Borealis and Borouge are merging and also acquiring Nova Chemicals in a deal that will establish the world’s fourth-largest polyolefins player.
The deal will enhance the company’s feedstock position, giving it more capacity in the Middle East and North America.In another polyolefins-related deal, LyondellBasell plans to add almost 900 million pounds of annual production capacity for propylene feedstock.
Finally, Ovation Polymer Technology & Engineered Materials, a 20-year-old specialty compounder in Medina, Ohio, is on the auction block.
