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12/1/2008

Shanghai, December 1st, 2008 Agility, a leading global logistics provider, and Borouge, a leading provider of innovative, value creating plastics solutions, broke ground on November 28th on a new logistics hub in Shanghai that will receive over 600,000 tonnes of polyolefins (polypropylene and polyethylene) annually. These polymers are used in a wide range of applications including extruded pipe, films and packaging, terraforming and fibres, as well as household and white goods.

The 70,000 sq m facility, which will mainly serve the China market, will be completed by 2009 and will be fully operational by May 2010, employing some 120 dedicated Agility staff. The hub will receive the polymer granules in bulk containers directly from the Borouge Middle East gateway situated at Ruwais in Abu Dhabi.

A 30,000 sq m Compound Manufacturing Unit (CMU) will also be built for Borouge on the same site in Shanghai, producing 50,000 tonnes of compounds each year for use in automotive, domestic appliance, power tool and electrical applications.  When completed most of this compounded product will be for customers in the Shanghai area.

Borouge is a joint venture between Abu Dhabi National Oil Company (ADNOC), one of the world’s largest oil and gas companies, and Borealis a leading provider of innovative, value creating plastics solutions. Borouge’s state-of-the-art petrochemical complex is located at Ruwais, Abu Dhabi in the United Arab Emirates.

 The ground breaking ceremony was held on the site in Fengxian with close to 100 attendees from Agility, Borouge, local government officials, and other dignitaries in attendance. Essa Al-Saleh, CEO, Agility Global Integrated Logistics and Ahmed Omar Abdulla, Borouge PTE Board Member and Chairman of Borouge Marketing Projects Steering Committee, led the official ground breaking ceremony.

 "The world manufacturing footprint of the petrochemicals industry is in major change with production in the Middle East expected to more than double by 2015.  This Shanghai platform is an example of how Agility is positioning itself to be a gateway provider both from the Middle East and into Asia and emerging markets," said Philip Browitt, President of the Agility Chemical Specialty business.

 

Commenting on the development, Wolfgang Hollermann, Agility, Chief Executive Officer, Asia Pacific said, “This is all part of our Asia Pacific strategy to grow and diversify our business to different areas.  We are happy to be working with Borouge on such an important project and look forward to success for both sides.”

“Demand for polyolefins is growing as production in the automotive industry in Asia and the white goods sector increases and Agility is investing in developing this sector with Borouge in China, one of the world’s leading petrochemical producers,” said James Gagne, Agility, Chief Executive Officer, Greater China.  

Ends

Picture caption: Essa Al-Saleh, CEO, Agility Global Integrated Logistics at the ground breaking ceremony in Shanghai for New Borouge Logistics Hub & Compound Manufacturing Unit

 

For further information please contact:

Yahya A. Al Marzouqi, Acting Group Communications Manager, Borouge

Tel. +97126070646, Mob. +971506624177, Yahya.almarzouqi@borouge.com

 

 

 

Borouge is a leading provider of innovative, value creating plastics solutions. With a heritage of reliable customer partnership and value creation through innovation, Borouge is a unique company that brings together the very best of Europe and the Middle East.

Established in 1998 as 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 innovative, value creating plastics solutions, Borouge is a groundbreaking international partnership at the forefront of next generation plastics innovation. Borouge’s state-of-the-art petrochemical complex is located at Ruwais, Abu Dhabi in the United Arab Emirates. Together, Borouge and Borealis employ unique Borstar ® technology to produce differentiated products for high-value infrastructure (water, gas and industrial pipe systems, power and communication cables), automotive and advanced packaging.

 

For more information on Borealis and Borouge, a joint venture between Borealis and the Abu Dhabi National Oil Company, visit www.borouge.com .

 

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