Borouge Pte Ltd and the Abu Dhabi Seaport Authority signed a memorandum of understanding, paving the way for the regioneading polyethylene producer to use Mina Zayed and Mussafah ports for its export and import activities.
Borouge Pte Ltd and the Abu Dhabi Seaport Authority recently signed a memorandum of understanding, paving the way for the region’s leading polyethylene producer to use Mina Zayed and Mussafah ports for its export and import activities.
The agreement was signed by Sheikh Saeed bin Zayed Al Nahyan, Chairman of the Abu Dhabi Seaport Authority and Yousuf Omeir bin Yousuf, Chairman of the Board of Abu Dhabi Polymers Company Limited (Borouge) on 20 May 2001.
The landmark agreement is part of a long-term strategy of cooperation between the two parties that could see the provision of world-class facilities including warehousing and logistics. Borouge expects the agreement to result in more efficient handling and distribution of polyethylene to its customers in the region.
Polyethylene produced in its US$1.2 billion Borstar plant in Ruwais will be marketed primarily to the pipe, packaging and moulding industries in the Middle East and Asia Pacific. The plant is the first significant downstream investment in the United Arab Emirates and the first in the region to incorporate Borstar bimodal polymerisation technology.
The company, which commences production in late 2001, is also planning to introduce a new logistics system that will substantially reduce delivery and operational costs.