WBAG:OMVOil and Gas
OMV And ADNOC Joint Venture Reshapes Valuation Story For Polyolefins Investor
OMV (WBAG:OMV) and ADNOC have completed the formation of Borouge Group International AG in March 2026.
The joint venture combines global petrochemical and polyolefins assets from OMV, Borealis, NOVA Chemicals, and Borouge.
Borouge International is positioned as one of the largest polyolefins producers worldwide, with a broad international footprint.
For you as an investor, this move places OMV more firmly in the global chemicals sector, alongside its existing oil and gas activities. The...