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6/7/2010

 

Borouge, a leading provider of innovative plastics solutions, has awarded the contract worth AED 260 million for the construction of its Innovation Centre in Abu Dhabi, UAE, to Associated Construction and Investments Company (ASCON), the civil arm of the successful ETA-ASCON Group.

 

 

The new Innovation Centre, planned for completion by the end of 2011, will house more than 50 international researchers and engineers focusing on developing innovative plastics solutions for the pipe, automotive and advanced packaging industries. The Centre itself will cover approximately 18,000 m2 and the contract includes construction of a training centre for the Gulf Plastics Pipes Academy (GPPA).

 

Focussing on its mission “Value Creation though Innovation”, Borouge’s Innovation Centre will work together with the Innovation Centres of Borealis in Europe and collaborate with local and international educational institutions such as the Petroleum Institute in Abu Dhabi to further develop the competence of polymer sciences in the UAE.

 

Borouge is 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 chemical and innovative plastics solutions.

 

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For further information, please contact:

Craig Halgreen, Vice President, Global Communications, Borouge Tel. +971 2 6070807, craig.halgreen@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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