04 Mar 2025
The merger is expected to generate operational synergies, with cost savings projected at $500 million annually. Additionally, the new entity will serve as a platform for further acquisitions in the polyolefins sector, reinforcing ADNOC and OMV’s market presence.
03 Mar 2025
Investor concerns deepened following the US announcement confirming the 4 March implementation of tariffs on Canadian and Mexican imports, a move that threatens to disrupt crude supply chains from two of the US’s largest foreign oil suppliers.
03 Mar 2025
In 2023, the company similarly lobbied for a 3% tariff on imported PP and PE under HS codes 39029090, 39011092, 39012000, and 39014000. However, the proposal encountered strong opposition from industry stakeholders
03 Mar 2025
28 Feb 2025
Market analysts attributed the downturn to weakened international demand and elevated feedstock costs, which continued to erode profitability across the industry. The company also pointed to a glut in global ethylene capacity
28 Feb 2025
28 Feb 2025
