UAE Petchems Giant Borouge On Accelerated Growth Trajectory

2 May 2025 Issue: 68 / 18 By: Jamie Ingram

Borouge targets a 32% organic increase in capacity to 6.6mn t/y by 2028, on top of merger plans which will catapult the firm into the global top 5 polyolefins companies. First up, the completion and integration of the Borouge-4 expansion by end-2026.

Abu Dhabi petrochemicals firm Borouge has enjoyed a solid start to 2025, with net profits up $10mn year-on-year at $280mn for Q1. The first quarter is typically the firm’s weakest quarter, and despite global economic headwinds executives are expressing confidence that a US-China trade war could yield as many opportunities as challenges.

Sales increased 10% year-on-year, and Borouge (Adnoc’s XRG 54%, Borealis 36%, free float 10%) is firmly on a growth trajectory as it advances projects to organically expand capacity from 5mn t/y currently to 6.6mn t/y by 2028. This lays “firm foundations” for the ambitious merger of Borouge with its shareholder Borealis and Abu Dhabi-owned Nova Chemicals. The planned entity (Borouge Group International) will have a combined capacity of 16.6mn t/y, with the merger planned to complete in Q1 next year (MEES, 7 March). (CONTINUED - 791 WORDS)