ADNOC on potential polyolefin opportunities

emirates7 - Abu Dhabi National Oil Company (ADNOC) P.J.S.C. has confirmed that discussions with OMV AG regarding the potential formation of a new global polyolefins group are progressing in a constructive and positive manner. This proposed venture would involve merging their existing stakes in Borouge plc and Borealis AG, while also considering the acquisition of Nova Chemicals Corporation from Mubadala Investment Company and its integration into the combined entity.

The completion of these transactions remains subject to final agreements, regulatory approvals, and standard conditions.

ADNOC will provide market updates as necessary.