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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 its partner customer, a leading cable manufacturer Polyolefins (UPI) are supplied by Ducab and Abu Dhabi-based Union Pipes Industry.
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.
On winning the contract, Chief Executive Officer Hazeem Sultan Al Suwaidi said: “Our latest agreement with Ducab and UPI marks continued progress on the Borouge 4 project and demonstrates our commitment to the UAE’s domestic value program – providing local sourcing and ‘ Manufacturing’ shapes a strategic project of this scale in UAE Solutions.”
“We look forward to building on our successful track record and unlocking long-term value by aggressively pursuing revenue growth and cost optimization,” he said.
Mohammad Almutawa, CEO of Ducab Group, said: “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 increase economic competitiveness. This contract will pave the way for more future collaborations , will serve our common purpose.”
Mohamed Hageb, managing director of UPI, said its partnership with Borouge has been instrumental in the realization of strategic and national projects such as Borouge 4.
“Our HDPE pipe has a 50-year lifecycle, is able to withstand severe weather conditions and is extremely durable, making it ideal for the very large-scale needs of Borouge 4. We are delighted to be working with Borouge again and to add A decades-long partnership, Hageb points out.
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, it will enable the next phase of growth in Al Ruways Industrial City and supply raw materials for the TA’ZIZ Industrial Chemicals Zone.-TradeArabia News Service
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