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Borouge Seals Contract With Partners Ducab And Union Pipes Industry | |
| Sumita Pawar |
According to the media, Borouge, a major petrochemical company that provides innovative and differentiated polyolefin solutions, has secured two new contracts to supply polyolefins to its partner customers, Ducab and Union Pipes Industry (UPI).
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The contracts have a combined value of AED 55 million (US$15 million).
To construct Borouge 4, both companies will use Borouge materials to produce energy and infrastructure applications.
Ducab, one of the UAE’s largest homegrown energy solution providers and industrial manufacturing businesses, will produce low- and medium-voltage cables to power Borouge 4 using Borouge’s energy solutions, states the report.
It added that UPI, one of the MENA region’s largest rugged and durable pipe manufacturers, will use Borouge’s "Made in UAE" solutions to produce pressure pipes for the cooling and public sanitation systems of Borouge 4.
"Our latest agreements with Ducab and UPI signal the continued progress of the Borouge 4 project and are a testament to our commitment to the UAE’s In-Country Value programme—providing locally sourced and "Made in UAE" solutions that shape a strategic project of this scale," commented Hazeem Sultan Al Suwaidi, Chief Executive Officer, Borouge.
"We look forward to building on our track record of success and unlocking long-term value through the aggressive pursuit of revenue growth and cost optimization."
According to Mohammad Almutawa, Group CEO of Ducab, building strategic partnerships with national champions in the industrial sector is aligned with the goal of the Operation 300 billion initiative, creates in-country value, and boosts economic competitiveness. This contract will pave the way for more future cooperation that will serve our common goals.
Mohamed Hageb, the general manager of Union Pipes Industry, thinks that their work with Borouge has been a big part of making strategic and national projects like Borouge 4 possible.
And their high-density polyethylene pipes have a 50-year lifecycle, are capable of withstanding harsh weather conditions, and are highly durable, making them ideal for the megascale demands of Borouge 4.
He added, "We are delighted to be collaborating once again with Borouge and building on our decades-long partnership."
Borouge 4 supports the Abu Dhabi National Oil Company (ADNOC) In-Country Value (ICV) program, where 60 percent of the award value will flow back into the UAE’s economy.
Furthermore, Borouge 4 will enable the next phase of growth at Al Ruways Industrial City and supply feedstock to the TA’ZIZ Industrial Chemicals Zone, which concludes the report.
By Sumita Pawar