Abu Dhabi Polymers Co., the state- controlled plastics maker known as Borouge, is focusing on the cables and wires market used for power transmission to meet demand in India and China. “We see the cables market growing everywhere, especially India and China, where electricity demand is rising,” Abdulaziz al-Hajri said today in an interview in Abu Dhabi.
The second phase of Borouge’s expansion, including a 1.5 mln tpa ethane cracker, passed performance testing at full capacity at the end of 2010, taking the company’s output to 2 mln tons of polyolefins a year, he said. The company’s third phase, Borouge 3, will start at the end of 2013 and reach full production at the end of 2014. Al Hajri said. Borouge aims to produce 4.5 mln tons of petrochemicals annually, with three ethane crackers. Borouge may have to shut the plant down toward the end of 2012 or the beginning of 2013 to tie in Borouge 3, and may use the opportunity to carry out maintenance on the facilities, which would last three to four weeks, al-Hajri said.
China’s economy will grow an estimated 9% this year, while India’s finance ministry on Dec. 31 raised its forecast for the current fiscal financial year to 9.1%.
05-Jan-11 
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