Abu Dhabi-based petrochemicals company Borouge, along with ADNOC and Borealis, has announced plans to develop a speciality polyolefins complex in China through a consortium. The consortium has signed a Project Collaboration Agreement (PCA) with Wanhua Chemical and its subsidiary Wanrong New Materials (Fujian).
The new complex in Fuzhou, Fujian Province, will produce 1.6 million tonnes per annum (MTPA) of speciality polyolefins using Borealis’ Borstar technology and Borouge’s sales network.
According to the statement, a joint venture with Wanrong New Materials (Fujian) will be established, with each party holding a 50% stake, subject to regulatory approval.
“This strategic growth initiative builds on the robust economic ties between the UAE and China, and offers the potential to create value for Borouge shareholders by accelerating our expansion in China,” Hazeem Sultan Al Suwaidi, CEO of Borouge. “The proposed complex will leverage the strengths of our partners and majority shareholders, who bring a capacity to deploy significant capital, world-leading technology, innovation and technical expertise, as well as extensive logistics and customer networks.
“We look forward to collaborating with our partners to swiftly deliver a sustainable feasibility study that will support our commitment to continue reducing our emissions.”
The project will use zero-carbon electricity and aims for net zero emissions. The feasibility study will include AI solutions for automated plant operations.
Borouge already has a strong presence in China, with significant revenue derived from the country. The company supplies premium materials across various sectors, including infrastructure, renewable energy, electric vehicles, and advanced packaging.
