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News

Official inauguration and ISO certification of the Borealis Borouge petrochemical complex

Borealis A/S : 07 November, 2002  (New Product)
On October 30, 2002, the USD 1.2 billion Borouge petrochemical complex in Ruwais in the United Arab Emirates was officially inaugurated. The day before Det Norske Veritas presented the ISO 9001:2000 certification to Borouge, who achieved the certificate in only nine months as one of the fastest companies.
The complex is the first major downstream petrochemical investment in the United Arab Emirates. Borouge is also the first company in the Middle East to implement Borealis' proprietary Borstar bimodal polymerisation technology, increasing the worldwide Borstar capacity to 1.3 million tonnes.

The new plant comprises a 600,000 tonnes per year ethylene cracker and two Borstar bimodal polyethylene lines, which can produce up to 450,000 tonnes per year of high-, medium- and linear low-density polyethylene. The Ruwais plant will serve the flexible- and rigid-packaging, wire and cable as well as the pipe industries.

'Borouge is now ideally positioned to supply customers in Asia Pacific and the Middle East with high performance Borstar polyolefins”, says John Taylor, Borealis' Chief Executive. ”We aim to secure a significant share of these rapidly growing markets.'

According to John Taylor, 'The partnership between Borouge, ADNOC and Borealis combines the strengths of all three companies to form a winning team. Additionally, we compliment Borouge and its people for the noteworthy achievement of completing the Ruwais project within budget and on schedule, and for demonstrating excellent performance in safety, operations and product quality.'

'With the Borouge joint venture we have established a significant presence in the Middle East and Asia as part of our strategy of becoming a leading, profitable integrated polyolefins supplier.'

Borouge was established in May 1998 as a joint venture between two well-established corporations – the government-owned Abu Dhabi National Oil Company (ADNOC) and Borealis A/S, one of Europe’s leading producers of polyolefins.

Borouge is made up of two separate companies with integrated operations. The production company Abu Dhabi Polymers Company Limited (Borouge) is based in the U.A.E. and owned by ADNOC (60%) and Borealis (40%). The marketing company, Borouge Pte Ltd in Singapore, is a 50-50 joint venture and oversees the distribution of its own as well as Borealis’ entire product ranges in the Middle East and Asia Pacific. For more information, please visit www.borouge.com.

ADNOC, one of the world’s leading oil companies, is guided by the Supreme Petroleum Council, which is responsible for formulating Abu Dhabi’s petroleum policy, and overseeing its oil and gas operations and related industries. Established in 1971, ADNOC today has major shareholdings in 17 ventures, which form the ADNOC group of companies, in addition to its own concession and operations. ADNOC has also expanded its business to include petrochemicals. For more information, please visit www.adnoc.com.

Borealis is a leading integrated supplier of high-quality polyolefin plastics – polyethylene and polypropylene – with an annual output of more than 3.5 million tonnes. The company’s head office is in Denmark, and the Group has manufacturing and compounding facilities in Europe, Brazil and the USA.

Borealis is owned 50% by the Norwegian oil company, Statoil; 25% by OMV, the Austrian oil and gas group; and 25% by IPIC, the International Petroleum Investment Company of Abu Dhabi.

Borealis’ technology for leadership in PE and PP performance is marketed under the trademark Borstar.
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