Emirates News Agency – Borouge secures two new contracts worth AED55 million from major UAE manufacturers

ABU DHABI, 10th January, 2023 (WAM) — Borouge, a leading petrochemical company providing innovative and differentiated polyolefin solutions, has been awarded two new contracts worth a total of AED55 million (US$15 million) for the Its partners supply polyolefin customers – Ducab and Union Pipes Industry (UPI).

The two companies will use Borouge materials for energy and infrastructure applications to build Borouge 4.

Ducab, one of the largest indigenous energy solutions providers and industrial manufacturing companies in the UAE, will produce low and medium voltage cables to power Borouge 4 using Borouge’s energy solutions. UPI, one of the largest manufacturers of robust piping in the MENA region, will use Borouge’s ‘Made in UAE’ solution to produce pressure piping for Borouge 4’s cooling and sanitation systems.

Hazeem Sultan Al Suwaidi, Chief Executive Officer of Borouge, said: “Our latest agreement with Ducab and UPI marks the continued progress of the Borouge 4 project and demonstrates our commitment to the UAE Domestic Value Program – offering local sourcing and ‘Made in the UAE’ Our solutions shape a strategic project of this scale. We look forward to building on our successful track record and unlocking long-term value by aggressively pursuing revenue growth and cost optimization.”

Mohammad Almutawa, Chief Executive Officer of Ducab Group commented: “Strategic partnerships with national leaders in the industrial sector are in line with the goals of the 300 billion action plan to create domestic value and improve economic competitiveness. This contract will pave the way for more cooperation in the future.” pave the way to serve our common purpose.”

Mohamed Hageb, General Manager, Union Pipes Industry, said: “Our partnership with Borouge has been instrumental in realizing strategic and national projects such as Borouge 4. Our HDPE pipes have a 50-year lifecycle and are able to withstand harsh environments. weather conditions, and are extremely durable, making them ideal for the hyperscale needs of Borouge 4. We are delighted to be working with Borouge again and building on our decades-long partnership.”

Borouge4 supports the Abu Dhabi National Oil Company’s (ADNOC) Domestic Value (ICV) program, with 60% of the incentive value flowing back into the UAE economy. Additionally, Borouge 4 will enable the next phase of growth in Al Ruways Industrial City and supply raw materials for the TA’ZIZ Industrial Chemicals Zone.