State-controlled plastics maker aims to produce 4.5 million tons of petrochemicals annually
Abu Dhabi Polymers, the state-controlled plastics maker known as Borouge, is conducting a study to determine marketing and sales efforts once current plant expansions are complete, its chief executive officer said.
The second phase of Borouge’s expansion, including a 1.5 million ton-a-year ethane cracker, is finished and will reach full capacity by the middle of 2011, Abdulaziz Al Hajri said on Monday at an industry event in Abu Dhabi.
The company’s third phase, Borouge 3, is to be built and operating in late 2013. Borouge aims to produce 4.5 million tons of petrochemicals annually, with three ethane crackers, Al Hajri said.
Arabian Gulf oil producers including the UAE, of which Abu Dhabi is the capital, and Saudi Arabia are expanding petrochemicals production to benefit from selling both crude and more valuable refined and derived products.
Borouge, a joint venture between Abu Dhabi National Oil Co and International Petroleum Investment Co's Borealis A/S, receives natural gas supplies from the state producer.
Gas supplies are already allotted for the Borouge 3 project, and the new units will use additional propylene feedstock as it becomes available from an expansion of the Ruwais crude refinery.