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Emirian chemical industry news
7 May 2026
Borouge expands UAE logistics network with Gulftainer and Etihad Rail partnerships
Agreements secure East Coast export access, streamline inland logistics, and create an integrated rail corridor from Ruwais to ports—boosting multimodal resilience, predictability and lower emissions.
7 May 2026
TA’ZIZ Secures $2B Financing for UAE’s First World-Scale Methanol Plant
Oversubscribed financing via 11-bank syndicate with conventional and Islamic facilities, priced to benchmarks. EPC awarded; construction under way for 2028, boosting domestic chemicals value chain.
6 May 2026
Borouge: First XLPE from Borouge 4 to support UAE energy sector
New plant doubles output (+100,000 t/yr), awarded ~$600M in local contracts, expands site capacity by 1.4M t and is expected to deliver up to $400M net profit over three years.
6 May 2026
TA’ZIZ and Alpha Dhabi to invest $10bn in UAE chemicals
Study to develop up to 14 industrial chemicals, adding ~2.2 mtpa capacity in Al Ruwais to support import substitution, local supply‑chain resilience and MIITE industrial strategy.
5 May 2026
Covestro names Klaus Fröhlich CFO
Klaus Fröhlich will become CFO on Oct 1, 2026, succeeding Christian Baier (leaves Sep 30, 2026). Fröhlich, 53, is ADNOC Group CIO with 25+ years in finance and investment banking.
5 May 2026
TA’ZIZ signs $28.5bn offtake and feedstock agreements to expand UAE chemicals ecosystem
Long-term offtake and feedstock deals worth $28.5bn secure global markets and local inputs for methanol, PVC, EDC/VCM, caustic soda, salt and gas, supporting 4.7 mtpa chemicals output by 2028
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4 May 2026
ADNOC launches Industrial Resilience Program to strengthen UAE manufacturing and supply chains
Five initiatives to boost local manufacturing, prioritize Made in the Emirates, add ICV+ incentives and a Multiplier tool, plus long-term demand visibility to shore up supply-chain resilience
3 May 2026
ADNOC to award AED200 billion in projects to accelerate strategy
Accelerates project delivery (2026–28), boosts UAE manufacturing and In‑Country Value by linking EPCs with 70 vetted local suppliers; launches Value Connect to match ~1,000 firms
30 April 2026
Borouge Q1 2026: $156M Net Profit on Operational Resilience
Q1 revenue $1.2B; production 1.21Mt (98% capacity), sales 1.09Mt. 61% of March output rerouted via alternative logistics. Prices rose 62% in March. H2 2025 dividend $658M; merger forms global polyolefins platform.
30 April 2026
OMV: Clean CCS operating result ~EUR 1.0bn in Q1 2026
Q1: operating cash flow €776m (€1,624m excl NWC, +20%); net income €323m; leverage 17%. Energy down, Fuels flat, Chemicals up on Borealis reclass. and higher polyolefin margins; Borouge closed
29 April 2026
MAIRE Q1 2026: Revenues & EBITDA up; 2026 guidance confirmed
Q1: Net income €76.7m (+19.9%); adjusted net cash €396.1m; order intake €4.78bn; backlog €15.73bn; Nextchem revenue +46%; record dividend €0.585/share
24 April 2026
TotalEnergies greenlights Mirny 1 GW wind and 600 MWh BESS in Kazakhstan
FID taken and financing secured for Kazakhstan wind+BESS project; $1.2B investment (75% external). 25‑yr PPA; ~100 TWh over 25 yrs to power ~1M people. Partners: 60/20/20; Saft supplies BESS.
22 April 2026
Mitsui Chemicals Expands Investment in U.S. PRT Developer Glydways
Investment advances deployment of on-demand PRT: small autonomous EVs platooning on dedicated lanes; demos in US and UAE; investor to supply materials, parts, regulatory and market support in Asia.
15 April 2026
Borouge International expands cable materials capacity in Asia, Europe and the Middle East
New and expanding facilities in Cheonan (semicon), Stenungsund (XLPE) and Ruwais (XLPE) increase cable-compound capacity to support power-grid build-out and electrification.
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
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.
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