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Borouge Says Borouge 4 Mega Project To Support UAE Energy Sector With First Batch Of Materials
Borouge Says Borouge 4 Mega Project To Support UAE Energy Sector With First Batch Of Materials
About this update from Borouge Plc
Borouge Plc ADX:BOROUGE:BOROUGE PLC - BOROUGE 4 MEGA PROJECT TO SUPPORT UAE ENERGY SECTOR WITH FIRST BATCH OF MATERIALSBOROUGE - NEW CROSS-LINKABLE POLYETHYLENE (XLPE) PLANT TO ADD 100,000 TONNES IN ANNUAL CAPACITY, DOUBLING BOROUGE’S XLPE OUTPUTBOROUGE PLC - BOROUGE 4 AWARDED APPROXIMATELY $600 MILLION IN PURCHASE ORDERS TO UAE-BASED COMPANIES DURING PROJECT’S DEVELOPMENTBOROUGE - NEW PLANT STRENGTHENS COMPANY’S ABILITY TO DELIVER PREMIUM POLYOLEFIN SOLUTIONSBOROUGE - WILL WORK WITH LEADING UAE-BASED MANUFACTURERS TO PERFORMANCE TEST INITIAL BATCH OF MATERIALS PRODUCED AT NEW XLPE PLANTBOROUGE - ONCE TESTING IS COMPLETE, BOROUGE WILL RAMP UP ITS PRODUCT AT NEW PLANT TO DELIVER MATERIAL FOR HIGH AND MEDIUM VOLTAGE APPLICATIONSBOROUGE - BOROUGE 4 WILL BE OPERATED BY BOROUGE ON BEHALF OF PROJECT’S OWNERS ADNOC AND OMVBOROUGE - BOROUGE 4 IS EXPECTED TO GENERATE A CUMULATIVE NET PROFIT OF UP TO $400 MILLION OVER THREE YEARS