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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.
Nova Circular Solutions, a unit of Nova Chemicals, signed a long-term agreement to supply Winpak with post-consumer recycled polyethylene (rPE) under the Syndigo brand for flexible packaging.
Winpak signed a long-term agreement with NOVA Circular Solutions, a NOVA Chemicals unit, to procure post-consumer recycled polyethylene under the SYNDIGO brand for flexible packaging. NOVA's Connersville, Indiana recycling facility is due to start in early 2025.
Amcor signed a memorandum of understanding with NOVA Chemicals to purchase mechanically recycled polyethylene resin for flexible packaging films. The resin will come from NOVA's Connersville, Indiana recycling facility, projected to start operating as early as 2025.
NOVA Chemicals signed a long-term agreement with Merlin Plastics, Canada's largest plastics recycler, to increase supply of post-consumer recyclate for consumer packaging. NOVA is also providing financing for a multi-million dollar recycling project.
SNC-Lavalin, in consortium with TechnipFMC, was awarded a lump sum EPC contract by NOVA Chemicals for two gas cracking furnaces at its Corunna cracker in Canada. The award supports a third phase expanding the unit's ethylene capacity by more than 50%.
