Borouge awards contracts for expansion project

摘要

Borouge, Singapore, has awarded contracts valued at approximately 3 billion US dollars for Borouge 2, the major expansion project at the company's production facilities in Ruwais, Abu Dhabi in the United Arab Emirates. The first contract, worth approximately 1,855 billion US dollars, was awarded on a lump sum turnkey basis to Tecnimont SpA, Italy. This contract will see the development of two Borstar polypropylene plants with a combined annual capacity of 800,000 tons, and a new Borstar Enhanced PE plant with an annual capacity of 540,000 tons, to complement the existing 600,000 tons per year unit. Preliminary work on the polyolefins unit will begin immediately and is scheduled to be completed in 2010. The second contract, for an estimated value of 1,234 billion US dollars, is with Tecnicas Reunidas SA, Spain, and was awarded on a convertible lump sum basis.