Wednesday, Jan 09, 2013
(This story was originally published Tuesday.)
DUBAI (Zawya Dow Jones)--Abu Dhabi Polymers Co., or Borouge, a U.A.E.-based petrochemical firm, said Tuesday that investment in its plant expansion project, which will be fully operational by mid-2014, is expected to reach $4.5 billion.
The expansion in Ruwais, known as Borouge 2, will see capacity increase to 4.5 million tons per year from the current 2 million tons per year by the end of 2013, making it the largest integrated polyolefins site in the world, the firm said in a statement.
The project includes an ethane cracker, two polyethylene units and two polypropylene units as well as a low density polyethylene unit.
Borouge is owned by state-run Abu Dhabi National Oil Co. and Austria-based Borealis.
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(END) Dow Jones Newswires
09-01-13 0344GMT
