Abu Dhabi – Mubasher: UAE-based petrochemical company Borouge has awarded the engineering, procurement, and construction (EPC) contract for the development of an additional polypropylene plant (PP5) to Italy’s Tecnimont SPA.
The new plant is planned to be integrated with Borouge 3 complex in Abu Dhabi’s Ruwais, according to a company statement.
The contract value was not released.
"At the heart of the downstream strategy is an AED 165 billion ($45 billion) investment, over the next five years, that will create the world’s largest integrated refining and petrochemicals hub in Ruwais,” director of Adnoc’s downstream directorate Abdulaziz Al-Hajri commented.
Once completed, the novel PP5 will increase Borouge’s total polymer production capacity to around 5 million tonnes annually by 2021.
"Today’s announcement is a significant milestone in the expansion of Borouge’s growth ambition to become the recognized leader in creative plastics solutions that have a positive impact on society today and tomorrow,” Borouge CEO Ahmed Omar Abdulla said.
Borouge is a joint venture (JV) between the Abu Dhabi National Oil Company (Adnoc) and Borealis.
