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| Background |
Abu Dhabi Polymers CompanyAbu Dhabi Polymers Company (BorougeBorouge) plans to construct a Cross-Linked Polyethylene (XLPE) Conversion Unit at the BorougeBorouge 3 Complex, in Ruwais, Abu Dhabi.
The output of the project is dedicated to the Middle East and Asian Market.
The plants will use the second generation Borstar technology.
TecnimontTecnimont is the FEED consultant.
BechtelBechtel is the PMC. |
| Expected Events |
| Schedule |
Contract Phase/Phase |
Description |
| Q4 2011 |
EPC | Construction of the unit expected to start
|
| Q4 2013 |
Completion | Project expected to be completed
|
|
| Latest Events |
In September 2011, engineering works were in progress.
In Q4 2011, construction of the unit is expected to start.
In Q4 2013, the project is expected to be completed. |
| Previous Events |
In February 2011, engineering works started.
In the end of January 2011, the USD 169 million EPC contract was awarded to Hyundai Engineering and Construction Company.
On 17 January 2011, bidders submitted their commercial proposals for the EPC contract (delayed twice from 25 November 2010 and 23 December 2010). Hyundai Engineering and Construction was named as frontrunner for the EPC contract.
On 14 November 2010, technical bids for the EPC contract were submitted (delayed for the second time from 30 August 2010).
On 17 June 2010, the ITB for the EPC contract was issued.
In April 2010, firms were prequalified to bid for the EPC contract.
In Q1 2010, the FEED study was completed.
On 6 July 2009, the FEED contract was awarded to TecnimontTecnimont.
In June 2009, the PMC contract was awarded to BechtelBechtel.
24 April 2009 was the extended bid submission deadline for the PMC contract. (delayed from 26 Jan 2009)
In April 2009, the RFP for the FEED contract was issued.
In January 2009, the ITB for the PMC contract was issued. |
| Scope of Work |
Construction of a cross-linked polyethylene conversion unit with associated utilities and offsite facilities. |
| Financing Source |
In January 2011, Borealis signed a USD 266 million loan with, Oesterrichische Kontrollbank, an export credit agency (ECA). The loan will be split between an 18 month tranche and an 8-year tranche. |
| Contract Packages |
| Type |
Project Name |
Contract Value |
 |
Borouge - Borouge 3 |
USD 4,500,000,000 |
 |
Borouge - Borouge 3 - LDPE Package |
USD 500,000,000 |
|
Borouge - Borouge 3 - Non-Process Buildings |
USD 111,000,000 |
|
Borouge - Borouge 3 - Offsites and Utilities Package |
USD 1,000,000,000 |
|
Borouge - Borouge 3 - Polyolefins Package |
USD 1,250,000,000 |
|
Borouge - Borouge 3 - Ruwais Ethane Cracker Package |
USD 1,075,000,000 |
|
| Project News |
|
|
| Schedule | Contract Phase/Phase | Description |
| Jan 2009 |
PMC | ITB issued
|
| 26 Jan 2009 |
PMC | Initial deadline for technical bids submission
|
| Apr 2009 |
FEED | RFP for the FEED contract issued
|
| 24 Apr 2009 |
PMC | Extended deadline for bids submission
|
| Jun 2009 |
PMC | Conract awarded to BechtelBechtel
|
| 06 Jul 2009 |
FEED | Contract awarded to TecnimontTecnimont
|
| Q1 2010 |
FEED | Study completed
|
| Apr 2010 |
EPC | Companies prequalified for the deal
|
| 17 Jun 2010 |
EPC | ITB issued
|
| 14 Nov 2010 |
EPC | Technical bids submitted
|
| 17 Jan 2011 |
EPC | Commercial bids submitted
|
| Jan 2011 |
EPC | Contract awarded to Hyundai Engineering and Construction Company
|
|
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- Hyundai Engineering and Construction Company
|
|
| Feb 2011 |
EPC | Engineering works started
|
| Q4 2011 |
EPC | Construction of the unit expected to start
|
| Q4 2013 |
Completion | Project expected to be completed
|
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