ADNOC's XRG and OMV have finalized a deal to create the world's fourth-largest polyolefins producer—Borouge Group International. The $60 billion merger of Borouge and Borealis brings North American polyethylene producer NOVA Chemicals into XRG's expanding US portfolio. NOVA Chemicals operates major production facilities in Indiana and Louisiana, employing over 250 people, with additional offices in Pennsylvania.

Why This Matters

This deal creates a global chemicals powerhouse with a significant American footprint. Including NOVA Chemicals' assets, Borouge now operates eight manufacturing sites and corporate offices across New Jersey, Texas, Louisiana, Pennsylvania and Indiana, managing the full plastics value chain from production to distribution.

Polyolefins—including polyethylene and polypropylene—are among the world's most consumed plastics, essential to packaging, automotive, construction and medical supplies. The merger deepens UAE investment in critical US chemical infrastructure while expanding domestic production capacity in materials vital to American manufacturers and consumers.

Pull Quote: “Borouge International is exceptionally positioned to meet growing global demand for advanced materials, while supporting industrial development, driving economic diversification, and reinforcing the UAE’s role as a trusted leader in the global energy and chemicals landscape.” – HE Dr. Sultan Al Jaber, Executive Chairman of XRG and Managing Director and Group Chief Executive of ADNOC