Abu Dhabi’s Borouge joint venture groups Adnoc (60%) with Austria’s Borealis - UAE state investment firm Mubadala in turn owns 25% of Borealis – and operates a number of petrochemicals plants at the emirate’s Ruwais downstream hub. Borealis CEO Alfred Stern told the firm’s Q4 results on 4 February that the firm’s “sales figure more than doubled over the last decade, primarily due to the expansion of Borouge, which is a true success story of the long-term partnership with Adnoc. The joint venture has successfully combined the leading edge Borstar technology, with competitive feedstock and access to the Asian growth markets.”
Borouge itself realized record sales volumes of 4.4mn tons in 2020, and is expanding its facilities. Front-end engineering design (FEED) on Borouge-4 is being undertaken by Maire Tecnimont and Borealis says work is 90% complete. Key engineering awards are due to be made this year (MEES, 20 November 2020). Borouge-4 will be centered on a 1.8mn t/y mixed feed cracker and a 1.5mn t/y aromatics plant. (CONTINUED - 166 WORDS)