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FINANCIAL NEWS
Borouge awards $1.1b deal to Linde
04 Nov 2010
(MENAFN) UAE petrochemical firm Borouge has awarded a $1.1 billion contract to Germany’s Linde for the construction of a gas unit, the UAE’s state news agency WAM reported.
Borouge, a leading provider of innovative plastics solutions, is a joint venture between the Abu Dhabi National Oil Company (Adnoc), one of the world�s major oil and gas companies, and Austria-based Borealis, a leading provider of chemical and innovative plastics solutions.
Borouge employs approximately 1,600 people and serves customers in more than 50 countries across the Middle East, Asia-Pacific, Indian sub-continent and Africa.
Borouge tripled its annual production capacity in Abu Dhabi to 2 million tons in 2010 and an additional 2.5 million tons per year is scheduled for completion by the end of 2013 to create the world�s largest integrated polyolefins plant.
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