Polymer prices in the Middle East are likely to come under pressure towards the end of the year, with new supply hitting the markets from Borouge’s third phase of expansion (Borouge 3) in the UAE, as per ICIS. The new petrochemical complex in Abu Dhabi comprises a 1.5 mln tpa ethane cracker and derivative plants, including HDPE and linear low density PE (LLDPE) units with a combined capacity of 1.08 mln tpa; a 350,000 tpa low density PE (LDPE) unit; and two PP units with a combined capacity of 960,000 tpa. Sales from Borouge’s new derivative plants are expected to start soon following successful tests at the units, as per industry sources. Currently, polymer markets are under pressure, and will be further pressured on advent of new material from Borouge.
21-Oct-14 
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