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(plastemart) -- Borouge has formally
signed three major Engineering, Procurement and Construction (EPC) contracts
valued at approximately US$2.6 bln for its Borouge 3 strategic expansion in
Ruwais, Abu Dhabi. The contracts were signed between Borouge and Tecnimont,
Samsung Engineering, and Hyundai Engineering and Construction. The first
contract worth US$1255 bln for the construction of two Borstar enhanced polyethylene and two Borstar enhanced polypropylene units, as well as the second contract
worth US$400 mln for the construction of a 350,000 tpa low
density polyethylene (LDPE) unit, were signed with the Joint Venture
consortium Maire Tecnimont of Italy and Samsung Engineering of South Korea, on a
lump sum turnkey basis. The annual capacity of the new polyethylene units is 1,080,000 tpa and the new polypropylene units is 960,000 tpa. A third contract
worth US$935 mln for the utilities and off-site facilities for the expanded
plant were signed with Hyundai Engineering and Construction of South Korea.
These significant investments will quadruple Borouge's production capacity to
over 4.5 mln tpa 2013, making it the largest integrated polyolefins site in the
world.
mrcplast.com |
