UAE's Borouge signs deal to build new packaging facility

02 June 2014 09:42 Source:ICIS News

SINGAPORE (ICIS)--United Arab Emirates-based (UAE) polyolefins maker Borouge said on Monday it has signed a contract with Abu Dhabi Terminals (ADT) to design, construct and operate a 385,000 tonnes packaging facility for Borouge’s export products at Khalifa Port.

ADT is the manager and operator of Khalifa Port Container Terminal, which is the “primary UAE gateway for Borouge’s products to their customers around the world”, Borouge said in a statement.

Financial details for the contract were not disclosed.

The new packaging facility is expected to be completed in early 2015, it added.

Borouge produces 2m tonnes/year of polyolefins at its petrochemical plants in Ruwais, the UAE, and is currently expanding its industrial complex that will result in increasing its total production capacity to 4.5m tonnes/year in 2014.

By Nurluqman Suratman