Tag : OMV

News

ADNOC’s XRG and OMV Completes Formation of Borouge International

wirecableApril 1, 2026April 1, 2026

April 1, 2026April 1, 2026

ADNOC’s investment arm XRG and OMV have formed Borouge Group International AG with 50% stakes each in the company, having a total valuation of USD 60 billion. It is one of the largest polyolefins producers in the world. Apr 01, 2026 ADNOC’s investment arm XRG and OMV have successfully formed......

News

Borouge Set To Boost Production Capacity to Over 6.6 Million Tonnes

design2May 13, 2025May 15, 2025

May 13, 2025May 15, 2025

The contracts were awarded for the expansion of EU2 and polyethylene units to support Borouge’s growth strategy. The PE4 and PE5 production units will add approximately 200,000 tonnes per annum of new capacity. The expansion projects, once completed, will increase the company’s annual total polyolefins production capacity to over 6.6......

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