The ground-breaking ceremony of Borealis and ADNOC USD 6.2 billion Borouge 4 facility at Ruwais, Abu Dhabi attended by Sheikh Hamdan bin Zayed Al Nahyan

The ground-breaking ceremony of Borealis and ADNOC USD 6.2 billion Borouge 4 facility at Ruwais, Abu Dhabi attended by Sheikh Hamdan bin Zayed Al Nahyan

• Sheikh Hamdan bin Zayed praised ADNOC and Borealis as they drive further growth opportunities for Abu Dhabi and the UAE
• Borouge 4 will meet growing customer demand across the Middle East, Africa and Asia and will supply feedstock to TA’ZIZ
• Upon completion, Borouge will be the world’s largest single-site polyolefin complex

(PRESS RELEASE) VIENNA, 11-Feb-2022 — /EuropaWire/ — Borealis, an Austrian chemical company active in the fields of polyolefins, base chemicals and fertilizers, and ADNOC, the state-owned oil company of the United Arab Emirates, have announced that His Highness Sheikh Hamdan bin Zayed Al Nahyan, the Ruler’s Representative in Al Dhafra Region, have attended the ground-breaking ceremony of the USD 6.2 billion fourth Borouge facility, (Borouge 4), at the company’s polyolefin manufacturing complex in Ruwais, Abu Dhabi, United Arab Emirates (UAE).

H.H. Sheikh Hamdan was accompanied by a high-level delegation of dignitaries and senior officials from the Abu Dhabi Government as well as Borouge shareholders, ADNOC and Borealis. H.E. Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, Managing Director and ADNOC Group CEO welcomed His Highness and the delegation to Ruwais where they were briefed on the Borouge 4 expansion project. Borouge 4 will play a significant role in meeting the projected growth of customers’ demand for polyolefins in the Middle East, Africa and Asia as well has providing critical feedstock that will enable the TA’ZIZ Chemicals Industrial Chemicals Zone in Ruwais.

His Highness praised ADNOC and Borealis in their combined efforts to drive further growth for Borouge while underlining the company’s role in advancing the petrochemicals industry to support the UAE’s sustainable economic development and diversification plans.

The expansion of Borouge 4 follows confirmation of the final investment decision in November 2021. The new plant will enable the next phase of growth at the Ruwais Industrial Complex by supplying feedstock to TA’ZIZ, enhancing local industrial supply chains and boosting In-Country Value opportunities. Scheduled to be operational by the end of 2025, the plant will produce 1.4 million tonnes of polyethylene, boosting the company’s total annual polyolefin production to 6.4 million tonnes, making Borouge the world’s largest single-site polyolefin complex.

H.E. Dr. Sultan Al Jaber commented: “We are honoured by the presence of His Highness, Sheikh Hamdan bin Zayed Al Nahyan as we lay the foundation stone of this world-scale project, which marks a major milestone in ADNOC’s downstream and industry expansion. We continue to receive strong interest from international and local investors who want to partner with us in growing and developing our downstream and petrochemical business in Ruwais. Borouge 4 will strengthen our domestic supply chain, while accelerating In-Country Value and boosting the UAE’s economic diversification, in line with the Leadership’s wise directives. In terms of sustainability, a study for a Carbon Capture unit that would reduce CO2 emissions has been initiated as part of the project”.

Thomas Gangl, Borealis CEO, said “Borouge 4 is another milestone in the successful business journey and strategic partnership between Borealis and ADNOC. The new expansion embodies our mutual commitment to continue supporting our customers in the Middle East, Asia and Africa with differentiated polyolefins solutions that cater for their future ambitions in the energy, infrastructure, and advanced packaging industries.”

The Borouge 4 project will utilise Borealis’ proprietary Borstar® technology, to produce a product portfolio focused on durable applications for energy, infrastructure, advanced packaging, and agriculture sectors. The expansion project is also designed to capitalise on ADNOC’s recent initiatives on clean energy, decarbonising its power supply through access to Abu Dhabi’s clean power sources.

Media contact:

Virginia Wieser
Senior Manager, Corporate Communications, Brand & Reputation
+43 1 22 400 772

SOURCE: Borealis AG