Borouge PlcADX: BOROUGE

Borouge Says Borouge 4 Mega Project To Support UAE Energy Sector With First Batch Of Materials

· Issued by Borouge Plc

Borouge Plc ADX:BOROUGE:

  • BOROUGE PLC - BOROUGE 4 MEGA PROJECT TO SUPPORT UAE ENERGY SECTOR WITH FIRST BATCH OF MATERIALS

  • BOROUGE - NEW CROSS-LINKABLE POLYETHYLENE (XLPE) PLANT TO ADD 100,000 TONNES IN ANNUAL CAPACITY, DOUBLING BOROUGE’S XLPE OUTPUT

  • BOROUGE PLC - BOROUGE 4 AWARDED APPROXIMATELY $600 MILLION IN PURCHASE ORDERS TO UAE-BASED COMPANIES DURING PROJECT’S DEVELOPMENT

  • BOROUGE - NEW PLANT STRENGTHENS COMPANY’S ABILITY TO DELIVER PREMIUM POLYOLEFIN SOLUTIONS

  • BOROUGE - WILL WORK WITH LEADING UAE-BASED MANUFACTURERS TO PERFORMANCE TEST INITIAL BATCH OF MATERIALS PRODUCED AT NEW XLPE PLANT

  • BOROUGE - ONCE TESTING IS COMPLETE, BOROUGE WILL RAMP UP ITS PRODUCT AT NEW PLANT TO DELIVER MATERIAL FOR HIGH AND MEDIUM VOLTAGE APPLICATIONS

  • BOROUGE - BOROUGE 4 WILL BE OPERATED BY BOROUGE ON BEHALF OF PROJECT’S OWNERS ADNOC AND OMV

  • BOROUGE - BOROUGE 4 IS EXPECTED TO GENERATE A CUMULATIVE NET PROFIT OF UP TO $400 MILLION OVER THREE YEARS

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