27 May 2010 16:59 [Source: ICIS news]
LONDON (ICIS news)--Three engineering, procurement and construction (EPC) contracts for the Borouge III expansion, including those for the major polyolefins plants, worth a total of $2.6bn (€2.1bn), have been awarded, the Borealis/ADNOC (Abu Dhabi National Oil Company) joint venture said on Thursday.
A Tecnimont/Samsung Engineering consortium has won the $1.255bn contracts for two polyethylene (PE) and two polypropylene (PP) units and the $400m contract for a 350,000 tonne/year low density polyethylene (LDPE) unit, it said. The contracts were awarded on a lump sum turnkey basis.
The two linear low density (LLD)/high density (HD) PE units will have capacities of 540,000 tonnes/year each. The two PP plants will have capacities of 480,000 tonnes/year each. All will use the Borealis Borstar technology.
The LDPE unit will use LyondellBasell’s Lupotech T process “associated with” Borealis’s LDPE W&C (Wire and Cable) process, Tecnimont said,
Borouge said also that it had awarded a $935m contract for utilities and off-site facilities for the project expansion at Ruwais in ?xml:namespace>
Borouge said it was currently tripling its polyolefins capacity at Ruwais to 2m tonnes/year with an on-stream date for the Borouge II facilities of mid-2010. The additional 2.5m tonnes/year of polyolefins capacity is planned to be on-stream in 2013.
Tecnimont was the main contractor for the polyolefins unit for Borouge I, completed in 2001 and in 2007 was awarded the contracts for the polyolefins unit for Borouge II as well as for a de-bottlenecking project. It completed the front end engineering and design (FEED) contract for Borouge III at the start of this year.
($1 = €0.82)
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