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Emirian chemical industry news
2 April 2026
TotalEnergies and Masdar form $2.2bn JV for onshore renewables in Asia
Merger of onshore solar, wind and storage in nine Asian countries, combining 3 GW operational and 6 GW advanced-development (to 2030). HQ in ADGM; ~200 staff; closing subject to approvals.
1 April 2026
Nouryon raises global ketone peroxide prices up to 30%
Effective April 1, 2026: price adjustments across Cadox, Butanox and Trigonox due to Middle East-driven oil and feedstock cost rises; supplier will work with distributors to maintain supply.
31 March 2026
OMV and XRG form Borouge International
Merger of Borouge, Borealis and NOVA creates global pure‑play polyolefins leader with 13.6 Mtpa capacity, >$500M synergies, advantaged feedstock and investment‑grade ratings
27 March 2026
Sasol — Middle East developments and business impact
Middle East conflict disrupted gas supply - ORYX GTL shut; ~60 staff safe. Fuel and chemicals impacted; Secunda/Natref secure inventories and alternative crude; contingencies active.
27 March 2026
Fondazione MAIRE presents Climate Goals study in Berlin
Fourth edition of Climate Goals study shows Germany as highly aware, pragmatic on energy transition; emphasizes technical focus, workforce upskilling, and shift of momentum toward emerging economies.
26 March 2026
ADNOC and OMV appoint executive team for Borouge Group International AG
Roger Kearns, Dr. Stefan Doboczky and Dr. Hasan Karam to lead; interim CFO until May 2026; supervisory board set; deal on track to close by end‑March 2026, forming a global polyolefins leader
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26 March 2026
OMV and ADNOC appoint Borouge Group International AG executive team
Appointed CEO Roger Kearns, CCO Dr. Stefan Doboczky, COO Dr. Hasan Karam; interim CFO Daniel Turnheim until May 2026. Appointments precede planned combination and acquisition closing by Mar 2026.
23 March 2026
ADNOC’s Al Jaber: Weaponizing the Strait of Hormuz Is Economic Terrorism
Al Jaber says choking the Strait of Hormuz is economic terrorism that raises costs worldwide; it's a security, not supply, issue. Urges open waters, cites UAE resilience and invites leaders to ADIPEC.
19 March 2026
OMV and ADNOC delay BGI listing, exchange offer and capital increase to 2027
Timing aligned to a 2027 capital increase; 2026 dividend cut will lower parent payout by ~€0.6–0.7/sh (payout USD250m vs USD500m). Further support measures possible.
19 March 2026
ADNOC and OMV advance formation of Borouge Group International AG
Agreement allows marketing of B4 volumes, adds ~$400M net over 3 years (~10% EPS accretion), supports 16.2 fils dividend, targets strong credit ratings; transactions close ~Mar 2026.
16 March 2026
OCI Global H2 and FY 2025 Unaudited Results
Geopolitical tensions raise gas costs, impacting nitrogen production. OCI divests assets, plans merger with Orascom. Court halts shareholder vote pending inquiry. Revenue and EBITDA decline.
4 March 2026
Symrise Reports 2025 Organic Sales Growth and Profitability Boost
Achieved 2.8% organic growth, 21.9% EBITDA margin, and launched share buyback. Focused on efficiency, innovation, and strategic transformation for long-term value.
6 February 2026
RWE Partners with ADNOC and Masdar to Boost Energy Security in Europe
RWE signs MoUs to explore LNG supply and invest in battery storage in Germany, enhancing energy security and supporting renewable energy integration.
6 February 2026
ADNOC and Germany Strengthen Energy Partnership
Chancellor Merz visits UAE to discuss LNG supply, AI integration, and energy collaboration, including agreements on LNG trading and battery storage projects.
6 February 2026
Covestro, Fertiglobe, TA’ZIZ Explore Ammonia Collaboration
The MoU explores ammonia supply and infrastructure, focusing on low-carbon production and long-term opportunities in China, the US, Europe, and the UAE.
4 February 2026
OMV Reports EUR 4.6 Billion Clean CCS Operating Result for 2025
OMV's 2025 results show strong cash flow, low leverage, and improved chemicals and fuels performance, despite lower energy results. Dividend proposed at EUR 4.40 per share.
4 February 2026
Borouge Reports $1.1 Billion Net Profit for 2025 with Record Sales and Operational Performance
Achieved 37% EBITDA margin, record production, and sales. Focused on high-value products, cost control, and innovation. Expanded capacity and maintained strong dividends.
29 January 2026
Dow Q4 2025 Financial Results
Net sales fell 9% YoY. GAAP net loss was $1.5B. Op. EBIT dropped $421M. Cost savings partly offset declines. Dividends totaled $251M. CEO highlights cost actions and future productivity goals.
28 January 2026
ADNOC and TAQA Sign 27-Year Utilities Deal with TA’ZIZ for Ruwais Chemicals Production
The agreement supports UAE's industrial growth by providing utilities for TA’ZIZ, enabling 4.7 million tonnes of chemicals production annually by 2028.
20 January 2026
ADNOC Enters Global Top 100 Brands
ADNOC's brand value rose 11% to $21.13B in 2026, maintaining its top UAE brand status for eight years and ranking sixth globally in oil-and-gas, driven by AI, growth, and decarbonization.
19 January 2026
MOL Group to Acquire Majority Stake in Serbian NIS
MOL to gain control of Serbia's sole refinery, enhancing its Central and Southeastern European market presence. Transaction awaits regulatory approvals, aims for completion by March 2026.
19 January 2026
MOL Acquires Majority Stake in Serbian NIS
MOL to gain control of Serbia's sole refinery, enhancing its Central and Southeastern European market presence. Transaction awaits regulatory approvals, with completion aimed by March 2026.
15 January 2026
Dangote Refinery Achieves 50m Litres Daily PMS Output
The refinery sustains 50m litres daily, supports economic stability, plans expansion, and exports Euro 5 fuels. Local refining reduces import reliance and stabilizes prices.
7 January 2026
Borouge Implements AI Operations at Ruwais for Enhanced Efficiency
AI operations at Ruwais boost efficiency by 20%, cut downtime by 20%, and reduce costs by 15%, enhancing safety and sustainability. Part of a $575M value generation program.
7 January 2026
ADNOC Finalizes Investment for SARB Deep Gas Project
The SARB Deep Gas Development will produce 200 million scfd of gas by decade's end, using AI and remote operations to enhance efficiency and safety, supporting UAE gas self-sufficiency.
5 January 2026
Eni Launches Eni Industrial Evolution for Industrial Transformation
The new company manages refineries and logistics, focusing on industrial transformation and sustainability, optimizing processes for a decarbonized energy future.
30 December 2025
MAIRE Secures €700 Million in E&C Solutions Contracts
MAIRE's subsidiaries secure €430M for additional works in Africa and the Middle East, and €270M for renewable and energy efficiency projects in the Middle East and Italy.
19 December 2025
ADNOC Secures $2 Billion Green Financing from K-SURE, Totaling $5 Billion in 18 Months
ADNOC's $2B green financing supports lower-carbon projects, aligning with global standards. This enhances ADNOC's sustainable finance and strengthens ties with South Korea.
18 December 2025
NEXTCHEM Opens New Facility at MyReplast's Bedizzole Upcycling Plant
The new facility includes offices and a showroom showcasing the NX Replast™ upcycling process, producing 40,000 tons of recycled polymers annually with 95% efficiency.
18 December 2025
ADNOC Secures $11 Billion Financing for Hail and Ghasha Gas Project
The financing supports Hail and Ghasha's gas production, with participation from over 20 financial institutions, enhancing project resilience and ADNOC's strategic growth.
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