08 June 2010 19:41 [Source: ICIS news]
Correction: In the ICIS news story headlined “Borouge II and III projects stay on track, says executive" dated 8 June 2010, please read in the fifth paragraph ... end-2013 ... instead of ... end-2011....A corrected story follows.
ABU DHABI (ICIS news)--The Borouge II and Borouge III projects, which were expected to lift the company’s total capacity of polyolefin up to 4.5m tonne/year, have remained on track, a company executive said on Tuesday.
“The Borouge II project is in the middle of starting up as I speak,” said Roy Vardheim, the company’s chief operating officer (COO), during a presentation at an industrial conference in ?xml:namespace>
All complexes in Borouge II at Ruwais,
“The Borouge III project is an evolution of Borouge I and II; it is the ethane-based, innovative polyolefin solutions,” Vardheim added.
He estimated the Borouge III project to be completed by end-2013.
Borouge was a joint venture between oil and gas major Abu Dhabi National Oil Company (ADNOC) and polyolefin’s producer Borealis.
The two-day Middle East Petrochemicals 2010 conference was organised by MEED.
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