UAE’s Adnoc confirms discussions with Austria’s OMV for a new polyolefins JV

Abu Dhabi National Oil Company (ADNOC) confirmed on Saturday negotiations with Austria’s OMV to set up a new global polyolefins group.

It said in a statement that negotiations to merge their Borouge and Borealis companies were going in a “constructive and positive manner.”

The proposed merger would create a global polyolefin group, which would combine Canada’s Nova Chemicals, Borealis and Borouge.

Read the original article in Msn: UAE’s ADNOC Confirms Negotiations with Austria’s OMV for New Polyolefins JV