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10/19/2008
 
Abu Dhabi, October 19, 2008: Borouge, a leading provider of innovative, value creating plastics solutions, has today signed a service contract with Enpro Supply Chain Management Limited to build the Borouge Guangzhou Logistics Hub in the Nansha area of Guangzhou, China. The contract ensures local logistics services for Borouge’s customers in Asia for ten years with effect of the start up date of Borouge 2 in 2010.
 
Enpro will undertake the design, development and subsequent operation of the logistics hub, in  order to ensure sufficient infrastructure, storage facilities, packaging and distribution services. This long term partnership fully supports Borouge’s future supply chain strategy. Enpro will handle and distribute a total volume of approximately a 246000 tonnes of value added polyolefins annually through the Guangzhou Logistics Hub.
 
The signing ceremony was attended by Mr. Rashed Saud Al Shamsi, ADNOC’s Petrochemicals Director and Chairman of the Board of Directors of Borouge Pte, and Mr. Henry Sperle, Executive Vice President, Middle East & Asia, Borealis.
 
The ceremony was also attended by the People’s Republic of China Ambassador to the UAE, His Excellency Gao Yusheng, together with a delegation of high ranked Officials from the Nansha District Government, lead by Mr. Tang Hanghao, Vice Secretary General of the Guangzhou Municipal Government, Mr. Li Yao Xin, Chairman of Enpro, Mr. Zhuang Ruijin, the Economic & Commercial Counselor as well as other representatives from both parties.
 
Abdulaziz Alhajri, Chief Executive Officer of Abu Dhabi Polymers the manufacturing Company of Borouge emphasized that “The Guangzhou logistics hub is one of several regional logistics hubs that will provide storage and logistics support for our operations close to our customers. It will enable us to provide a fast, flexible delivery service to our customers. Enpro comes to us with a well thought logistics plan backed up by a strong local knowledge of the Guangzhou area and the China market as a whole. Hence, we had no hesitation to select them as a partner in this endeavor.
 
Sheung T. Poon, Director and General Manager of Enpro stated: “At Enpro we provide local solutions for global scale projects and requirements. For the Borouge Guangzhou Logistics Hub, we combined our chemical logistics experience and local knowledge to provide the required services”.
 
Borouge’s current production capacity in the UAE is 600,000 tonnes of Borstar® polyethylene per year. With the ongoing Borouge 2 project expansion, this capacity will increase to 2 million tonnes per year by the middle of 2010 and will add polypropylene to the product mix. Construction of the Borouge 2 facility has already started and consists of a 1.5 million tonnes ethane cracker, the world’s largest olefins conversion unit (with a capacity of 750,000 tonnes), two Borstar® polypropylene plants with a total capacity of 800,000 tonnes and a 540,000 tonnes Borstar® polyethylene plant.
 
About Borouge
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 Borouge, please visit www.borouge.com
 
About Enpro
Enpro is jointly owned by Guangdong Foreign Trade Group Corp. (GFTG) and Grand Dragon Holdings Ltd. (GDH).  The joint venture company, backed up by the rich resources of GFTG and logistics knowhow and international network of GDH, aims at becoming a preferred provider of third party logistics services in China especially in the Pearl River Delta area. Guangdong Foreign Trade Group Corp., with annual revenue of US$ 3.1 billion was formed in 2000 with the merger of a number of leading state owned trade corporations in Guangdong. Current business scope includes trading, manufacturing, procurement management, bunkering, constructions and logistics services.  Grand Dragon Holdings Ltd. with annual revenue of over US$55 million is a conglomerate of logistics and transportation services provider. Business scope includes supply chain management, freight forwarding, NVOCC, coastal feeders, trucking, warehousing and container storage & Maintenance and Repair.

For more information about Enpro, visit www.granddragonnet.com

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