The company provides services and products to customers globally, both directly and in collaboration with Borouge, a joint venture with the Abu Dhabi National Oil Company (ADNOC) and with Baystar™. It also owns a quarter of OMV.
Mubadala will retain a 25 per cent interest. OMV, Mubadala amend Borealis share buy deal Tweet Vienna-based OMV, a global oil and gas company and Mubadala Investment, the Abu Dhabi-based investment company, have signed an amendment to the share purchase agreement for the acquisition of the additional 39 per cent share in Borealis AG. The remaining 5% is owned by Qatar Petroleum.Cepsa is one of the leading integrated energy companies in Spain with business in over 20 countries across four continents.Cosmo Energy Holdings is one of the largest, fully integrated oil refining and marketing companies in Japan with operations in the upstream, midstream and downstream sectors.Dolphin Energy is a joint venture between Mubadala, Total and Occidental Petroleum and is headquartered in the Middle East. Now fully ramped up, the additional 2.5 million tons of polyolefins capacity yield a total Borouge capacity of 4.5 million tons, and a combined Borealis and Borouge capacity of 8 million tons.Borealis and Borouge aim to proactively benefit society by taking on real societal challenges and offering real solutions. Mubadala, through its holding company, owns 64% of the company, with the remaining 36% belonging to Austria-based OMV, an integrated, international oil and gas company. OMV, which currently owns a 36% stake in Borealis, will acquire an additional 39% stake from Mubadala, making it the majority shareholder in the company.

With more than 26 years of experience, the company has …

The company’s production is still relatively low compared to the biggest companies in the sector, making it harder to lower costs further.Seele has highlighted his focus on petrochemicals in the past, especially in emerging markets, where consumer demand is growing for plastics uses from packaging to car parts. Mubadala will retain a 25% interest. OMV is globally active in the exploration, development and production of … It is also fully aligned with our long-term strategy as a company.”Sharing his reaction to the agreement, the CEO of Petroleum & Petrochemicals at Mubadala, Musabbeh Al Kaabi, said: “We remain very confident in Borealis as a leading company in its sector. Mubadala currently owns 25 per cent of OMV and 64 per cent of Borealis, which is in a 50:50 joint venture with Adnoc through Borouge, … Currently, OMV holds 36 percent stake in Borealis and will further acquire a 39 percent stake from Mubadala. OMV supports the transition to a lower-carbon economy and has set measurable targets for reducing carbon intensity and introducing new energy and petrochemical solutions.Borealis delivers positive second quarter financial result despite COVID-19 and a low oil price environmentSiegwerk joins Project STOP to combat plastic pollution in IndonesiaProject STOP: Construction starts on waste processing facility in Jembrana, BaliBorealis to significantly increase share of renewable energy used for its operations in FinlandPlease select one of the categories to find the desired information or use the search field.Download product data sheets, safety data sheets and compliance statements.Download literature, publications, reports and other documents.View and download images / videos from our media library.Save the dates of our upcoming exhibitions and conferences.Discover our global network and the best route to our locations.