Free press releases distribution network?

Agency / Source: Borealis AG

Check Ads Availability|e-mail Article
This article was published free of charge. Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Borouge Awards Three Major EPC Contracts for Borouge 3 Expansion Project Valued at US$ 2.6 Billion - In addition, a contract worth US$ 935 million for the Utilities and Off-site facilities for the expanded plant was awarded to Hyundai Engineering and Construction of South Korea
Borouge Awards Three Major EPC Contracts for Borouge 3 Expansion Project Valued at US$ 2.6 Billion

 

PRTODAY - Newswire & PRZOOM/ - Vienna, Austria, 05/27/2010 - In addition, a contract worth US$ 935 million for the Utilities and Off-site facilities for the expanded plant was awarded to Hyundai Engineering and Construction of South Korea.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Borouge, a joint-venture between the Abu Dhabi National Oil Company (ADNOC), one of the world's major oil companies, and Borealis, a leading provider of chemical and innovative plastics solutions, has awarded three major Engineering, Procurement and Construction (EPC) contracts valued at approximately US$ 2.6 billion for its Borouge 3 expansion project in Ruwais, Abu Dhabi, in the UAE. These significant investments will expand the production capacity of the plant to 4.5 million tonnes per year (t/y) by 2013, making it the largest integrated polyolefins site in the world.

A contract worth US$ 1,255 billion for the construction of two Borstar® enhanced polyethylene and two Borstar® enhanced polypropylene units, as well as a contract worth US$ 400 million for the construction of a 350,000 t/y low density polyethylene (LDPE) unit, was awarded to the Joint Venture consortium Tecnimont of Italy and Samsung Engineering of South Korea, on a lump sum turnkey basis. The annual capacity of the polyethylene units is 1,080,000 t/y and the polypropylene units, 960,000 t/y.

In addition, a contract worth US$ 935 million for the Utilities and Off-site facilities for the expanded plant was awarded to Hyundai Engineering and Construction of South Korea.

These contracts represent an important milestone in the fulfilment of Borouge's growth strategy in the Middle East and Asia. The investment in LDPE production spearheads the Company's ability to manufacture innovative solutions for the global wire and cable market in addition to the pipe, automotive and advanced packaging markets.

Borouge has already awarded a US$1.075 billion contract to Linde Engineering for the construction of the Borouge 3 ethane cracker and the site preparation is being executed by Al Asab General Transportations and Contracting Establishment.

For further information, please contact:
Craig Halgreen, Vice President Global Communications, Borouge
P: +971 2 60 70 807
E: craig.halgreen[.]borouge.com.

Borealis (borealisgroup.com) and Borouge (borouge.com) are leading providers of innovative plastics solutions that create value for society. In addition, Borealis offers a wide range of base chemicals from melamine and plant nutrients to phenol and acetone. With sales of EUR 4.7 billion in 2009, customers in over 120 countries, and 5,200 employees worldwide, Borealis is owned 64% by the International Petroleum Investment Company (IPIC) of Abu Dhabi and 36% by OMV, the leading energy group in the European growth belt. Borealis is headquartered in Vienna, Austria, and has production locations, innovation centers and customer service centers across Europe and the Americas. Through Borouge, a joint venture between Borealis and the Abu Dhabi National Oil Company (ADNOC), one of the world's major oil companies, the company's footprint reaches out to the Middle East, Asia Pacific, the Indian sub-continent and Africa. Established in 1998, Borouge employs approximately 1,400 people, has customers in more than 50 countries and its headquarters are in Abu Dhabi in the UAE and Singapore.

Building on the unique Borstar® technology and their experience in polyolefins of more than 50 years, Borealis and Borouge provide innovative, value creating plastics solutions for the infrastructure (pipe systems and power and communication cables), automotive and advanced packaging markets. In addition, Borealis offers a wide range of base chemicals from melamine and plant nutrients to phenol and acetone.

Today Borealis and Borouge manufacture over 4 million tonnes of polyolefins (polyethylene and polypropylene) per year. Borouge is currently tripling its polyolefins manufacturing capacity to 2 million tonnes per year (t/y) by mid-2010 and an additional 2.5 million t/y is scheduled for 2013. The companies continue to invest to ensure that their customers throughout the value chain, across the globe, can always rely on product quality, consistency and security of supply.

Borouge and Borealis are committed to the principles of Responsible Care® and proactively contribute to addressing the world's water and sanitation challenges through their Water for the World™ (waterfortheworld.net) initiative.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Borealis AG

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRTODAY - Newswire Distribution Service Visibility Checker

 

Distribution / Indexing: [+] [Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing/Robotics articles,
CATCH Visitors via Your Competitors Announcements!


Borouge Awards Three Major EPC Contracts for Borouge 3 Expansion Project Valued at US$ 2.6 Billion

Non-featured company website links are shown on a random basis
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRTODAY - Newswire Distribution Service and LINK as the source.
 
  For more information, please visit:
Links are available on a random basis for non premium members
|
Contact: Kerstin Meckler - BorealisGroup.com 
+43 1 22 400 389 kerstin.meckler[.]borealisgroup.com
 
Newswire Today - PRZOOM disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.

Manufacturing/Robotics via RSS
AddThis press release: Borouge Awards Three Major EPC Contracts for Borouge 3 Expansion Project Valued at US$ 2.6 BillionAdd Manufacturing/Robotics News to My MSNAdd Manufacturing/Robotics News to My Yahoo!Add NewswireToday Manufacturing/Robotics Press Release Headline News to Your Google homepage or Google ReaderAdd NewswireToday - PRZOOM Headline News to FeedBurner

This article was published free of charge. Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read More Articles From Borealis AG / Company Profile



Read Manufacturing/Robotics Most Recent Related Press Releases:

LANXESS Announces Price Adjustment for PA 6.6 Compounds
Rockwell Automation Releases PlantPAx Distributed Control System (DCS)
Dimona WLM1 - Voith and Trützschler Make the Efficient Manufacture of Eco-friendly Nonwovens A Possibility
Voith and Siemens Sign Cooperation Agreement to Offer A Condition Monitoring Solution for the Scharfenberg Coupler
DSM Launches Innovative Fermentation Solution That Improves Ethanol Production
BASF Introduces MasterRoc SLF 50 Soil Lubricating Foam
BASF Names Micro Auto Paint & Supplies Distributor of the Year At 2018 ColorSource Conference
ITT Showcases Innovative Pump, Valve and Monitoring & Control Solutions at ACHEMA
Voith At Electrify Europe 2018 - Reliable and Efficient Product and Service Solutions for the Power Industry
Rockwell Automation Releases An Updated Version of the Allen-Bradley Motion Analyzer Software Tool

Reserve This Permanent SPACE

Your LOGO permanently HERE on PRTODAY - Newswire Distribution Service most visited Page start at $295 per month

 
Sponsored Links


Visit Reverie Language Technologies (P) Ltd

Visit  RightITnow, Inc.

Visit  Limelon Advertising, Co.





Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



 
  ©2014 PRTODAY — Limelon Advertising, Co.
Home | About PRTODAY | Advertise | Contact | Investors | Sitemap | FRANCAIS
newswire, PR free press releases distribution magazines engine news alert newsroom press room breaking news public relations articles company news alerts blogsIt younews.me newswiredistribution ezine younews.asia bizentrepreneur biznewstoday digital business report news market search pr firms pr agencies business reports newswire today distri- bution investor relation successful internet entrepreneur free newswire distribution prtoday freenewswiredistribution.com asianewstoday bizwiretoday newswire pr today
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)