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Emirian chemical industry news
25 September 2025
OCI Global H1 2025 Financial Results
OCI sold its methanol business, distributed $1.7B to shareholders, and retired 2033 bonds. European operations improved, and Beaumont ammonia project nears completion.
23 September 2025
NEXTCHEM Expands with New Abu Dhabi Office
The new office supports regional decarbonization efforts, leveraging advanced technologies in sustainable fertilizers, low-carbon energy, and circular solutions.
22 September 2025
OCI Global and Orascom Construction Plan Merger for Global Infrastructure Platform
The merger aims to combine strengths, enhance financial resources, and leverage infrastructure expertise for global growth and investment opportunities.
8 September 2025
Khaled bin Mohamed bin Zayed Leads ADNOC Board Meeting
Reviewed financials, AI deployment, international expansion, and unconventional gas. Emphasized trading growth, UAE skill development, and new chemical projects in Al Ruwais.
29 August 2025
ADNOC Completes AED 1.16 Billion Sale of ADNOC L&S Shares, Boosting Liquidity and Aiming for MSCI Index Inclusion
The offering increased free float to 22%, saw 7x oversubscription, and supports ADNOC's growth plan with strong financial performance and analyst "Buy" recommendations.
27 August 2025
ADNOC and IndianOil Sign 15-Year LNG Agreement
ADNOC to supply 1 mtpa LNG to India, expanding its global footprint. Ruwais project to start in 2028, with 8 mtpa capacity already committed.
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31 July 2025
OMV Reports EUR 5.79 bn Sales in Q2 2025
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.
28 July 2025
EU Investigates ADNOC's Covestro Acquisition for Foreign Subsidies
The EU is investigating potential UAE subsidies that may distort the market, focusing on acquisition terms and competitive impacts. Decision expected by December 2025.
19 December 2024
ADNOC's Successful Takeover of Covestro
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.
24 October 2024
Technip Energies and Enerkem Partner on Waste-to-Fuel Technology
The collaboration aims to advance gasification technology for converting waste into sustainable fuels and chemicals, focusing on strategic design and cost-effective project delivery.
1 October 2024
Covestro and ADNOC Sign Investment Agreement for Public Takeover Offer
ADNOC offers €62/share, supporting Covestro's growth strategy. A 10% capital increase will raise €1.17 billion. Shareholders gain a 54% premium.