OMV and Borealis are paving the way for a joint future: The OMV shares of Borealis are increased to 75%. Now we can combine the strengths of two enterprises breaking new grounds together. With OMV’s expertise in processing raw materials and Borealis’ innovative chemical processes new synergies are created. The focus is shifted from burning valuable raw materials to refining them. To producing high-end products needed for the energy transition, healthcare and to make everyday life easier. Together sustainable solutions for recycling management are developed and, in doing so, waste is turned into high-quality products again – an important contribution for a low-carbon future.
Together OMV and Borealis are embarking on a common mission to shape the future with passion and innovation.
Rainer Seele, Chairman of the OMV Executive Board and CEO: “This transaction is another milestone in the implementation of our strategy. We are thus establishing an integrated and sustainable business model extending OMV’s value chain towards higher value chemical products and recycling, thereby repositioning the Group for a lower carbon future.
Combining OMV’s expertise in processing raw materials and Borealis’ innovative chemicals processes allows us to develop new pathways together. OMV and Borealis deliver the high-value products that are essential for the energy transition, for healthcare, for people’s lives. We will jointly expand our know-how and activities in the plastic’s circular economy.
Find out more about the synergies of OMV & Borealis
What we do with it makes the difference. That’s why OMV refines crude to a material for high end products, which will remain in demand in a decarbonized world.
Transition to a circular economy
Together, OMV and Borealis will proactively expedite the transition from a linear to a circular economy. With this, we want to be a technological force, leading the way in overcoming one of the greatest challenges of our time: making a lower-carbon future a reality.
OMV, the international integrated oil and gas company headquartered in Vienna and Mubadala Investment Company, the Abu Dhabi-based strategic investment company, have completed the transaction for OMV to acquire an additional 39% stake in Borealis, a leading, global chemicals company, from Mubadala.