Home
Search History
Clear History
{{item.search_key}}
Hot Searches
Change
{{item.name}}
{{item.english_name}}
Subscribe eNews
Once A Week Once Every Two Weeks
{{sum}}
{{sum}}
Log in

Please Login

Subscribe To Tags, See What You Want To See

Sign Up For Events, Expand your network

Unlock Private Messages, Participate In Interactions

 Register

Hi.{{userInfo.company_name_english||userInfo.truename_english}} Hi.{{userInfo.truename||userInfo.phone||userInfo.email}}

Applications

KRAIBURG TPE medical-grade TPE for otoscope device components

CANNON’s POSSIBLE project for mechanically recycling rigid PU and GFRP composites

Market report: New Energy Market Expands as Plastics Solidify Foundations

Products

COACE highlights additives for photovoltaic and power battery sectors at CHINAPLAS 2026

CHINAPLAS 2026: Co-rotating twin-screw extrusion technology from Maris

Covestro, Fertiglobe and TA’ZIZ explore strategic ammonia collaboration

Activities

  • CHINAPLAS 2026: Government blueprint for emerging industries driving new plastics innovation

  • Fakuma to celebrate 30th anniversary edition in October 2026

  • Italy pavilion at Plast Eurasia proves its rising presence in Turkish market

Pictorial

Industry Topic

Green Plastics: News & Insights

ASEAN: The Next Manufacturing Hub

Injection Molding: What's Next?

CHINAPLAS

CHINAPLAS 2025 Focus

CHINAPLAS 2024 Focus

CHINAPLAS 2023 Focus

Exhibition Topic

CHINA INSIGHT

K 2025 FOCUS

K 2022 FOCUS

News Videos

Haitian South China Headquarters opening

BEILIJIA Double Walled Corrugated Pipe Plant

Magnetic mold changing system developed in-house by Shanghai Qiaotian

Conference Videos

【Mandarin session: Webinar playback】SACMI: Your Digitalized Manufacturing, Your Future Today

[Live Replay] LK Group: Smart Manufacturing, New Chapters in Southeast Asia: High-Efficiency Solutions in PET Preform & Thin-Wall Packaging

[Live Replay] Fu Chun Shin (FCS): Data-Driven Digital Rebirth and Intelligent Future of Injection Molding

Corporate/Product Videos

Langfang Zhongfeng Mechanical Technology Co., Ltd., the leading pioneer of manufacturing high speed film blowing machine and bag making machines in China

PolySuper South China Branch Grandly & Officially Launched!

Bag-making machine waste collection machine

Exhibition

Playback TECHHUB 2025@CPRJ Live Streaming for CHINAPLAS

Playback TECHHUB@CPRJ Live Streaming for CHINAPLAS

Events

Playback On April 14, the "6th Edition CHINAPLAS x CPRJ Plastics Recycling and Circular Economy Conference and Showcase" at the Crowne Plaza Shenzhen Nanshan is currently being livestreamed!

Playback 5th Edition CHINAPLAS x CPRJ Plastics Recycling and Circular Economy Conference and Showcase

News
NEW
HOT
 Events
NEW
HOT
 SPE Asia
NEW
HOT
 Special
NEW
HOT
 Live
NEW
HOT
 eNews
NEW
HOT
 Essential Guide
NEW
HOT
 Event Calendar
NEW
HOT
 Survey
NEW
HOT
 CHINA INSIGHT
NEW
HOT

Home > News > Corporate News

Potential merger of Borealis and Borouge to create US$$20 billion chemicals giant

Source：Adsale Plastics Network Date ：2023-07-19 Editor ：VC
Copyright： Original work. Please do not reprint.

Austria's OMV Group announced in a public disclosure of inside information (14 July) that its Executive Board has decided to pursue negotiations with Abu Dhabi National Oil Company (ADNOC) on a potential cooperation with respect to their polyolefins businesses.

 

Such cooperation would include a combination of the Borealis and Borouge businesses as equal partners under a jointly controlled, listed platform for potential growth acquisitions to create a global polyolefin company with a material presence in key markets.

 

Borealis is owned 75% by OMV and 25% by ADNOC. Borouge is owned 54% by ADNOC and 36% by Borealis with the remainder listed on the Abu Dhabi Securities Exchange.

 

Alfred Stern, Chairman of the Board and CEO of OMV AG, said the potential transaction “would create a new global polyolefin powerhouse with significant organic and inorganic growth potential”.

 

He added that a number of transaction parameters would be subjected to mutual agreement during the negotiation, and “further announcement will be made as and when appropriate”.


Austria-Schwechat_Borealis.jpg

Borealis is a provider of advanced polyolefins solutions and a front-runner in polyolefins recycling.


Borouge Petrochemical Complex.jpg

Borouge provides differentiated polyolefins solutions with access to attractive markets.


A stronger competitor to grow in scale

 

The potential tie-up would create a chemicals giant with combined annual sales of more than US$20 billion, according to Reuters, while Bloomberg reported that the overall valuation of the combined entity could ultimately exceed US$30 billion.

 

Goldman Sachs analysts were quoted by Reuters as saying “a combination of the two business would allow the new entity to grow in scale”. They note that Borouge's technological capabilities are enabled by Borealis's proprietary technology, while the latter distributes Borouge's volumes sold in Europe and the US.

 

Combining Borealis and Borouge is likely aimed at creating a stronger competitor to chemicals rivals like SABIC, Bloomberg Intelligence analysts Salih Yilmaz and Darja Lema wrote in a research note.

 

Citigroup analysts were cited by Bloomberg that they see ADNOC expanding its presence in the petrochemicals value-chain to “hedge against what may happen long-term in oil transport demand”.

 

Notably, it was reported earlier that ADNOC had approached German plastics and chemicals maker Covestro with a takeover proposal worth more than 10 billion euros, but was rejected.

 


 Like 丨  {{details_info.likes_count}}
Polyolefin
Acquisition
Borouge
Borealis
 Rongsheng Petrochemical Co., Ltd.      

The content you're trying to view is for members only. If you are currently a member, Please login to access this content.   Log in

Source：Adsale Plastics Network Date ：2023-07-19 Editor ：VC
Copyright： Original work. Please do not reprint.

Austria's OMV Group announced in a public disclosure of inside information (14 July) that its Executive Board has decided to pursue negotiations with Abu Dhabi National Oil Company (ADNOC) on a potential cooperation with respect to their polyolefins businesses.

 

Such cooperation would include a combination of the Borealis and Borouge businesses as equal partners under a jointly controlled, listed platform for potential growth acquisitions to create a global polyolefin company with a material presence in key markets.

 

Borealis is owned 75% by OMV and 25% by ADNOC. Borouge is owned 54% by ADNOC and 36% by Borealis with the remainder listed on the Abu Dhabi Securities Exchange.

 

Alfred Stern, Chairman of the Board and CEO of OMV AG, said the potential transaction “would create a new global polyolefin powerhouse with significant organic and inorganic growth potential”.

 

He added that a number of transaction parameters would be subjected to mutual agreement during the negotiation, and “further announcement will be made as and when appropriate”.


Austria-Schwechat_Borealis.jpg

Borealis is a provider of advanced polyolefins solutions and a front-runner in polyolefins recycling.


Borouge Petrochemical Complex.jpg

Borouge provides differentiated polyolefins solutions with access to attractive markets.


A stronger competitor to grow in scale

 

The potential tie-up would create a chemicals giant with combined annual sales of more than US$20 billion, according to Reuters, while Bloomberg reported that the overall valuation of the combined entity could ultimately exceed US$30 billion.

 

Goldman Sachs analysts were quoted by Reuters as saying “a combination of the two business would allow the new entity to grow in scale”. They note that Borouge's technological capabilities are enabled by Borealis's proprietary technology, while the latter distributes Borouge's volumes sold in Europe and the US.

 

Combining Borealis and Borouge is likely aimed at creating a stronger competitor to chemicals rivals like SABIC, Bloomberg Intelligence analysts Salih Yilmaz and Darja Lema wrote in a research note.

 

Citigroup analysts were cited by Bloomberg that they see ADNOC expanding its presence in the petrochemicals value-chain to “hedge against what may happen long-term in oil transport demand”.

 

Notably, it was reported earlier that ADNOC had approached German plastics and chemicals maker Covestro with a takeover proposal worth more than 10 billion euros, but was rejected.

 


全文内容需要订阅后才能阅读哦~
立即订阅
信百勒 英文横幅 AdsaleCPRJ.com A1 420x90 EN
Cooling roll FCS button ad EN Fully electric blow molding machine - oil-free and stain-fre

Recommended Articles

Corporate News
CHINAPLAS 2026 International Rubber and Plastic Exhibition
 2026-02-10
  RUIAN TPLAST MACHINE CO.LTD 标准会员
Corporate News
CMG Granulators expands manufacturing headquarters for logistics and technical support
 2026-02-05
Corporate News
Dow to cut 4,500 roles in AI-driven "Transform to Outperform" plan
 2026-02-05
Corporate News
Brückner Group expands technology portfolio and global innovation structures
 2026-02-03
Corporate News
Avantium receives triple ISO certifications
 2026-01-28
Corporate News
BASF preliminary figures for 2025 in line with estimation
 2026-01-27
AdsaleCPRJ.com A1 - EMP - EN Jiangyin Yuexing Machinery Co., Ltd.
Yizumi button ad EN FUJIAN HUASU INNOVATIVE PLASTICS MATERIALS CO., LTD. Chongqing Polycomp International Corporation
  • Must See
    • News
    Images
    Watch it
1
TAIZHOU QIHONG MOULD CO.,LTD
2
Toray unveils world’s first 160°C-resistant BOPP film
3
Polyplastics develops new PPS grades with mechanically recycled content
4
Covestro's new digital configurator enables sustainable polyurethane foam design
5
Borealis and Messe Düsseldorf conclude successful reusable cup pilot at K 2025
1
Small Boss keep moving forward — see you at 2026 IPF Bangladesh exhibition! 💪✨
2
High-viscosity gear pump
3
melt pump
4
CPP/CPE/BOPP/IPP/IPE ANTI-STATIC MASTERBATCH
5
High-temperature gear pump
  • Hot Specials

You May Be Interested In

Change
  • People
  • Company
loading... No Content
{{[item.truename,item.truename_english][lang]}} {{[item.company_name,item.company_name_english][lang]}} {{[item.job_name,item.name_english][lang]}}
{{[item.company_name,item.company_name_english][lang]}} Company Name    {{[item.display_name,item.display_name_english][lang]}}  

Polyurethane Investment Medical Carbon neutral Reduce cost and increase efficiency CHINAPLAS Financial reports rPET INEOS Styrolution Evonik Borouge Polystyrene (PS) mono-material Sustainability Circular economy BASF SABIC Multi-component injection molding machine All-electric injection molding machine Thermoforming machine

Potential merger of Borealis and Borouge to create US$$20 billion chemicals giant

识别右侧二维码，进入阅读全文
下载
x 关闭
订阅
亲爱的用户，请填写一下信息
I have read and agree to the 《Terms of Use》 and 《Privacy Policy》
立即订阅
Top
Feedback
Chat
News
Market News
Applications
Products
Video
In Pictures
Specials
Activities
eBook
Front Line
Plastics Applications
Chemicals and Raw Material
Processing Technologies
Products
Injection
Extrusion
Auxiliary
Blow Molding
Mold
Hot Runner
Screw
Applications
Packaging
Automotive
Medical
Recycling
E&E
LED
Construction
Others
Events
Conference
Webinar
CHINAPLAS
CPS+ eMarketplace
Official Publications
CPS eNews
Media Kit
Social Media
Facebook
Linkedin
Adsale Group ｜  About Us ｜  Terms of Use ｜  Privacy Policy ｜  Contact Us ｜  Media Kit ｜  Consent Letter for Processing Personal Data ｜