Significant Strategic Milestone with ADNOC
OMV and ADNOC have signed a binding agreement to combine Borealis and Borouge, creating Borouge Group International. This new company will be the fourth largest polyolefin player globally, with a projected EBITDA exceeding USD 7 billion and synergies of approximately $500 million per annum by 2030.
Increase in Polyolefin Sales Volumes
Polyolefin sales volumes, including joint ventures, grew by 10% year-on-year, and OMV expects to grow these volumes to around 4.1 million tonnes, an increase of 200,000 tonnes compared with 2024.
Cash Flow and Clean CCS Operating Result
Cash flow from operating activities reached almost EUR 1.4 billion, an increase of more than 30% compared with the previous quarter. Clean CCS operating result was solid, at around EUR 1.2 billion.
Green Hydrogen and Chemical Recycling Initiatives
OMV has started up a green hydrogen plant and received an EUR 81 million grant from the EU for its chemical recycling initiative.