Borouge: $2.6-billion contracts for Borouge 3

Borouge (Abu Dhabi, UAE; wwwborouge.com), a joint-venture (JV) between the Abu Dhabi National Oil Co. and Borealis (Vienna, Austria; www borealisgroup.com), formally signed three major engineering, procurement and construction (EPC) contracts valued at approximately $2.6 billion for its Borouge 3 strategic expansion in Ruwais, Abu Dhabi, in the UAE. The first contract worth $1,255 billion for the construction of two Borstar enhanced polyethylene (PE) and two Borstar enhanced polypropylene (PP) units, as well as the second contract worth $400 million for the construction of a 350,000 metric tons per year (m.t./yr) low density polyethylene (LDPE) unit, were signed with the JV consortium Maire Tecnimont of Italy and Samsung Engineering of South Korea, on a lump sum turnkey basis. The annual capacity of the new PE units is 1,080,000 m.t./yr and the new PP units is 960,000 m.t./yr. A third contract worth $935 million for the utilities and off-site facilities for the expanded plant were signed with Hyundai Engineering and Construction of South Korea. “Signing these contracts represents an important milestone in the fulfilment of Borouge’s growth strategy in the Middle East and Asia. In addition to the pipe, automotive and advanced…