27 January 2011 08:58 [Source: ICIS news]
SINGAPORE (ICIS)--Borouge said on Thursday it has awarded a $169m (€123.4m) contract to ?xml:namespace>
The new cross-linkable polyethylene unit would complement Borouge’s low density polyethylene (LDPE) unit at the same site in Ruwais,
The new plant would enable the manufacture of innovative plastics solutions for low-to-high voltage energy cables, the statement said.
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)
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