As Mubadala’s (formerly IPIC) partner in Borealis since 1998 with its 36% share, OMV also indirectly holds a 14.4% stake in Borouge, a highly successful Petrochemicals joint venture with the Abu Dhabi National Oil Company (ADNOC).
Borouge is a leading provider of innovative, value creating plastics solutions. Building on the unique Borstar® and Borlink™ technologies and over 50 years of experience in polyolefins, Borouge provides innovative, sustainable and value creating plastics solutions for infrastructure (pipe systems, power and communication cables), automotive and advanced packaging applications that address global challenges such as climate change, food protection, access to fresh water, waste management energy conservation and healthcare.
Since the Borouge 3 expansion completed in 2014, the annual capacity is 4.5 mn tonnes, making Borouge the world’s largest integrated polyolefins complex in the world. Borouge is expanding its commercial and logistics network in the Middle East and Asia and invests in its Innovation Center in Abu Dhabi and R&D Application Center in Shanghai.
With the planned Borouge 4 expansion, the company aims to expand its annual capacity to 10 mn tonnes by 2023.