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ADNOC and Borealis Consider Borouge Listing

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亚博安卓版下载阿布扎比,阿联酋/维也纳,奥地利 - 2月15日,2022年: Abu Dhabi National Oil Company (ADNOC) and Borealis AG (Borealis) are considering a potential initial public offering (IPO) of a minority stake in their joint venture business Borouge. Headquartered in Abu Dhabi, Borouge is a leading provider of innovative, value creating plastics solutions.

ADNOC and Borealis will provide further material updates as and when appropriate.

释放细节

2月15日,2022年

About ADNOC

ADNOC is a leading diversified energy and petrochemicals group wholly owned by the Emirate of Abu Dhabi. ADNOC’s objective is to maximize the value of the Emirate’s vast hydrocarbon reserves through responsible and sustainable exploration and production to support the United Arab Emirates’ economic growth and diversification. To find out more, visitwww.www.lianghuamei.com

For media inquiries please contact:

Oliver Thompson
经理、财务沟通
media@www.lianghuamei.com

For investor inquiries please contact:

Edward Senior
Vice President, Investor Relations
ir@www.lianghuamei.com

About Borealis

Borealis是世界领先的先进和圆形聚烯烃解决方案提供者之一,以及塑料的基础化学品,肥料和机械回收的欧洲市场领导者之一。我们利用我们的聚合物专业知识和数十年的经验,为重点行业提供价值增加,创新和圆形材料解决方案。在重新发明方面,我们建立了我们对安全,我们的人民和卓越的承诺,因为我们加快了对循环经济的转变并扩大了我们的地理占地面积。

With head offices in Vienna, Austria, Borealis employs 6,900 employees and operates in over 120 countries. In 2020, Borealis generated EUR 6.8 billion in sales revenue and a net profit of EUR 589 million. OMV, the Austria-based international oil and gas company, owns 75% of Borealis, while the remaining 25% is owned by a holding company of the Abu-Dhabi based Mubadala. We supply services and products to customers around the globe through Borealis and two important joint ventures: Borouge (with the Abu Dhabi National Oil Company, or ADNOC, based in UAE); and Baystar™ (with Total, based in the US).

www.borealisgroup.com.|www.borealiseverminds.com

Borstar is a registered trademark of Borealis AG

Media Relations

Borealis: Virginia Wieser
高级经理,公司通信,品牌和声誉
Tel.: +43 1 22 400 772 (Vienna, Austria)
e-mail:virginia.wieser@borealisgroup.com

About Borouge

A joint venture between ADNOC and Borealis, Borouge is a leading petrochemicals company that provides innovative plastics solutions for the energy, infrastructure, mobility, packaging, healthcare and agriculture industries. Following the fourth world–scale expansion, Borouge will become the world's largest single-site polyolefin complex by 2025, with an overall production capacity of 6.4 million tonnes annually.www.borouge.com