Borouge awards $169m contract to Hyundai
Final major contract for Borouge 3 in Abu Dhabi awarded to Hyundai.
Borouge, a leading provider of innovative plastics solutions, has awarded a $169million contract to Hyundai Engineering & Construction of South Korea to build a cross-linkable polyethylene (XLPE) unit at its petchem plant in Ruwais, Abu Dhabi.
This is the final major contract to be awarded for the Borouge 3 mega-expansion project already underway in Abu Dhabi. Hyundai Engineering & Construction is also providing the utilities and off-site facilities for the project.
With an annual capacity of 80,000t, the unit is an added-value complement to the low-density polyethylene (LDPE) unit, enabling the manufacture of innovative plastics solutions for low- to high-voltage energy cables.
When fully operational in mid-2014, Borouge 3 will more than double the plant’s annual capacity to 4.5 million tons, and create the largest integrated polyolefins plant in the world.
Together with Borealis, Borouge aims to be the leading reliable long-term supplier of polymers to the global wire and cable infrastructure market.
Borouge is a joint venture between the Abu Dhabi National Oil Company (ADNOC), one of the world's largest oil and gas companies, and Borealis, a leading provider of chemical and innovative plastics solutions.