Abu Dhabi
Ports Company (ADPC) the master developer of ports,
industrial and trade and logistics zones, signed a
Memorandum of Understanding (MOU) with Borouge, the
leading provider of innovative value-creating
plastics solutions, to provide port services at the
planned Khalifa Port and to ensure Borouge's smooth
transfer of its port operations from Mina Zayed to
Khalifa Port.
The MOU will see that during the design, development and subsequent
operation of Khalifa Port, ADPC will ensure that
sufficient land, storage facilities, infrastructure
and services are made available at Khalifa Port to
accommodate Borouge's products and to assure the
seamless transition of Borouge's current port
operations at Mina Zayed to Khalifa Port.
Borouge currently utilizes Mina Zayed for a
throughput capacity of 600,000 tons of polyethylene
per year and will require the provision of port
services for an increase in throughput capacity of
approximately 2.1 million tons of polyolefin per
year by 2010, once Borouge 2 expansion project is
completed and to an ultimate throughput of 4.5
million tons by the year 2014, upon the completion
of Borouge 3.
Under the terms of the Memorandum, ADPC will ensure
that the Port Operation shall make all the necessary
arrangements to ensure that Borouge's current
production level and future increased production
levels inclusive of Borouge 2, shall be effectively
handled by Mina Zayed alone until the commencement
and full operation of Khalifa Port.
Construction of Borouge 2 began in late 2007 and
consists of an ethane cracker of 1.5 million tons
per year, the world's largest olefins conversion
unit of 752,000 tons per year, two Borstar®
polypropylene plants with a combined annual capacity
of 800,000 tons, along with a new Borstar Enhanced
polyethylene plant with an annual capacity of
540,000 tons.
It is worth to note that the feasibility phase for
Borouge 3 has started and is expected to be
completed by the end of 2008.
Khalifa Port is part of ADPC's multi-billion dollar
flagship project. Khalifa Port and Industrial Zone (KPIZ)
is one of the world's largest green-field port and
industrial zone development projects that will
provide essential infrastructure for the growing
industrial and commercial sectors of Abu Dhabi, as
outlined in "Plan Abu Dhabi 2030".
KPIZ will be a multi-purpose maritime facility that
involves the construction of a world-scale container
and industrial port in addition to the development
of over 100 square kilometers of industrial,
logistics, commercial, educational, and residential
special economic and free zones.
Approximately 4.6 kilometers off the shores of
Taweelah, KPIZ is strategically located between the
cities of Abu Dhabi and Dubai. KPIZ is a central
plank of "Plan Abu Dhabi 2030", and will play a
major role in Abu Dhabi's industrial and economic
diversification in serving as a key hub for large
scale industrial investments.
Notes and contacts
About Abu Dhabi Ports
Company (ADPC)
Is a master developer of ports, industrial
zones, trade and logistics zones, and related
services. Its purpose is to create a sustainable
growth platform that spurs economic expansion and
diversification for Abu Dhabi. ADPC has been
mandated to construct, develop and manage all ports
and related infrastructure (with the exception of
military and oil and gas ports) in the Emirate of
Abu Dhabi.
About Borouge
Borouge is a leading provider of innovative value
creating plastics solutions. With a heritage of
reliable customer partnership and value creation
through innovation, Borouge is a unique company that
brings together the very best of Europe and the
Middle East. Established in 1998 as a joint venture
between the Abu Dhabi National Oil Company (ADNOC),
one of the world's largest oil and gas companies,
and Borealis, a leading European plastics provider,
Borouge is a groundbreaking international
partnership at the forefront of next-generation
plastics innovation.
Borouge's state-of-the-art petrochemical complex is
located at Ruwais, Abu Dhabi in the United Arab
Emirates. Together, Borouge and Borealis employ
unique Borstar ® technology to produce
differentiated products for high-value
infrastructure (water, gas and industrial pipe
systems, power and communication cables), automotive
and advanced packaging. |
