Borouge to advance mega expansion plans despite global credit tightness

In a bid to meet demand from Asia, Borouge plans to move ahead with its mega expansion projects despite the global credit tightness. Production capacity is planned to be augmented to 4.5 mln tons of polyolefins by 2013. Borouge's strategy is based on a clear long-term strategy wherein demand in Asia is expected to pick up. In a bid to meet the future demand, Borouge plans to be prepared in readiness, hence is not delaying investments. The company has awarded several contracts for the Borouge 3 expansion phase, including a contract with the US Bechtel Corporation to provide project management support and another one with the Linde Group to construct a 1.5 mln tpa ethane cracker; a contract to Tecnimont a contract to execute the front-end engineering and design for the polyolefins units and offsite and utility facilities.
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