792-Dr. J. K. Patel Institute Of Management - Gujarat Technological ...

792-Dr. J. K. Patel Institute Of Management - Gujarat Technological ... 792-Dr. J. K. Patel Institute Of Management - Gujarat Technological ...

29.12.2013 Views

equire increase in oil production. Abu Dhabi however progressed ahead with several projects to increase oil production up to 3.5 million b/d up from 2.8 million b/d enabling an increase in gas production from 51 billion cubic meter to 77 billion cubic meters by 2020 (Krane, 2010). Company Profile Abu Dhabi Polymers Company Limited Abu Dhabi Polymers Company Limited also known as Bourge Petrochemicals Borouge is one of the leading provider of innovative, value creating plastics solutions. A joint venture between the Abu Dhabi National Company (ADNOC) one of the world’s major oil and gas companies, and Austria based Borealis, a leading provider of chemical and innovative plastics solutions; Borouge is a groundbreaking international partnership at the forefront of the next generation of plastics innovation. Borouge’s headquarters is situated in the United Arab Emirates and Singapore and employs approximately 1600 people representing more than 40 nationalities and serves customers in more than 50 countries across the Middle East, Asia-Pacific, Indian sub-continent and Africa. Building on Borealis’ unique Borstar® technology and experience in Polyolefins for more than 50 years, Borouge provides innovative, value crating plastics solutions for infrastructure (pipe systems, power and communication cables), automotive components and advanced packaging. In 2010 Borouge has tripled its annual production capacity in Abu Dhabi to 2 million tones and an additional 2.5 million tonnes per year will be introduced by mid-2014 to create the world’s largest integrated polyolefins plant in a single site. Once Borouge project come on stream in mid-2014, Borouge total production capacity will reach to the 4.5 million tonnes per year. Parul Institute of Management and Research - 792 Page 92

Borouge is also investing in plants and logistics hubs in Asia and a state of the art Innovation Centre in Abu Dhabi. Borouge is Focused on value Creation through Innovation, Borouge ensure that its customers throughout the value chain, around the world, can always rely on superior products and security of supply. Borouge is committed to the principles of Responsible Care and proactively contributes towards addressing the world’s water and sanitation challenges through its Water for the World initiative. Polyolefin manufacturer Borouge expects the expansion of its complex in Ruwais, Abu Dhabi, to be fully on stream in mid-2014, following completion of construction by end-2013. The Borouge expansion will add capacities of 1.5mn tonnes per annum (tpa) ethylene, feeding large polyethylene (PE) and polypropylene (PP) units. The planned Chemaweyaat complex, which Abu Dhabi hopes that it will be the world’s largest petrochemical complex, will include an olefins plant, an aromatics complex and a range of downstream polymer and chemicals units. It is due to enter production in 2015, but BMI believes that 2016 is more realistic. The first part of the development, Tacaamol, will use heavy naphtha feed for its aromatics units and a lighter naphtha feed to supply a mixed-feed cracker producing 1.5mn tpa ethylene and 690,000tpa propylene. These will feed downstream plants producing polymers, xylenes and other derivatives. Over the last quarter BMI has revised the following forecasts/views: - By 2016, BMI expects ethylene capacity of 5mn tpa in the UAE, up from an estimated 2mn tpa in 2011, with PE more than tripling to 3.52mn tpa and PP rising by nearly 170% to 2.14mn tpa over the period. - Key issues that will have an impact on the market include the effect of spreads between naphtha and ethane and the strength of Chinese market. While ethane may be cheaper, the heavy use of naphtha in its feedstock mix will put the UAE in a better position than Qatar and Saudi Arabia as it attempts to diversify downstream production. Parul Institute of Management and Research - 792 Page 93

equire increase in oil production. Abu Dhabi however progressed ahead with<br />

several projects to increase oil production up to 3.5 million b/d up from 2.8 million b/d<br />

enabling an increase in gas production from 51 billion cubic meter to 77 billion cubic<br />

meters by 2020 (Krane, 2010).<br />

Company Profile<br />

Abu Dhabi Polymers Company Limited<br />

Abu Dhabi Polymers Company Limited also known as Bourge Petrochemicals<br />

Borouge is one of the leading provider of innovative, value creating plastics<br />

solutions. A joint venture between the Abu Dhabi National Company (ADNOC) one<br />

of the world’s major oil and gas companies, and Austria based Borealis, a leading<br />

provider of chemical and innovative plastics solutions; Borouge is a groundbreaking<br />

international partnership at the forefront of the next generation of plastics innovation.<br />

Borouge’s headquarters is situated in the United Arab Emirates and Singapore and<br />

employs approximately 1600 people representing more than 40 nationalities and<br />

serves customers in more than 50 countries across the Middle East, Asia-Pacific,<br />

Indian sub-continent and Africa.<br />

Building on Borealis’ unique Borstar® technology and experience in Polyolefins for<br />

more than 50 years, Borouge provides innovative, value crating plastics solutions for<br />

infrastructure (pipe systems, power and communication cables), automotive<br />

components and advanced packaging.<br />

In 2010 Borouge has tripled its annual production capacity in Abu Dhabi to 2 million<br />

tones and an additional 2.5 million tonnes per year will be introduced by mid-2014 to<br />

create the world’s largest integrated polyolefins plant in a single site. Once Borouge<br />

project come on stream in mid-2014, Borouge total production capacity will reach to<br />

the 4.5 million tonnes per year.<br />

Parul <strong>Institute</strong> of <strong>Management</strong> and Research - <strong>792</strong> Page 92

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