The United Arab Emirates’ Borouge signed partnership agreement with French company Technip Energies NV to expand the Borouge 4 polyolefin facility in Ruwais, the Abu Dhabi media office said.
The value of the agreement is AED 5.8 billion (USD 1.57 billion).
The agreement awards one of five Engineering Procurement, Commissioning, and Construction (EPC) contracts to the French company, as part of a consortium with Target Engineering, to expand Borouge, making it the world’s largest single-site polyolefin complex.
The agreement was signed by Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC), and Arnaud Pieton, CEO of Technip, in the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Emmanuel Macron, President of France.
The planned world-scale expansion of the Borouge 4 facility in Ruwais will enable it to supply feedstock to TA’ZIZ Industrial Chemicals Zone, further boost local industrial supply chains, and enhance In-Country Value, statement mentioned.
Related: UAE awards EPC contracts to build $6.2b Borouge expansion
