Downloads
Locations / Sites
Contacts
Download list
Back

Borouge signs major contracts valued at US$ 2.6 billion to advance its strategic Borouge 3 expansion

Contracts valued at US$ 2.6 billion contracts signed today to construct Borouge 3 polyolefins units and utilities & off-site facilities in Abu Dhabi, UAE

Borouge, a joint-venture between the Abu Dhabi National Oil Company (ADNOC), one of the world's major oil companies, and Borealis, a leading provider of chemical and innovative plastics solutions, formally signed three major Engineering, Procurement and Construction (EPC) contracts valued at approximately US$ 2.6 billion for its Borouge 3 strategic expansion in Ruwais, Abu Dhabi, in the UAE.

The signing ceremony took place at the Sheikh Khalifa Energy Complex in Abu Dhabi in the presence of dignitaries from the UAE, South Korea and Italy. The contracts were signed by Abdulaziz Alhajri, CEO of Abu Dhabi Polymers Company (Borouge), Roberto Bertocco, Managing Director of Tecnimont, Kiseok Park, CEO and President of Samsung Engineering, and Jung Kyum Kim, President and CEO of Hyundai Engineering and Construction.

The first contract worth US$ 1,255 billion for the construction of two Borstar® enhanced polyethylene and two Borstar® enhanced polypropylene units, as well as the second contract worth US$ 400 million for the construction of a 350,000 tonnes per year (t/y) low density polyethylene (LDPE) unit, were signed with the Joint Venture consortium Maire Tecnimont of Italy and Samsung Engineering of South Korea, on a lump sum turnkey basis. The annual capacity of the new polyethylene units is 1,080,000 t/y and the new polypropylene units is 960,000 t/y.

A third contract worth US$ 935 million for the utilities and off-site facilities for the expanded plant were signed with Hyundai Engineering and Construction of South Korea.

“Signing these contracts represents an important milestone in the fulfilment of Borouge’s growth strategy in the Middle East and Asia. In addition to the pipe, automotive and advanced packaging markets that we serve today, our investment in low-density polyethylene production will spearhead our ability to manufacture innovative solutions for the global wire and cable market.” said Abdulaziz Alhajri, CEO of Abu Dhabi Polymers Company (Borouge) at the signing.

Borouge has previously awarded a US$1.075 billion contract to Linde Engineering for the construction of the Borouge 3 ethane cracker, while Al Asab General Transportations and Contracting Establishment of Abu Dhabi are executing the Borouge 3 site preparation.

These significant investments will quadruple Borouge’s production capacity to over 4.5 million tonnes per year by 2013, making it the largest integrated polyolefins site in the world. 

END

For further information, please contact:

Borealis: Kerstin Meckler, Communications Director, 
Tel. +43 122 400 389
Email: kerstin.meckler@borealisgroup.com

Borouge: Craig Halgreen, Vice President, Global Communications, Borouge
Tel. +971 2 6070807
Email: craig.halgreen@borouge.com 

Downloads
Borouge signs major contracts valued at US$ 2.6 billion to advance its strategic Borouge 3 expansion English
Media Contact
Virginia Mesicek
External Communications Manager

Related News

Media Release – 16/04/2018

Bringing energy all around at WIRE 2018

Read more

Media Release – 09/04/2018

Borealis to study feasibility of an Advanced High Pressure based Polymer asset in China

Read more

Media Release – 06/04/2018

Borealis Supervisory Board announces the appointment of Alfred Stern as new CEO following on from their highly regarded CEO, Mark Garrett, who has decided to step down

Read more

Media Release – 26/03/2018

Borealis and UCC sign Joint Development Agreement in Abu Dhabi for advancing world-scale polyethylene project during the visit of the President of Kazakhstan with the Crown Prince of Abu Dhabi

Read more

Media Release – 21/03/2018

Borealis inaugurated newly expanded high voltage testing centre in Stenungsund, Sweden

Read more

News – 09/03/2018

Annual Report 2017 out now

Read more

Media Release – 08/03/2018

Be a STaR, live chemistry!

Read more

Media Release – 07/03/2018

Rethinking automotive design with lightweight material solutions based on Borealis Fibremod™ Carbon and Daploy™

Read more

Media Release – 19/02/2018

U.S.: Total, Borealis and NOVA Chemicals sign definitive agreements to form a joint venture in petrochemicals

Read more