Italy
ADNOC

OMV and XRG create global polyolefins giant

April 1, 2026 - Headquartered in Vienna, Borouge International will have capacity of 13.6 million tonnes/year once expansion projects are completed.

Borouge Group International names leadership team

March 27, 2026 - Roger Kearns has been named CEO, Stefan Doboczky chief commercial officer and Hasan Karam chief operating officer. Daniel Turnheim will serve as interim CFO pending the appointment of a permanent finance chief.

Steilemann to leave Covestro in 2028

February 23, 2026 - The German chemicals group’s CEO has informed the Supervisory Board that he will not seek a further term. The CFO’s mandate also expires this year.

New chair for Covestro’s supervisory board

December 29, 2025 - Rainer Seele, former CEO of OMV and current head of chemicals at ADNOC subsidiary XRG, succeeds Richard Pott.

XRG completes acquisition of Covestro

December 10, 2025 - With the agreed capital increase, the German chemical group comes under the control of Emirati group ADNOC.

Covestro-Adnoc deal clears final hurdle

November 26, 2025 - With the green light from the German government, the final hurdle has been cleared for the chemical group’s transition to Adnoc.

Eu gives conditional approval for Adnoc–Covestro deal

November 14, 2025 - The Commission has acknowledged the commitments made by Adnoc to address certain competition concerns related to state subsidies.

EU investigates Adnoc-Covestro deal

July 29, 2025 - Under the Foreign Subsidies Regulation, the commission checks whether UAE guarantees and capital boosts skewed the deal and the EU market.

ADNOC shifts OMV stake to XRG

July 16, 2025 - Overseas investment arm will also receive Borouge Group International shares once polyolefins merger closes

EU clears acquisition of Nova by ADNOC and OMV

July 10, 2025 - The European Commission found no threat to competition in the ethylene and polyolefins markets.

LAST NEWS

Six priorities for circular plastics

September 8, 2026 - The industry is renewing calls for the European Commission to take action on competitiveness, recycling, energy, controls and investment in the sector.

Sphere boosts flexible packaging

September 8, 2026 - The French group has acquired domestic company Polyex, a specialist in polyethylene film extrusion and industrial packaging.

Röchling expands sheet business in Spain

September 8, 2026 - For the German group, this is its second acquisition in the sheet segment in just a few months.

Plastiflex invests in Italian healthcare

September 4, 2026 - Belgian manufacturer has acquired Mirandola-based Sidam, a manufacturer of disposable medical devices for fluid management.

Syensqo doubles compounding capacity in India

September 4, 2026 - A new line at Panoli for PPS-, PEEK-, PPA- and PARA-based engineering polymers will mainly target the automotive sector.

PLA recycling closes the loop

September 4, 2026 - ReBioCycle has demonstrated at pilot scale that PLA can be sorted from mixed plastic waste and chemically recycled back into virgin-quality material.

MOST POPULAR

PLA recycling closes the loop

September 4, 2026 - ReBioCycle has demonstrated at pilot scale that PLA can be sorted from mixed plastic waste and chemically recycled back into virgin-quality material.

Six priorities for circular plastics

September 8, 2026 - The industry is renewing calls for the European Commission to take action on competitiveness, recycling, energy, controls and investment in the sector.

Syensqo doubles compounding capacity in India

September 4, 2026 - A new line at Panoli for PPS-, PEEK-, PPA- and PARA-based engineering polymers will mainly target the automotive sector.

Plastiflex invests in Italian healthcare

September 4, 2026 - Belgian manufacturer has acquired Mirandola-based Sidam, a manufacturer of disposable medical devices for fluid management.

Marelli to stay in lenders' hands

July 30, 2025 - Search for a buyer falls through; Chapter 11 exit slated for 2026 under the ownership of its principal lenders.

EVENTS

Friedrichshafen Oct. 12–16, 2026

Plastics fair Fakuma confirms Friedrichshafen

With strong exhibitor interest and regional support, the event will remain at its traditional Lake Constance location for at least five more years.