ChemBriefOMV and ADNOC Form Global Fourth-Largest Polyolefin Producer
Apr 1, 2026
OMV and ADNOC merged Borouge and Borealis to acquire NovaChem, forming Borouge Group International with 13.6 million tons of polymer capacity. The deal creates the world's fourth-largest polyolefin producer valued at over $60 billion.