Abu Dhabi-based Borouge, a leading provider of innovative plastics solutions, plans to invest up to $4.5 billion in its ambitious plant expansion project, which once operational will help boost its production capacity by 700 per cent in the next four years, said a senior official.
Once the project gets completed by mid-2014, Borouge will have the world’s largest integrated single-site polyolefins plant in the world, remarked Hussain Sultan Lootah, the senior VP Middle East and Africa at Borouge.
Lootah said the company will expand its production capacity under the “Borouge 3” project to reach 4.5 million tonnes by the end of 2013. “This robust business growth represents broad customer recognition of our technology leadership and the value we create to their businesses.”
"Borouge had recorded annual sales of $3 billion in 2011 and by the end of next year, we expect a 700 per cent growth in production capacity," he added.
Borouge has more than 1,700 employees, including over 650 UAE Nationals, serving customers in over 50 countries.
Lootah said: “Our Marketing & Sales Company is based in Singapore and we have 10 sales offices in strategic locations including Abu Dhabi, Singapore, Hong Kong, Shanghai, Beijing, Mumbai, Beirut, Guangzhou, New Zealand and Australia, and sales agents in Egypt, Pakistan, Nepal, Iran, Taiwan, Thailand, Kenya, Korea, Bangladesh and Vietnam.”
On its international activities, Lootah said, “Our $60 million compounding manufacturing plant in Shanghai, which was completed in 2010, is providing compounded resins for the growing automotive and appliance industries in China with a total capacity of 50,000 t/y and a planned expansion to 90,000 t/y.”
Borouge also owns three logistics hubs in Shanghai (600,000 t/y), Guangzhou (246,000 t/y) and Singapore (330,000 t/y).
A joint venture between the Abu Dhabi National Oil Company (Adnoc) and Austria based Borealis, a leading provider of chemical and innovative plastics solutions, Borouge is a groundbreaking international partnership at the forefront of the next generation of plastics innovation.
ifpinfo
7 January