Samsung Engineering wins $300m Borouge contract

13 June 2007 10:02  [Source: ICIS news]

SINGAPORE (ICIS news)--Borouge, a 40:60 joint venture between Borealis and the Abu Dhabi National Oil Company (Adnoc), has awarded a $300m (€225m) contract to Samsung Engineering to build an olefins conversion unit.

 

The proposed unit at Ruwais, Abu Dhabi, United Arab Emirates, will use ABB Lummus’ technology which produces 752,000 tonnes/year of propylene and 39,000 tonnes/year of butane-1.

 

Work on the unit will start on 25 July and it was scheduled to be completed by mid-2010.

 

Its propylene will feed two new polypropylene (PP) plants with a combined capacity of 800,000 tonnes/year.

 

Other units under the Borouge 2 project include a 1.5m tonnes/year ethane cracker and a 540,000 tonne/year polyethylene (PE) plant.

 

Borouge has signed a $1.3bn contract with Linde for the construction of the cracker and a $1.8bn contract with Tecnimont for the polyolefins units.

 

It also concluded a contract worth about $1.2bn with Tecnicas Reunidas to construct the offsite and utility facilities.

 

($1=€0.75)

By: Florence Tan
+65 6780 4359

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