19 March 2008 10:57 [Source: ICIS news]
LONDON (ICIS news)--Abu Dhabi’s International Petroleum Investment Co has signed an agreement with Borealis and the Abu Dhabi Investment Council to build a large-scale integrated olefins and aromatics complex in the Middle East emirate, the companies said on Wednesday.?xml:namespace>
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“Upon completion of the first phase, expected in 2013, the complex will be the largest and most integrated of its kind in the world,” said Austria-based plastics group Borealis.
Borealis is already involved in large-scale production in the United Arab Emirates (UAE), owning 40% of the Borouge cracker complex in a joint venture with Abu Dhabi National Oil Co (ADNOC). A further 2.1m tonnes of polyolefins capacity due on stream in 2010 is being added to that venture.
"Borealis is pleased to be part of this new initiative in
"We are already contributing to the growth of
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