Borouge awards $169m contract to build new speciality PE unit

27 January 2011 08:58  [Source: ICIS news]

Borouge site in Ruwais, Abu Dhabi, UAE SINGAPORE (ICIS)--Borouge said on Thursday it has awarded a $169m (€123.4m) contract to South Korea’s Hyundai Engineering and Construction for building a 80,000 tonne/year specialty plastics unit in the United Arab Emirates.

The new cross-linkable polyethylene unit would complement Borouge’s low density polyethylene (LDPE) unit at the same site in Ruwais, Abu Dhabi, the Middle East-based polymer producer said in a statement.

The new plant would enable the manufacture of innovative plastics solutions for low-to-high voltage energy cables, the statement said.

This would be the final major contract to be awarded for the Borouge 3 expansion project already underway in Abu Dhabi, according to Borouge.

Hyundai Engineering and Construction would also be providing the utilities and offsite facilities for the project, it added.

The Borouge 3 project would more than double the plant’s current polyolefins capacity to 4.5m tonnes/year once fully-operational in mid-2014, the company said.

Borouge is a joint venture between the Abu Dhabi National Oil Company and chemical and innovative plastics solutions maker Borealis.

($1 = €0.73)

To discuss issues facing the chemical industry go to ICIS connect


By: Nurluqman Suratman



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index