Borouge starts construction of $70m Abu Dhabi innovation centre

28 April 2010 09:01  [Source: ICIS news]

Borouge starts building Abu Dhabi innovation centreSINGAPORE (ICIS news)-- Borouge has started construction of its $70m (€53m) innovation centre in Abu Dhabi, United Arab Emirates (UAE), the plastics producer said on Wednesday.

The centre would house more than 50 researchers and engineers and focus on innovations for compounding as well plastics solutions for the pipe, automotive and advanced packaging industries, the company said.

Borouge expects the centre to be completed by the end of 2011, it added.

“Through ongoing research and development, we can react to the market needs much quicker,” said Rashed Saud Al Shamsi, chairman of Borouge’s marketing company.

The new centre would also work together with Austrian producer Borealis, as well as with educational institutions such as the Petroleum institute of Abu Dhabi, to further develop the field of polymer science in the UAE, the company said.

The company currently has another innovation centre based at its petrochemical complex in Ruwais, Abu Dhabi, with a new application centre at its manufacturing plant in Shanghai, China, under construction, it added.

Borouge is a joint venture (JV) between Borealis and the Abu Dhabi National Oil Company (ADNOC), a major oil company.

($1 = €0.76)

For more on Borealis visit ICIS company intelligence
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