Emirian chemical industry news

The offering increased free float to 22%, saw 7x oversubscription, and supports ADNOC's growth plan with strong financial performance and analyst "Buy" recommendations.

ADNOC to supply 1 mtpa LNG to India, expanding its global footprint. Ruwais project to start in 2028, with 8 mtpa capacity already committed.

Q2 2025: Strong chemical results, low leverage, ongoing Borouge integration, and green hydrogen projects. Energy segment hit by lower oil prices; Fuels & Feedstock affected by shutdowns.

The EU is investigating potential UAE subsidies that may distort the market, focusing on acquisition terms and competitive impacts. Decision expected by December 2025.

XRG acquires 91.3% of Covestro shares. The deal awaits regulatory approval, aiming to enhance XRG's Performance Materials and Specialty Chemicals business. Completion expected in H2 2025.

The collaboration aims to advance gasification technology for converting waste into sustainable fuels and chemicals, focusing on strategic design and cost-effective project delivery.

ADNOC offers €62/share, supporting Covestro's growth strategy. A 10% capital increase will raise €1.17 billion. Shareholders gain a 54% premium.