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flag Austrian energy firm OMV and XRG merge to create Borouge International, a global polyolefins leader.

flag XRG, ADNOC’s international investment arm, and Austrian energy company OMV have merged to form Borouge International, a global polyolefins leader headquartered in Austria. flag The new company, formed by combining Borouge Plc, Borealis, and NOVA Chemicals, boasts a 13.6 million-tonne annual production capacity and is positioned as the world’s fourth-largest producer. flag Backed by shareholders XRG and OMV, Borouge International expects over $500 million in annual EBITDA synergies and aims to meet rising global demand for advanced materials.

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