Borouge, a leading provider of innovative plastics solutions, and The Linde Group, a world leading gases and engineering company, have formally signed a US$ 1.075 billion contract for the construction of a 1.5 million tonnes per year (t/y) ethane cracker at Borouge's production site in Ruwais, Abu Dhabi, in the UAE.
The signing ceremony took place at the Emirates Palace in Abu Dhabi in the presence of H.H. General Sheikh Mohammed bin Zayed bin Sultan Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and the Chancellor of the Federal Republic of Germany, Angela Merkel. The contract was signed by Abdulaziz Alhajri, CEO of Abu Dhabi Polymers (Borouge) and Professor Wolfgang Reitzle, Chief Executive Officer of Linde Group.
The new cracker, the third of its kind to be built by The Linde Group for Borouge in one decade, complements the existing 600,000 t/y and planned 1.5 million t/y ethane crackers at the plant. After completion of the new cracker, Borouge will have the world's largest ethane cracker complex, setting a new benchmark for the industry.
This investment is a major milestone in the Company's growth strategy in the infrastructure, automotive and advanced packaging markets in the Middle East and Asia, and an important step in the development of the Abu Dhabi petrochemicals landscape.
Borouge is a joint venture between the Abu Dhabi National Oil Company (ADNOC), one of the world's largest oil and gas companies, and Borealis, a leading provider of chemical and innovative plastics solutions.
Borouge is a leading provider of innovative, value creating plastics solutions. A joint venture between the Abu Dhabi National Oil Company (ADNOC), one of the world's major oil companies, and Austrian based Borealis, a leading provider of chemical and plastics solutions, the company's footprint reaches across the Middle East, Asia Pacific, the Indian sub-continent and Africa. Established in 1998, Borouge employs approximately 1,400 people, has customers in 50 countries and its headquarters are in Abu Dhabi in the UAE and Singapore.
Building on the unique Borstar technology and their experience in polyolefins for more than 50 years, Borealis and Borouge provide plastics solutions for the infrastructure (pipe systems, and power and communication cables), automotive and advanced packaging markets. Today Borealis and Borouge manufacture 4 million tonnes of polyolefins (polyethylene and polypropylene) per year. Borouge is currently tripling its polyolefins manufacturing capacity to 2 million tonnes per year (t/y) by mid-2010 and an additional 2.5 million t/y is scheduled for 2013.
