29 November 2012 16:09 [Source: ICIS news]
Correction: In the story headlined “GPCA ’12: Borouge set to expand Shanghai PP compounding capacity” dated 29 November 2012, please read in the first paragraph …by the end of 2014 …instead of …by the end of 2013. A corrected story follows.
DUBAI (ICIS)--Borouge is looking to double the capacity of its 50,000 tonne/year polypropylene (PP) compounding plant in Shanghai by the end of 2014, pending approvals, a senior official at the plastics company said on Thursday.
“Basic engineering work on the expansion has been completed, and we’re in the FEED [front end engineering and design] phase,” said Wim Roels, CEO of Borouge Marketing and Sales, on the sidelines of the 7th Gulf Petrochemicals & Chemicals Association (GPCA) forum.
Once this phase is over, the project would need to obtain approvals from the company board and the Chinese government, he said.
Borouge’s plan to set up a second PP compounding plant in Guangzhou, southern China, has been delayed, however, because of the slowdown in the country’s automotive market, Roels said: “We will look at the project again when the market bounces back.”
Borouge is a joint venture between state-owned Abu Dhabi National Oil Company (Adnoc) and Austria’s Borealis.
The GPCA forum in Dubai runs from 27-29 November.
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