02 July 2009 12:15 [Source: ICIS news]
LONDON (ICIS news)--United Arab Emirates (UAE) based Borouge has awarded a $1.075bn (€757m) contract for the construction of a 1.5m tonne/year ethane cracker at Ruwais, Abu Dhabi, to German engineering firm Linde, the two companies said on Thursday.
The contract will be executed on a 'lump sum turnkey' basis whereby the construction work would be executed by the Consolidated Contractors Company (CCC), the companies said in a joint statement.
The new cracker would complement the company’s 600,000 tonne/year and 1.5m tonne/year ethane crackers, the latter of which is currently under construction as part of the plant's expansion to 2m tonnes/year from 600,000 tonnes/year of polyolefins by mid-2010, and ultimately 4.5m tonnes/year of polyolefins by 2013.
After completion of the new cracker, Borouge would have the world's largest ethane cracker complex, setting a new benchmark for the industry, said the company.
"The awarding of this contract confirms Borouge's commitment to the Borouge 3 project, a major expansion of our production facility in Ruwais, which will increase the total capacity of the plant to 4.5m tonnes of polyolefins annually by the end of 2013," said Abdulaziz Alhajri, CEO of Abu Dhabi Polymers Company (Borouge).
He added that the expansion would also include the construction of second generation Borstar polypropylene (PP) and polyethylene (PE) units, a low density polyethylene (LDPE) unit and a butene unit, as well as related off-site utilities and marine facilities.
"Nowhere else in the world has a petrochemical company installed so much olefins capacity in such a short time as Borouge is currently doing in ?xml:namespace>
($1 = €0.71)
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