts for Borouge 4, a $6.2 billion expansion of its Ruwais complex, to Al Asab General Transport and Contracting and to Technip Energies with Target Engineering.
ADNOC and Borealis signed a final investment agreement worth USD 6.2 billion to build Borouge 4, a polyethylene expansion at the Ruwais complex in the UAE. It will produce 1.4 million tons of polyethylene per year, including a 1.5 million ton ethane cracker.
Borealis took the final investment decision to expand its polypropylene plant in Kallo, Belgium by 80 ktpa. The added capacity is expected to start up in mid-2020.
Bockatech and Borealis AG agreed to jointly develop reusable and recyclable foam injection moulding solutions for lightweight plastic packaging.
Borealis selected Honeywell UOP's C3 Oleflex process technology for a proposed plant in Kallo, Belgium, targeting 740,000 metric tons per year of polymer-grade propylene, with final investment decision expected in Q3 2018.
Metso signed an agreement to deliver about 150 on-off and control valves for the Kilpilahti combined heat and power plant in Porvoo, Finland, planned for commissioning in 2018. The order value was not disclosed.
