- Borouge strengthens its global presence and market reach by capitalising on end-market opportunities in the energy and infrastructure sectors
- Borouge’s pivotal role in Jiangsu Rudong Offshore Wind programme reinforces its position as a leading provider of energy and infrastructure solutions in China’s rapidly expanding offshore wind market
Abu Dhabi, United Arab Emirates - 13 July 2023: Borouge PLC (“Borouge” or “the Company”) (ADX symbol: BOROUGE / ISIN: AEE01072B225), a leading petrochemical company that provides innovative and differentiated polyolefin solutions, has made a significant contribution to the Jiangsu Rudong offshore wind transmission programme, one of China’s first and largest wind High-Voltage Direct Current (HVDC) transmission projects.
Through its polymeric insulation materials using Borealis’ proprietary Borlink™ technology, Borouge has played a pivotal role in enabling the safe and efficient transfer of electricity in this ground-breaking project, reinforcing Borouge’s position as a leading provider of energy and infrastructure solutions in China’s rapidly growing offshore wind market.
Mohamed Jaber, Vice President of Global Marketing, Energy and Infrastructure, Borouge, said: “Offshore wind is set to play an increasingly significant part in the clean energy transition, and we are proud of our role in one of China’s most significant wind transmission programmes. Supplying materials for this pioneering energy project underscores Borouge’s commitment to the UAE’s ‘2023: Year of Sustainability’. We look forward to be undertaking further projects that can have a long-term positive impact while delivering attractive commercial returns, aligned with our growth strategy.”
Located south-east of Jiangsu Province, the offshore wind farm transmits 1,100 megawatts of electricity across 99km of HVDC submarine cables and 9km of land cables to an onshore power converter station. Generating 3.3 billion kilowatt-hours of electricity annually, the Jiangsu Rudong offshore wind transmission programme will meet the energy needs of 140,000 households, reducing up to 1.83 million tonnes of CO2 emissions per year, which is equivalent to removing 400,000 cars off the streets . This is also the first commercial project in China to require the highest voltage rate of ±400kV.
The HVDC power transmission technology used by Borouge and Borealis enables low-loss submarine electricity transmission over long distances, making it both highly efficient and environmentally friendly, and it not only lays the foundation for future offshore wind projects in China but showcases the market potential and accelerated deployment of large-scale offshore wind power in the near future.
ENDS
For further information, please contact:
Rehab Omar Ateeq
Vice President, Global Communications
Samar Khan
Vice President, Investor Relations
IR@borouge.com
About Borouge and Borealis
Borealis is one of the world’s leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilizers and the mechanical recycling of plastics. With head offices in Vienna, Austria, Borealis employs 6,900 employees and operates in over 120 countries. In 2021, Borealis generated total sales and other income of EUR 10,153 million and a net profit of EUR 1,396 million. OMV, the Austria-based international oil and gas company, owns 75% of Borealis, while the remaining 25% is owned by a holding company of the Abu-Dhabi based Mubadala. Borouge, listed on the Abu Dhabi Securities Exchange, is a leading petrochemical company that provides innovative and differentiated polyolefin solutions for the energy, infrastructure, mobility, advanced packaging, healthcare and agriculture industries. Abu Dhabi National Oil Company (ADNOC) owns a majority 54% stake and Borealis holds a 36% stake in Borouge.
Learn more about Borouge at
www.borouge.com
Borealis at
www.borealisgroup.com
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