Borouge, the polymer producer, has stated that its third phase plant will be completed on schedule by the end of 2013 and the plant will be fully operational by mid-2014.
The company is a joint venture between the ADNOC and Austria based Borealis.
The third phase is estimated to cost US$4.5 billion.
“Borouge III is proceeding as planned. Borouge II has reached full production capacity after being started in the middle of last year. We are currently running it through different product lines,” the Borouge executive was reported as saying by Gulf News.
The combined production capacity of Borouge I and II is 2mn metric tonnes a year. By mid-2014, when Borouge III comes on stream, Borouge’s capacity would increase to 4.5mn tonnes a year, making it the single-largest polyolefins plant in the world.
Currently, Borouge I and Borouge II, located in Ruwais comprise two crackers, one olefins conversion unit, five polyolefin plants — which include two polypropylene and three polyethylene units.