The Abu Dhabi National Oil Company (ADNOC) and Austria’s OMV announced on Monday, March 3, that they will merge their stakes in Borouge plc and Borealis AG to create Borouge Group International.

Borouge Plc has announced that its annual net profit for 2024 has increased by 24% to $1.24 billion.

Borouge Plc, a leading UAE-based petrochemical company providing innovative polyolefin solutions, announced the signing of new supply and collaboration agreements worth more than $100 million (AED 367 million).