Borouge Set To Boost Production Capacity To Over 6.6 Mln Tonnes
Reuters
28 Apr
April 28 (Reuters) - BOROUGE :: *SET TO BOOST PRODUCTION CAPACITY TO OVER 6.6 MILLION TONNES *EXPANSION PROJECTS SET TO ADD OVER 200,000 TONNES PER ANNUM OF NEW CAPACITY *EXPANSION PROJECTS WILL CONTRIBUTE UP TO $200 MILLION (AED730 MILLION) IN ANNUAL EBITDA *AWARDED TWO MAJOR CONTRACTS AIMED AT BOOSTING NAMEPLATE CAPACITY OF EU2 AND PE4 AND PE5 *LINDE ENGINEERING HAS BEEN AWARDED A CONTRACT FOR FRONT-END ENGINEERING DESIGN (FEED) SERVICES TO UPGRADE BOROUGE’S SECOND ETHANE UNIT (EU2) WITH AN ADDITIONAL CAPACITY OF 230,000 TONNES PER ANNUM (TPA) *STRATEGIC PROJECT IS EXPECTED TO INCREASE THE EU2 CRACKER’S CAPACITY BY 15%, DELIVERING SIGNIFICANT FINANCIAL GAINS UPON COMPLETION IN Q4 2028 *ALSO AWARDED TARGET ENGINEERING CONSTRUCTION COMPANY AN ENGINEERING, PROCUREMENT, AND CONSTRUCTION $(EPC)$ CONTRACT FOR EXPANSION AND REFURBISHMENT OF ITS PE4 AND PE5 PRODUCTION UNITS *Further company coverage: BOROUGE.AD * ((Reuters.Briefs@thomsonreuters.com;))
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