Borouge, a leading UAE-based provider of plastics solutions, has announced the awarding of a contract worth $169m to Hyundai Engineering and Construction of South Korea to build a cross-linkable polyethylene (XLPE) unit at its petrochemical plant in Ruwais, Abu Dhabi.
The company said that with an annual capacity of 80,000 tonnes, the unit will be an added-value complement to its low density polyethylene (LDPE) unit, enabling the manufacture of innovative plastics solutions for low to high voltage energy cables.
In addition, it was confirmed that this is the final major contract to be awarded for the Borouge 3 mega-expansion project already underway in Abu Dhabi in the UAE.
"When fully operational in mid-2014, Borouge 3 will more than double the plant's annual capacity to 4.5 million tonnes and create the largest integrated polyolefins plant in the world," said the company.
"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.