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6/3/2010

Borouge and Borealis, leading providers of innovative, value creating plastics solutions for the wire and cable industry, are reliable partners for growth following Borealis’ completion of an over EUR 400 million investment at its plant in Stenungsund, Sweden. A new 350,000 tonnes per year (t/y) high pressure LDPE plant along with modernised compounding and material-handling facilities was officially inaugurated on June 2, 2010, increasing total capacity at the plant from 580.000 t/y to 700.000 t/y.

 

 

The capacity expansion in Europe builds on Borealis’ existing technology platform and demonstrates its commitment to high quality, well-known brands such as Supercure™ and Visico™.

 

“Consistency, homogeneity and cleanliness are key determinants in enabling the reliable production of quality high voltage cables,” commented Borealis Chief Executive Mark Garrett at the inauguration of the plant. “To that end, we have focused the entire Stenungsund expansion and Borealis process to ensure we deliver the high purity, value-adding market applications of the future and consolidate our leadership in the demanding wire and cable market segments.”

 

The expansion by Borealis makes Stenungsund a leading world-scale polyethylene facility for advanced infrastructure applications and is a continuation of a EUR 42 million cross-linkable polyethylene (XLPE) capacity upgrade already taken on stream during 2007. This new investment will, in addition, enable Borealis to maximise the flexible feedstock – olefin – polyolefin integration. Old polyethylene capacity of 230.000 t/y will be gradually phased out during 2010.

 

Borouge recently signed an Engineering, Procurement and Construction (EPC) contract for the construction of a 350,000 t/y LDPE unit in Ruwais, Abu Dhabi, as part of its Borouge 3 project. This investment in LDPE production planned for the end of 2013 spearheads Borouge’s ability to also manufacture innovative solutions for the global wire and cable market.

 

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For further information, please contact:

 

Craig Halgreen, Vice President, Global Communications, Borouge

Tel. +971 2 6070807, craig.halgreen@borouge.com

Katinka Brodahl, Trade Media Relations, Borouge

Tel. +65 63114252, katinka.brodahl@borouge.com

 

About Borouge

Borouge is a leading provider of innovative, value creating plastics solutions. A joint venture between the Abu Dhabi National Oil Company (ADNOC), one of the world’s major oil companies, and Austrian based Borealis, a leading provider of chemical and plastics solutions, the company’s footprint reaches across the Middle East, Asia Pacific, the Indian sub-continent and Africa. Established in 1998, Borouge employs approximately 1,400 people, has customers in 50 countries and its headquarters are in Abu Dhabi in the UAE and Singapore.

Building on the unique Borstar® technology and their experience in polyolefins for more than 50 years, Borealis and Borouge provide innovative, value creating plastics solutions for the infrastructure (pipe systems, and power and communication cables), automotive and advanced packaging markets.

Today Borealis and Borouge manufacture 4 million tonnes of polyolefins (polyethylene and polypropylene) per year. Borouge is currently tripling its polyolefins manufacturing capacity to 2 million tonnes per year (t/y) by mid-2010 and an additional 2.5 million t/y is scheduled for 2013. The companies continue to invest to ensure that their customers throughout the value chain, across the globe, can always rely on product quality, consistency and security of supply.

Borouge and Borealis are committed to the principles of Responsible Care® and proactively contribute to addressing the world’s water and sanitation challenges through their Water for the World™ initiative.

 

Learn more about

Borouge at www.borouge.com

Borealis at www.borealisgroup.com

Water for the World at www.waterfortheworld.net

Borstar is a trademark of Borealis A/S. Shaping the Future with Plastics is a trademark of Borealis A/S.

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