Founded in 1998, Borouge is a petrochemical producer backed by ADNOC and Borealis. In 2025, it produced 5.1 million tons of polyolefins and recorded a sales volume of 5.4 million tons. In June 2025, it awarded ADNOC Logistics & Services a $531 million, 15-year contract to manage up to 70% of its annual production. In December 2025, Borouge and Borealis launched Recleo™, a global brand for mechanically recycled polyolefins. Borouge reported revenue of $5.8 billion and net profit of $1.1 billion.