News Post
UAE's Borouge says third phase expansion to reach full capacity by 2016
United Arab Emirates petrochemical firm Borouge said on Wednesday that the third phase of its expansion, which is set to raise its annual production capacity to 4.5 million tonnes of polyolefins, would be fully operational by 2016.
"We have already started operations and we are up and running...It is an exciting time for us as we are ramping up production," Abdulaziz Alhajri, Borouge's chief executive, told Reuters on the sidelines of an oil and gas event in Abu Dhabi.
Borouge's average production for 2015 is expected to be 3.5 million tonnes.
"All our plants are running and if we had all the feedstock we would be there, but the ramp-up is a bit slow as it also depends on the feedstock we are getting from the upstream projects like Al Hosn gas, and they are also ramping up," Alhajri said.
Before the third phase of its expansion, Borouge was producing 2 million tonnes of polyolefins a year.
The firm, owned by Abu Dhabi National Oil Co and Borealis, an arm of Austria's OMV, is also expanding its compounds-manufacturing plant in Shanghai, which makes products for the automotive industry.
"We are currently at 50,000 tonnes per annum production but our bottleneck is 55,000 tonnes because of growing demand," Alhajri said.
"We are building an extension which will take our capacity to 90,000 tonnes by the end of 2015 - it is almost ready."
(Reporting by Maha El Dahan and Rania El Gamal; Editing by Andrew Torchia)
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