Products
Downloads
Locations / Sites
Contacts
Download list
Back to News

New Chemicals Industrial City planned for Abu Dhabi

The International Petroleum Investment Company (Abu Dhabi, U.A.E) and Borealis AG have signed a memorandum of understanding along with Abu Dhabi Investment Council to prepare jointly for the first phase of the development of a planned new Chemicals Industrial City to be located in Abu Dhabi, the United Arab Emirates.

The multi-billion-dollar project comprises a world-scale naphtha cracker, downstream propylene and ethylene derivatives; a world-scale reformer, xylene, benzene, cumene, phenol and derivatives units. Upon completion of the first phase, expected in 2013, the complex will be the largest and most integrated of its kind in the world, supporting the Abu Dhabi government's strategy of diversifying its economy. The output from the planned complex will also offer a wealth of new opportunities for further development of the downstream industries in the country.

"This new development brings together three committed partners to achieve a step change in Abu Dhabi's participation in the Chemical industry as a testimony of unprecedented growth for the economies of the Middle East in general and for the economy of the United Arab Emirates in particular," comments Mr. Khadem Al Qubaisi, Managing Director of IPIC and Vice Chairman of Board, Borealis. "With this exciting new venture, we will become an industry model for chemical integration while helping support the goals of the Abu Dhabi government to diversify its economy."

"Borealis is pleased to be part of this new initiative in Abu Dhabi as it fits very well into our strategy to develop our base chemicals business significantly," says Mark Garrett, Chief Executive of Borealis. "We are already contributing to the growth of Abu Dhabi and we look forward to participating in this major milestone in the regional and global chemical and petrochemical landscape."

END

For further information, please contact:

Kerstin Meckler, Borealis Group Media Relations Manager
Tel. +43 122 400 389
Email: kerstin.meckler@borealisgroup.com

Mohamed Al Shelbi, IPIC Administration Manager
Tel. +971 2 6336 555,
Email: mshebli@ipic.ae

Downloads
New Chemicals Industrial City planned for Abu Dhabi English, Dutch, Finnish, Swedish
Media Contact
Virginia Mesicek
External Communications Manager

Related News

Media Release – 02/08/2018

Borealis records a strong first half year despite an ongoing challenging fertilizer market environment

Read more

Media Release – 30/07/2018

Borealis realises ambitious energy targets by cutting 5,000 tons of CO2 emissions every five days with the help of DNV GL

Read more

Media Release – 17/07/2018

Borealis to acquire Austrian plastics recycling company Ecoplast Kunststoffrecycling GmbH

Read more

News – 03/07/2018

Industry comes together at EREMA Discovery Days 2018: The Future of the Circular Economy – Innovative Technologies, Effective Strategies

Read more

Media Release – 28/06/2018

Borealis and Henkel cooperation produces plastic bottle and nozzle composed 100% of post-consumer recycled material

Read more

News – 21/06/2018

Henkel, APK, Borealis and Mondi are driving the circular economy of sustainable, flexible multilayer packaging

Read more

News – 19/06/2018

Borealis Innovation Award 2018 honouring the best diploma theses of TGM, school of technology Vienna

Read more

Media Release – 07/06/2018

Borealis and Borouge launch solar encapsulant film based on Borealis Quentys™

Read more

News – 29/05/2018

Polymers for Europe Alliance honors Borealis as best European polymer producer of HDPE and LDPE

Read more