Abu Dhabi National Oil Company and Austrian chemicals producer Borealis have signed a $6.2 billion partnership agreement for the development of the fourth unit of a polyolefin manufacturing complex in the UAE's downstream hub of Ruwais.
Sheikh Khaled bin Mohamed bin Zayed, a member of the Abu Dhabi Executive Council, and chairman of the Abu Dhabi Executive Office and the executive committee of the board of directors of Adnoc, witnessed the signing of the agreement.
“Adnoc and Borealis’ significant investment in the fourth expansion of Borouge ensures the long-term and sustainable supply of core materials to critical sectors vital to both the UAE and global economy,” said Dr Sultan Al Jaber, Minister of Industry and Advanced Technology and Adnot
“This expansion will see Borouge become the world’s largest single-site polyolefin complex, as it continues to play an integral role in the development of Ta’ziz, enhancing local industrial supply chains and boosting in-country value opportunities,” he added.
Last year, Adnoc and industrial holding company ADQ announced plans to work on projects worth $5bn within the Ruwais Derivatives Park.
The joint venture, Ta'ziz, will look to invest in chemical projects worth $3bn, with $2bn expected to be spent on the development of port and infrastructure facilities in Ruwais.
Borouge, a joint venture between Adnoc and Austria's Borealis, is going through a large capacity addition as part of plans unveiled in 2018 by the national oil company to invest $45bn with partners in the downstream sector.
The Emirates plans to triple its petrochemical production capacity from 4.5 million tonnes — currently produced entirely by the Borouge facility in Ruwais — by 2025.
The feedstock for the planned expansion will be supplied by Adnoc.
The new facility will see Borouge produce polyolefin products such as polyethylene and polypropylene, as well as non-polyolefin products such as benzene and butadiene. The compounds find varied uses in packaging, plastics and acrylics industries.
With the addition of the new unit, Borouge could produce enough polyolefins to meet the manufacture of pipes to supply water to 35 million households, the company said. The new products will feed into a wide range of uses including industrial-grade pipes, cables, films and personal protective equipment.
“Borouge is the key vehicle that enables us to serve the growing customer needs across the Middle East and Asian markets with future-orientated and differentiated solutions based on Borstar, Borealis’ proprietary state-of-the-art technology,” said Thomas Gangl, chief executive at Borealis.
The company also plans to install a carbon capture unit to offset emissions by 80 per cent. The unit will be operational in time for the start-up of Borouge 4.
Borouge operates a 450,000 tonnes per annum polythene unit, which was commissioned in 2001. Borouge 2 and 3, commissioned in 2010 and 2014, raised the capacity to 2 million tonnes and 4.5 million tonnes of polyethylene and polypropylene per annum, respectively.
With the final unit, overall polyolefin production will reach 6.4 million tonnes, making Borouge 4 the largest-single site facility for polyolefins.
The increased output will capture the growing demand for polyolefins in the Middle East, Arica, and Asia.
Borealis, the Austrian company which is a joint shareholder with Adnoc, is the eighth-largest producer of polyethylene and polypropylene and has oil and gas company OMV as a significant minority shareholder.
Adipec 2021 day one - in pictures
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Cricket World Cup League 2
UAE squad
Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind
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Friday, November 1 – Oman v UAE
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Thursday, November 7 – UAE v Oman
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Anxiety and work stress major factors
Anxiety, work stress and social isolation are all factors in the recogised rise in mental health problems.
A study UAE Ministry of Health researchers published in the summer also cited struggles with weight and illnesses as major contributors.
Its authors analysed a dozen separate UAE studies between 2007 and 2017. Prevalence was often higher in university students, women and in people on low incomes.
One showed 28 per cent of female students at a Dubai university reported symptoms linked to depression. Another in Al Ain found 22.2 per cent of students had depressive symptoms - five times the global average.
It said the country has made strides to address mental health problems but said: “Our review highlights the overall prevalence of depressive symptoms and depression, which may long have been overlooked."
Prof Samir Al Adawi, of the department of behavioural medicine at Sultan Qaboos University in Oman, who was not involved in the study but is a recognised expert in the Gulf, said how mental health is discussed varies significantly between cultures and nationalities.
“The problem we have in the Gulf is the cross-cultural differences and how people articulate emotional distress," said Prof Al Adawi.
“Someone will say that I have physical complaints rather than emotional complaints. This is the major problem with any discussion around depression."
Daniel Bardsley
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Uefa Champions League semi-final, first leg
Tottenham v Ajax, Tuesday, 11pm (UAE).
Second leg
Ajax v Tottenham, Wednesday, May 8, 11pm
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Turkish Ladies
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