21 July 2010 10:11 [Source: ICIS news]
“They were working to sell from the new plant but it might not be stable yet,” said an olefins trader.
The tender had closed on 17-18 July and was expected to be awarded on a free on board (FOB) Ruwais basis. Adnoc officials were not immediately available for comment.
Adnoc and Austria-based Borealis jointly own Borouge, which recently started up a new 1.5m tonne/year ethane cracker in Ruwais in late June. The facility had achieved commercial operation in the first half of July.
Borouge also operates an existing 600,000 tonne/year ethane cracker at the same site.
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