ADNOC, OMV to form $60bn Borouge Group International, unlocking $500m in annual synergies

A major transformation is set to take place in the global polyolefins industry as Abu Dhabi National Oil Company (ADNOC) and OMV Aktiengesellschaft (OMV) move forward with plans to establish Borouge Group International. This newly formed entity will result from the consolidation of Borouge plc and Borealis AG, alongside the planned acquisition of Nova Chemicals […]