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 他のページへ   トップページ  アジアの石油化学 中近東(目次)                     連絡先 [email protected]         

 

中近東の石油化学一覧 

アラブ首長国連邦

 

Total, Abu Dhabi Oil Co To Build EUR100 Million Melamine Plant   

Melamine joint venture inAbu Dhabi between ADNOC & AMI

Borouge to take over melamine project

Borouge to build 50,000 mt/year PP compounding facility in China

IPIC of Abu Dhabi signs a MoU with KazMunayGas for a petchem complex in Western Kazakhstan

Abu Dhabi to add value to plastics production

Abu Dhabi to set up world's largest chemicals complex

Cabot to manufacture masterbatch in Dubai

Abu Dhabi's IPIC and Borealis to conduct FS for the construction of a world-scale Fertiliser complex in Uzbekistan

IPIC of of Abu Dhabi acquires NOVA Chemicals

Borealis acquires 24.9% of Nova from IPIC

アブダビの国際石油投資社(IPIC)、今後5年で運用資産の200億ドル(約1兆8000億円)への拡大を目指す

ChemaWEyaat: A National Vision for Chemicals Conversion Industry in Abu Dhabi

ChemaWEyaat and Neste Jacobs sign Frame Work Agreement for Madeenat ChemaWEyaat complexes

IPIC Mulls Bayer Joint Venture, Not Acquisition

Borouge inaugurates its new compounding manufacturing plant in Shanghai

Borouge to build second PP compounding plant in China by mid-2012


Abu Dhabi polymers Company Limited Borouge

Abu Dhabi National Oil Company, ADNOC          60 %
BorealisDenmark-based leading polyolefins producer )   40%
 (2005/7 StatoilBorealis株をアブダビ/OMV(オーストリア)に売却

立地:Ruwais

エチレン      600千t
HDPE/LLDPE    450千t→580千t →600千トン
ブテン-1      27
千t 

Borouge 2 Cracker  
エチレン     
1,500千トン
olefins conversion 752千トン
PP 2系列計    800千トン
PE          540千トン   

Borouge developing into world scale petrochemical complex   

  Borouge awards approximately USD 1.3 billion Borouge 2 Cracker (EU2) contract to Linde Engineering

  Borouge Formally Signs US$3.1 Billion Contracts for Expansion Project

Borouge confirms PP compounds plant for the Chinese car industry

Borouge 3

The Borouge 3 project includes the construction of
 an ethane cracker  エチレン 1,500千トン
 
second generation Borstar(R) polypropylene (PP) and polyethylene (PE) units,
    polyethylene units is 1,080,000 t/y and the polypropylene units, 960,000 t/y.
 an LDPE unit  350,000 t/y
 a Butene unit, as well as
 related off-site utilities and marine facilities 

    Foster Wheeler Awarded Contract for UAE Borouge STEP III project

    Borouge initiates the feasibility study for Borouge 3

Green light for the Borouge 3 PE and PP expansion

Borouge awards USD 1.075 billion contract for Borouge 3 ethane cracker in Abu Dhabi to The Linde Group

韓国企業、UAEでBorouge 3 石油化学プラント工事受注

 

ChemaWEyaat: A National Vision for Chemicals Conversion Industry in Abu Dhabi


 Borouge: first significant dowstream petrochemical investment  


Borouge is a joint venture petrochemical project owned
60 per cent by the Abu Dhabi National Oil CompanyADNOC, and 40 per cent by a Denmark-based leading polyolefins producer Borealis. It is , regarded as the first significant downstream petrochemical investment in the Emirate.
 
The construction of the
600,000 tonnes-per-year plant will be completed in 2001.

The two plyethylene plants in Ruwais, each with a production capacity of 225,000 tonnes of high and linear-low density plyethylene per year, will be fully operational next year.

 

 


August 11, 2003 Dow Jones

Total, Abu Dhabi Oil Co To Build EUR100 Million Melamine Plant

French oil company Total SA (TOT) and Abu Dhabi National Oil Co., or ADNOC, said Friday that they've reached an agreement to invest EUR100 million in the construction of a new melamine plant in Abu Dhabi.

Total said the project will be carried out by Ruwais Fertilizer Industries, or Fertil, a fertilizer maker in which
it holds a 33% interest and ADNOC owns a 67% stake.


August 8, 2003 Total

Total and ADNOC sign a memorandum of understanding for the construction of a melamine plant in Abu Dhabi    http://www.total.com/ho/en/library/press/2003/030808.htm


Total and the Abu Dhabi National Oil Company (ADNOC) signed a memorandum of understanding for the development and construction of a melamine plant in Abu Dhabi by the jointly owned Ruwais Fertilizer Industries (Fertil).
Created in 1980, Fertil is a joint venture between ADNOC (66.66%) and Total (33.33%) set-up to run a nitrogen fertilizer plant and market ammonia and urea primarily in Asia.


2004/11/8 Plasticsnews

Borouge developing into world scale petrochemical complex
www.plasticsnews.net/get_hot/492.html

Borouge, Borealisjoint venture with ADNOC, is expanding its existing Borstar (注 PE商標)capacity and studying further expansion to form a world scale petrochemical complex at Ruwais, Abu Dhabi in the UAE. Building on the successful start up and first two years of operation, increasing market demand for enhanced polyolefins and more feedstock becoming available, the next steps are underway to expand the Borouge petrochemical complex.

Borouge will invest USD 40 million to debottleneck the existing Borstar enhanced polyethylene (PE) capacity from 450,000 to 580,000 tonnes per annum. The project, which includes expansion of material handling facilities, is to be completed by Q2 2005. In addition, Borouge will assume full off take of the existing 600,000 tonnes per annum ethylene cracker.

To further develop Borouge, its owners, ADNOC and Borealis, earlier this year signed a Memorandum of Understanding and are proceeding with a feasibility study for a new world scale cracker and downstream polyolefin plants. The expansion is based on two ADNOC natural gas developments in Abu Dhabi, equivalent to approximately 1.4 million tonnes ethylene. Conclusions are likely to be made during 2004 with expected start-up of the new plants in 2008.


2005/7/14 Rubberworld

Foster Wheeler Awarded Project Management Consultancy Services Contract for UAE Petrochemicals Complex Expansion

The existing Borouge facility includes
a 600,000 metric tonnes per annum (mtpa) ethane cracker and also produces 580,000 mtpa of polyethylene. The Borouge STEP III project comprises a new ethylene complex, which includes a 1.4 million mtpa ethane cracker and boilers, a 540,000 mtpa polyethylene unit, two 400,000 mtpa polypropylene units, an olefins conversion unit and associated offsites and utilities. The polyethylene and polypropylene plants will both use Borealis' proprietary Borstar(R) technology. Project completion is expected in 2010.


The Plastics Exchange 2006/6/21

Abu Dhabi Polymers plans big expansion of petrochem facility

Abu Dhabi Polymers Company (Borouge) has announced a multi-billion-dirham
expansion project at its petrochemicals manufacturing facility in Ruwais, Abu Dhabi. The project will be completed on schedule by mid-2010. Harri Bucht, chief executive officer of Borouge, said the expansion represents a new phase not just for the company but also for Abu Dhabi.


2006/11/28 Borouge

Borouge awards approximately USD 1.3 billion Borouge 2 Cracker (EU2) contract to Linde Engineering

Borouge, the leading provider of innovative plastic solutions, today announced that it has awarded the contract to build its new ethyne cracker to Linde Engineering; the cracker will have a capacity of approximately
1.5 million tons per annum and is considered to be the largest gas cracker in the world.


As well as the ethylene cracker, the Borouge 2 project comprises the world's biggest olefins conversion unit, producing
752 Kilotonnes per annum and two Borstar polypropylene plants with a combined annual capacity of 800 Kt along with a new Borstar Enhanced PE plant that will have an annual capacity of 540 Kt to compliment the existing 600 Kt unit.


2006/6 ADNOC news

ADNOC's newest company to become operational in early 2009

The Abu Dhabi National Oil Company (ADNOC) and Agrolinz Melamine International (AMI) signed a contract on a new melamine production center in Ruwais, Abu Dhabi, in early April.

The Abu Dhabi Melamine Industry will be another milestone of ADNOC's strategy to meet the world's growing demand for high value and specialized petrochemical products. The project cost is estimated at US$200 million of which ADNOC holds 60%, while Austrian Agrolinz Melamine International will own the remaining 40%.

The new company, which is expected to be operational in the first quarter of 2009, will be the 15th ADNOC Group subsidiary and the third petrochemical company after Fertil and Borouge. It will produce 80,000 tons of melamine per annum, using urea from Fertil as a feedstock.


2007/4/10 Borealis

Borouge to expand production to include melamine

Borouge announces that it is continuing with the construction of a new melamine plant in Ruwais, Abu Dhabi, the location of its existing world-scale polymer production facilities. The company is planning to take over a project currently being undertaken by the Abu Dhabi National Oil Company (ADNOC) and AMI Agrolinz Melamine International (AMI) in Ruwais.

The development would see the creation of a melamine plant with an annual production capacity of 80,000 tonnes. The front end engineering and design phase has begun and it is expected that production would come on stream following the completion of Borouge 2, the major expansion which will triple Borouges Borstar® polyolefin production capacity.

 


2007/6/4 Borouge

Borouge Formally Signs US$3.1 Billion Contracts for Expansion Project

Borouge, a leading provider of innovative, value creating plastics solutions, today formally signed contracts valued at approximately US$3.1 billion for Borouge 2, the major expansion project at the companys production facilities in Ruwais, Abu Dhabi in the United Arab Emirates.

The contract with Tecnimont S.p.A., worth approximately US$1.855 billion, is for the construction of three new Borstar® technology polyolefins units and associated material handling facilities, laboratory facilities and marine works. This is the largest supplier contract Borouge has signed since its inception as a company in 1998 and is awarded on a lump sum turnkey basis.

The contract with Tecnicas Reunidas S.A., worth an estimated value of US$1.234 billion, is for the construction of the offsite and utility facilities for the expanded plant, and is awarded on a convertible lump sum turnkey basis.

 

In January 2007, Borouge began the first stage of the construction process, when it formally signed a US$1.3 billion contract with Linde Engineering/CCC for the construction of a new ethylene cracker. The contract was awarded to Linde/CCC on a lump sum turnkey basis, with preliminary work already under way and completion scheduled for 2010.

 


2007/8/21 Borealis

Borouge to invest in automotive market with new compounding facility in China

Borouge, a leading provider of innovative, value creating plastics solutions, today announced that it plans to develop a compounding facility in China for the manufacture of high performance polypropylene compounds for applications in the automotive and electrical appliance sectors.

The new compounding facility will be constructed in the Shanghai area and will have an annual capacity of up to 50,000 tonnes with further expansion possibility.  It will be strategically located to take advantage of the supply of Borstar® polypropylene from its production plant in Ruwais, Abu Dhabi through an advanced logistics concept and to serve current customers such as VW, GM and PSA in China, future customers in China and other Asian and Middle East markets.  

 


Jan 8, 2008 WAM Abu Dhabi

IPIC signs a MoU with KazMunayGas

International Petroleum Investment Company (IPIC) and JSC NC " KazMunayGas", Kazakhstan's national oil-and-gas company signed a Memorandum of Understanding for cooperation in construction of a petrochemical complex in Western Kazakhstan.

KazMunayGas JSC NC is the biggest oil-and-gas company in Kazakhstan and a major player in the field of discovery and production of oil and natural gas.

A source at IPIC said that a feasibility study on the project is underway, and the details will be announced later. He added that the two companies have agreed to exchange expertise and technology to boost the project. Both companies IPIC and KazMunayGas would assert their intention to develop and tighten the relationship and cooperation between them.

The total worldwide investments of IPIC, the Abu Dhabi state enterprise responsible for foreign investments in the oil and chemicals sector, is valued at USD 11b.

Earlier last year IPIC had announced that it will increase its investments to USD 20b dollars in the next 5 years to promote Abu Dhabi as a strategic investor in oil and energy industry in the world.


February 10, 2008

Abu Dhabi to add value to plastics production

The government of Abu Dhabi is to provide investment funding to develop downstream plastics processing, mirroring what the Saudi Arabian government did in the mid '70s. Its Abu Dhabi Basic Industries Corporation (ADBIC) is to launch a $150 million investment fund this year which will make available money for entrepreneurs to set up plants to convert locally produced plastics into finished goods.

Separately, ADBIC itself is currently planning to invest $3
·82 billion in a plant to make pipes, cables and automotive parts.

Abu Dhabi Basic Industries Corporation (ADBIC)

 アブダビ基盤産業公社はアラブ首長国連邦の基盤産業の促進を目的として2006年アブダビ政府によって設立された機関


2008/2/4 Khaleej Times

Capital to launch $150m fund for plastic sector

Abu Dhabi is set to launch a string of industry- specific investment funds, which will make available money to the entreprenuers, to boost industrial activity in the emirate, to convert locally produced raw material into finished goods, said an official.

"We will begin with an
Investment Fund for Plastic sector, with a size of $150 million, to be launched this year, said Abdullah Saeed Al Darmaki vice president Abu Dhabi Basic Industries Corporation (ADBIC), speaking at a session on industrialistation in the emirate, at Abu Dhabi Economic Forum.

Since, Abu Dhabi has to grow in all industrial areas like aluminum, iron and steel and others, so next logical step would more sector dedicated Investment Funds for those sectors, as well.

The funding will come from the government, while ADBIC would be the executing agency. He did not elaborate on whether funding will be provided at subsidised rate of interest etc.

The inspiration to the fund comes
from Saudi Arabia, which in mid seventies launched a fund which used to set up petrochemical downstream industry, as an incentive. That money has resulted in a sprawling SMEs (small and medium-sized enterprises) industry, providing tens of thousands jobs and contributing to the economy.

Asked why an Investment Fund for Plastic sector is being launched, he said that since a Petrochemicals Park will be launched in Industrial City of Abu Dhabi this year, in cooperation with ZonesCorp, where downstream industry would be setup, using resin manufactured in Abu Dhabi.

ZonesCorp is an independent government authority established in 2004 for the promotion of investment in the economic sector of the Abu Dhabi emirate. H.H. Sheikh Hamed Bin Zayed Al Nahyan is Chairman of both the Department of Planning and Economy and ZonesCorp

"So, we would be using our plastic raw materials into manufacturing finished goods for local as well as exports markets, said Al Darmaki.

The money will be used by entrepreneurs, to launch their projects. He said that
Taiwan model of plastic industry has inspired decision makers, who want to emulate an advanced version that experiment.


January 17, 2008 khaleejtimes.com

Abu Dhabi to launch industrial cities for polymer and metals

Abu Dhabi would have two industry- specific economic zones called 'Polymer Park' and 'Metal Park'.

Large as well as medium scale industries would be set up in the zones by the private sector, capitalising on the emirate's strong comparative advantage of capital, abundant and cheap energy resources, labour and ideal access to markets, said an official.

"
Polymer Park would use Abu Dhabi's prime product polymer resin as a raw material to be converted into value added consumer as well as industrial products, while industries to be set up in the Metal Park, would use aluminum and steel as raw material to manufacture goods for exports purposes," said Dr Jim White, chief operating officer of Abu Dhabi Basic Industries Corporation (ADBIC), while speaking to reporters, on the sidelines of Executive Forum on 'The world in 2008', organised by The Economist .

He said that government would be deciding on
the tax and other benefits to be allowed to the industries to be set up in the two parks.

About the Polymer Park, he said it is well in advanced stage, and may be announced as early as this quarter, while the Metal Park is in conceptual stage, which may take some time.

Both industrial parks would be located in the Industrial City of Abu Dhabi, located
outside Mussafah industrial estate, for which land has already been earmarked, and infrastructure would be developed very soon.

The polymer park would be
the advanced version of Taiwan's plastic industry, which is a symbol of value addition and export- led job creation.

The initial response from large companies as well as SMEs to this industrial zone has been overwhelming and within 18 months of the launch, the first plastic factory would go into ground-breaking phase. The size of the investment being looked at would be $20-25 million, and leading names in the industry would have their manufacturing facilities, he said.

Dr Jim White estimated that through the next five years, the industrial zone would generate $1 billion worth investment.

Metal Park: This park would also create Abu Dhabi's niche in the sector. When
the two aluminum smelters and mega steel mills are rolled out, raw materials too would be consumed by these industries, he said.

In this regard, ADBIC has taken over Abu Dhabi's premier steel mill, whose capacity is being multiplied to 5 million metric tonnes , under a five year plan, from present levels of 700,000 metric tonnes, in a phased manner. The phase which is already half-way through will see production being doubled to 1.4 million metric tonnes, costing $1 billion.

The steel unit will import raw material from Brazil and Canada and convert it into steel bars and other products for local use.

Emirates Steel Industries (ESI), formerly Emirates Iron & Steel Factory (EISF) is a wholly owned government factory strategically located at the recently developed Industrial City of Abu Dhabi (ICAD). The factory is the largest steel plant in the UAE, utilising the latest rolling mill technology to produce reinforcing bars for the construction industry.

Established in 2001 to satisfy the growing demand for quality steel products for the UAE
s fast developing construction sector, ESI is the only significant domestic supplier of deformed reinforcing steel bars (rebars). The rolling mill 圧延工場has a design capacity of 600,000 tons of rebar per year and the Company is currently running at full capacity.

ESI produced 165,000 tons of rebar in 2002; 385,000 tons in 2003; 500,000 in 2004; and 600,000 in both 2005 and 2006. ESI currently sells 100% of its production within the UAE.


Feb.3 2008 Reuters

Abu Dhabi plans $6.5bn steel, plastics plants

State-owned Abu Dhabi Basic Industries Corp (Adbic) plans to invest $6.5 billion to build a plastics factory and expand a steel plant, part of the emirate's drive to reduce its reliance on oil.

The plastics plant, a joint venture, will be ready next year, Abdullah Saeed Al-Darmaki, vice president for petrochemicals at Adbic, told Reuters on Sunday on the sidelines of an investment conference in the UAE capital.

"The investment in the plant will total 14 billion dirhams ($3.82 billion)," Darmaki said, declining to identify the partner.

"The plant will be used for making pipes, cables, automotive parts, and other products mainly used in the region."    

Adbic will invest a further 10 billion dirhams in expanding a steel plant by 50 percent until 2010, the company's chairman, Hussain al-Nowais, told Reuters.

"We are creating the largest integrated steel plant in the region that will have capacity of 3 million tonnes per annum," Nowais said. Capacity now is 2 million tonnes per year.

Emirates Steel Industry was set up five years ago with capacity of 600,000 tonnes per year before being taken over by Adbic.

"Adbic is trying to create a cluster of industries in Abu Dhabi to support each other," Nowais said. "Our aim is to add value and the industries should be economically feasible." 


 

Feb 20, 2006  Herald Tribune

World's largest aluminum plant to be built near Abu Dhabi

Mubadala Development, an investment company of the government of Abu Dhabi, has said it would team up with Dubai Aluminium to build the world's largest aluminum plant for $6 billion as the country seeks to take advantage of inexpensive energy and low labor costs in the region.

The plant, to be built near Abu Dhabi, the capital, would produce 1.2 million metric tons of aluminum a year and would require the construction of a 2,600-megawatt power plant, Mubadala said Saturday. The world's largest plant is Russian Aluminium's Bratsk smelter in Siberia, which processed 965,000 metric tons of aluminum in 2004.

"There is ample room for additional capacity on the back of strong international demand," Dubai Aluminium's chief executive, Abdullah Kalban, said in the statement.

Gulf states including Saudi Arabia, the United Arab Emirates, Qatar and Oman are investing billions of dollars to build smelters in an effort to utilize abundant inexpensive natural gas and low-cost labor.Power accounts for 29 percent of the cost of producing aluminum, making plants in the United States and Europe less profitable than those in the Middle East, a region with two of the world's top three holders of gas reserves.

Mubadala is using the emirate's oil wealth to invest in regional infrastructure and energy projects and buy stakes in foreign companies like Ferrari.

Dubai plans to expand output of aluminum at its Jebel Ali smelter by at least one-third by 2010, to more than one million tons a year from a planned 760,000 metric tons a year in 2006, to meet added demand from China.

同社のアルミ生産能力は35%増の536,000トンに引き上げられ,単一工場の生産能力としては世界第2位,中東地域ではバーレーンのALBA社を抜いて最大規模のアルミ製錬所となった。
DUBAL社は2006年において86万1千トンのアルミニウムを生産し、世界7位の生産高であったと発表した。

Global aluminum demand this year will grow 4.8 percent, to three million tons, beating production by 105,000 metric tons, Goldman Sachs said in a Feb. 14 report.Metal prices have soared because production has failed to keep pace with expanding demand, led by China.


2008/4/7 Borouge           Foster Wheeler Awarded Project Management Consultancy Services Contract for Expansion

Borouge announces further strategic expansion of polyolefins operations beyond Borouge 2

Borouge, the leading provider of innovative, value creating plastics solutions today announced that it has initiated the feasibility study for
Borouge 3: a further expansion of its polyolefin operations in Abu Dhabi to add approximately 2.5 million tonnes per year of capacity by 2014.

 


2008/5/5 khaleejtimes.com

Abu Dhabi to set up world's largest chemicals complex

Abu Dhabi, which is setting up Chemicals Industrial City in Taweelah's Khalifa Industrial Zone, has finalised its plan to establish the world's largest chemicals complex.


The multi-billion dollar project, due to complete in 2013, will manufacture olefins, aromatics, oxide and ammonia derivatives.

----

May 05, 2008  fibre2fashion.com

ADIC to develop Chemicals Industrial City in Taweelah area

Abu Dhabi Ports Company (ADPC) has signed an MOU with Borealis / Abu Dhabi Investment Council ADIC on behalf Chemaweyaat, an initiative developed by ADIC and the International Petroleum Company (IPIC) to speed up Abu Dhabis involvement in the Chemical Industry, with the objective to locate the new planned Chemicals Industrial City at Khalifa Industrial Zone at Taweelah.


2008/5/8 Khaleej Times

UAE set to become plastic-free by 2012

The UAE will become a plastic-free country by 2012 Dr Rashid Ahmed bin Fahad, Minister for Environment and Water, said yesterday.

Speaking to Khaleej Times on the sidelines of a Press conference to announce the Offshore Arabia Conference and Exhibition to be held in January 2009 at the World Trade Centre, Dr Rashid said the UAE Government was planning to phase out use of plastic as part of its strategic plan.

"To achieve the plastic-free status, my ministry is currently preparing a strategy to completely phase out plastic usage in the country," he pointed out.

The minister noted: "The environmental hazards posed by plastic is a global issue. We have launched several initiatives to reduce the use of plastic. However, we need time to implement it as we have to replace plastic with an adequate alternative." He added: "We'll soon announce the details of the strategy. The UAE cares about its environment," he said.

When asked about the recent oil spill in Fujairah and in Dubai, Dr Rashid said the government had a contingency plan to avoid incidents. This, he said, would be done by implementing strict laws and introducing a new mechanism to prevent such incidents. "Oil spills are happening because of individual mistakes. We have a clear vision to address this issue. All GCC countries have a clear strategy to avoid any environmental hazards in the Arabian Gulf due to oil production and transportation. We are committed to ensuring the safety of marine life in the region," he said.


2008/8/21 tradearabia.com

IPIC, Borealis in Uzbek plant deal

International Petroleum Investment Company (IPIC) of Abu Dhabi and Vienna-based Borealis have signed a Memorandum of Understanding on a major fertiliser complex in Uzbekistan.

The two companies have signed the MoU with Uzbekistan's
State Joint-Stock Company (Uzkimyosanoat ウズベキスタン化学品公団) to conduct a feasibility study for the construction of the world-scale fertilizer complex.

Scheduled to start up in 2012, this would be the largest plant nutrients complex in Central Asia and would comprise an ammonia unit and a urea plant.

The study should be completed by the end of 2008 and will be used as the basis of decision for further project steps in first quarter of 2009.

"We are excited to be partnering with Uzbek side, this MoU reflects the strong trust and relation between the three companies to pursue further opportunities in various fields," said Khadem Al Qubaisi, managing director of IPIC.

"Both IPIC and Borealis see a bright future in partnering with Uzkimyosanoat to tap into Central and Eastern Asia's dynamic growth markets," said Hubert Puchner, vice president, sales and marketing fertilizer and melamine in Borealis.

IPIC is an investment company wholly owned by the Government of Abu Dhabi. For over 20 years IPIC has successfully invested in many projects all over the world.

Borealis is a leading manufacturer of plastics, and 65 per cent of its shares are owned by IPIC. Headquarter of Borealis is located in Vienna.

State Joint-Stock Company Uzkimyosanoat consists of 12 chemical plants, 13 distributing companies, two engineering and scientific research institutes and a logistics company. Borealis is second in Europe manufacturer of plastics, and 65 % of its shares are owned by IPIC.
Scheduled to start up in 2012, this would be the largest plant nutrients complex in Central Asia and would comprise
Ammonia Unit and Urea Plant, a press release said Wednesday. It added the study should be completed by the end of 2008 and will be used as the basis of decision for further project steps in first quarter of 2009.

2008/7/23 tehrantimes.com/

IPIC, Kazakhstan set up $1b energy fund

Abu Dhabi government-owned IPIC and Kazakhstan have agreed to launch a $1 billion fund to invest in energy and other sectors, the company said.

International Petroleum Investment Co (IPIC) signed an agreement with the government of Central Asia
s largest oil producer to set up the fund, the company said in a statement without giving details of planned investments.

An IPIC executive told Reuters that IPIC and Kazakhstan would
each provide $500 million for the fund, which would have a broad array of investments.

IPIC is rapidly expanding in the international oil and gas sectors. The company invests in oil and gas related assets for the Abu Dhabi government, which controls more than 90 percent of the oil reserves in the United Arab Emirates, the world's fifth-largest oil exporter.

IPIC already has plans to develop a
$5 billion-plus petrochemical project in Kazakhstan and it has signed accords with state firms in neighbouring Uzbekistan to set up energy joint ventures there.

IPIC is also studying oil and gas opportunities with Royal Dutch Shell in Turkmenistan.

IPIC said last year it planned to increase its investment portfolio to $20 billion from $11 billion over five years and was eyeing deals in the Caspian Sea region.

2008/8/2 neurope.eu/

IPIC, Bassel eye Kazakh petrochemical market

As it has been announced earlier, Kazakhstan is planning to start the construction of its largest gas chemicals complex in the village of Karabatan in the Atyrau region. Although there is no much time left until the start of the works, but no investor has been determined so far for this expensive project. The plant in Karabatan will be one of the 30 breakthrough projects Kazakhstan hopes would help change the countrys current image of a primary materials supplier to a country capable of producing high value products from its main riches - oil and gas. The cost of the new project is over USD five billion. The designed capacity of the future facility is 800,000 tonnes of polyethylene and 400,000 tonnes of polypropylene a year. These products can be exported to many countries worldwide. Our plant is still on paper, but a huge line for many years ahead has already formed for its products.

This indicates the high demand for the petrochemical products and once again proves that we have made a right decision to build such a facility,an informed source close to the project told New Europe. Indeed, according to many international experts, petro- and gas chemicals industry is one of the most profitable in the world now. And therefore, the investment-oriented businessmen and banks are so interested in such a promising project as the Kazakhstan gas chemicals plant. The main condition for investment in the project is that AO Kazakhstan Petrochemical Industries (KPI) (a subsidiary of the national company KazMunaiGas), the project leader, holds a 50 percent interest in it. KazMunaiGas is currently negotiating with several potential investors. Today, we can talk about two serious contenders for participation in the project - the Arabic International Petroleum Investment Co (IPIC) and the European concern Bassel.


Aug 2, 2007 Reuters

UAE's IPIC, Shell eye Turkmen oil, gas

The UAE's IPIC and Royal Dutch Shell are considering joint exploration for oil and gas in Turkmenistan, UAE's state news agency WAM reported.

The International Petroleum Investment Co. (IPIC) invests in oil-related projects for the government of Abu Dhabi, which controls more than 90 percent of the United Arab Emirates oil reserves. The UAE is the world's sixth-largest oil exporter.

IPIC and Turkmen officials also discussed building a
$500 million urea plant with capacity to produce 700,000 tonnes per year.

IPIC's Managing Director Khadem Al-Qubaisi met with the Turkmen President Kurbanguly Berdymukhamedov in Ashgabat, WAM reported late on Wednesday.

Both the oil and gas exploration and the urea plant were pending government approval, WAM reported.

"Working with IPIC to enter the oil and gas sectors in Turkmenistan is an ideal opportunity to reinforce Shell's position in the region, which is growing," WAM's Arabic service quoted Gavin Graham, Shell's vice president of new business in the region, as saying.

IPIC told Reuters last month it planned an aggressive move into oil and gas exploration and production and was eyeing deals in the Caspian. IPIC aims to double its investment portfolio to $20 billion in the next five years.

Turkmenistan is the second-largest producer and exporter of gas in the states of the former Soviet Union after Russia. It plans to raise gas exports by a quarter this year to 58 billion cubic metres.


British Plastics & Rubber 2009/1/9

Borouge confirms PP compounds plant for the Chinese car industry

While other polymer companies are cutting production capacities Borouge, the joint venture between Borealis and the Abu Dhabi National Oil Company, is to press ahead with expansion in China. The company has confirmed that it is to go ahead with its
50,000 tonnes PP automotive compounds plant in the Fengxian District of Shanghai and says this is the first phase of "further investments in the key markets including China despite the current prevailing global financial crisis."
Although its initial capacity is 50,000 tonnes the new compounding plant
could be expanded by 80,000 tonnes. It will be sourced with polypropylene from the Borouge 2 project which is expanding Borouge's resources in Abu Dhabi and will make TPO and mineral and glass fibre reinforced compounds for car bumpers, body panels, door cladding, dashboards and air intake manifolds.
As well as the manufacturing facility in Shanghai, Borouge also plans to set up large scale logistics and distribution centres in Shanghai (600,000 tonnes/year) and in Guangzhou (300,000 tonnes/year).


4/13/2009 Borouge

Borouge commits to further the strategic expansion of its polyolefins operations in Abu Dhabi

o Borouge 3 to come on stream in Q4 2013 to capture the additional feedstock availability resulting from the upstream refinery and gas processing expansions of ADNOC (Abu Dhabi National Oil Company).
o Approximately 2.5 million tonnes per year (t/y) of polyolefins capacity to be added to support Borouges growth in the Middle East and Asia
o Borouge 3 project adds low density polyethylene (LDPE) production capacity to Borouges portfolio to meet the needs of the growing wire and cable infrastructure markets

Following the successful completion of the feasibility study announced last year, Borouge, a leading provider of innovative, value creating plastics solutions, has decided to enter the FEED (front-end engineering and design) stage of its Borouge 3 project. The Company is thereby continuing with its plans to significantly expand its polyolefin operations in Abu Dhabi, in the United Arab Emirates, by adding approximately 2.5 million t/y of capacity by the 4th quarter of 2013. The expansion will enable Borouge, a joint venture between the Abu Dhabi National Oil Company (ADNOC) and Borealis, to meet the growing demands of the high value polyethylene and polypropylene markets in the Middle East and Asia. The addition of low density polyethylene (LDPE) capacity will also enable Borouge to grow in the wire and cable infrastructure market.

The Borouge 3 project includes the construction of an
ethane cracker, second generation BorstarR polypropylene (PP) and polyethylene (PE) units, an LDPE unit and a Butene unit, as well as related off-site utilities and marine facilities, at its plant in Ruwais, some 250 kilometres west of Abu Dhabi. The addition of 2.5 million t/y of polyolefins will boost Borouges total production capacity to 4.5 million t/y by the end of 2013.

Borouge
s current capacity is 600,000 tonnes of polyethylene per year, and the Borouge 2 expansion project will increase its capacity to 2 million t/y. Construction of Borouge 2 began in late 2007 and consists of an ethane cracker of 1.5 million t/y, an olefins conversion unit of 752,000 t/y (the worlds largest), two BorstarR PP units with a combined annual capacity of 800,000 t/y, and a BorstarR PE unit with an annual capacity of 540,000 t/y.


2009/7/2

Joint press release from Borouge and The Linde Group: Borouge awards USD 1.075 billion contract for ethane cracker in Abu Dhabi to The Linde Group

Borouge, a leading provider of innovative, value creating plastics solutions, has awarded a contract worth USD 1.075 billion to The Linde Group, a world leading gases and engineering company, to build another 1.5 million tonnes per year (t/y) ethane cracker at its production site in Ruwais, Abu Dhabi, United Arab Emirates.  

"The awarding of this contract confirms Borouge's commitment to the Borouge 3 project, a major expansion of our production facility in Ruwais, which will increase the total capacity of the plant to 4.5 million tonnes of polyolefins annually by the end of 2013," says Abdulaziz Alhajri, CEO of Abu Dhabi Polymers Company (Borouge). "In addition to the ethane cracker, the expansion includes the construction of second generation Borstar® polypropylene and polyethylene units, a low density polyethylene unit and a Butene unit, as well as related off-site utilities and marine facilities."   "Nowhere else in the world has a petrochemical company installed so much olefins capacity in such a short time as Borouge is currently doing in Abu Dhabi," says Dr Aldo Belloni, member of the Executive Board of Linde AG. "We at Linde Engineering are proud to be the supplier of ethylene technology for the Ruwais complex. Our relationship with ADNOC, enriched by our gases joint venture 'Elixier', and Borealis is now stronger than ever, thus making The Linde Group the leading gases and engineering company in the Middle East."  

The contract will be executed on a 'lump sum turnkey' basis whereby the construction work will be executed by the Consolidated Contractors Company (CCC). The new cracker, the third of its kind to be built by The Linde Group for Borouge in one decade, complements the 600,000 t/y and 1.5 million t/y ethane crackers, the latter of which is currently under construction as part of the plant's expansion from 600,000 to 2 million t/y of polyolefins by mid-2010, and ultimately 4.5 million tonnes of polyolefins annually by 2013.  
After completion of the new cracker, Borouge will have the world's largest ethane cracker complex, setting a new benchmark for the industry.   Borouge is a joint venture between the Abu Dhabi National Oil Company (ADNOC), one of the world's largest oil and gas companies, and Borealis, a leading provider of chemical and innovative plastics solutions. The awarding of the contract is a major milestone in the Company's growth strategy in the infrastructure, automotive and advanced packaging markets in the Middle East and Asia, and is an important step in the development of the Abu Dhabi petrochemicals landscape.    

 


October 14, 2009

Tacaamol complex of Abu Dhabi National Chemicals(ChemaWEyaatis) be completed in 2015

Tacaamol, a joint venture between International Petroleum Investment Company (Ipic) and Abu Dhabi National Chemicals, also known as Chemaweyaat, will commence feed for petrochemical production early next year.

The multi-billion complex, the largest in the world, is being developed in Abu Dhabi's proposed
Taweelah Chemicals Industrial City and will be developed in phases and fully operational in 2015. The city is being developed by Chemaweyaat to help diversify the predominantly oil-based economy by setting up complementary industries and associated services.

Mohammed Al Azdi, Chief Executive Officer of Chemaweyaat, said: "
Tacaamol, a joint venture recently established between Chemaweyaat (51 per cent) and Ipic (49 per cent), is the first phase of Chemaweyaat and is well on track. Tacaamol complex is a multi-billion project and will be completed in 2015. Feed is schedule for commence in 2010."

Al Azdi was speaking to Emirates Business on the sideline of a petrochemical conference in Abu Dhabi:

Though he refused to elaborate on the investment in Tacaamol 1 complex, according to earlier reports it will cost more than $10 billion (Dh36.70bn).

He said feedstock would be six million tonnes of light, medium and heavy naphtha supplied through pipeline from the 280kbpd condensate refinery of Takreer in Ruwais. The complex was expected to seven million tonnes a year petrochemical products.

Al Azdi also disclosed
another project called Al Chemeya had been proposed to help speed up the setting up of the chemical industrial city. Al Chemeya project, he added, was conceived as a propylene derivatives complex structured around twin world scale 650kta propane dehydrogenation plants. "It is in the planning stage with the feasibility study for the project has already been completed," he added.

Addressing the fourth annual Petchem Arabia conference organised by World Refining Association, Al Azdi said the Chemaweyaat's vision was to be a new and leading player to the Middle East chemical scene.

He said: "Our goal is to grow our businesses to become one of the region's top chemical companies, and in concert with Ipic's businesses to be represented in the top ten chemical companies globally. The plan also includes acquisitions by Ipic.

"To achieve this vision we have a unique position affording both access to hydrocarbon reserves of Abu Dhabi and the strong support of the Abu Dhabi Government."

Al Azdi said two projects, Tacaamol and Al Chemeya, were on the path to development, with the first due on-stream by 2015.

About using liquefied petroleum gas and naphtha for chemicals in Abu Dhabi, he said both products were set for further growth. "Naphtha is set to grow from about eight million tonnes per year to more than 12 million tonnes, and much of the growth will be in light pentanes from gas processing. LPG production in Abu Dhabi is also set to double from eight to 17 million tonnes per year. At the same time the global LPG market is oversupplied as natural gas competes for premium demand sectors," he said.

Commenting on Abu Dhabi's development plan for hydrocarbon resources, Al Azdi said presently the chemicals sector in the emirate was relatively under-developed compared to neighbouring countries despite the fact having the fourth largest crude oil and gas production the GCC.

He said: "The plan is to optimise use of the emirate's hydrocarbon feedback resources; provide maximum economic value added to the emirate and achieve development goals in terms of employment opportunities for nationals."

  ーー

ChemaWEyaat: A National Vision for Chemicals Conversion Industry in Abu Dhabi, UAE

In support of the Government of Abu Dhabi
s drive to diversify its investment portfolio and enhance its involvement in adding value to its natural resources, a strategic decision has been taken to accelerate the Emirates investments in the Chemical Industry by establishing Abu Dhabi National Chemicals Company (ChemaWEyaat). An agreement has been reached between the Abu Dhabi Investment Council (The Council) and International Petroleum Investment Company (IPIC) to set up ChemaWEyaat (literally meaning chemicals in English). Abu Dhabi National Chemicals Company is entrusted to develop Madeenat ChemaWEyaat in the new Mina Khalifa Industrial Zone located in Abu Dhabis Taweelah area.

The first complex is projected to begin production in 2014, and is estimated by some industry specialists to carry an investment cost of around US $ 10 billion. ChemaWEyaat Venture 1 Company is underway to finalize the pre-FEED (Front End Engineering Design) stage.

The Venture 1 company will encompass total exports of more than 10 million tons per year of several chemical products, including (figures in thousands tons per annum):
Paraxylene 1370, Benzene 340, Cumene 400, Phenol 60, Acetone 110, Bisphenol A 160, Polycarbonate 130, Polypropylene 420, Mono-Ethylene Glycol (MEG) 900, Di-Ethylene Glycol (DEG) 46, Tri-Ethylene Glycol (TEG) 3, Ethanol Amine 100, Butadiene 200, MTBE 140, Polyethylene 950, Urea 1000 and Melamine 80. Venture 1 is expected to be the worlds largest fully integrated grass root chemical complex. It will have the worlds largest reformer (70kbbl/day), naphtha cracker (1,450kta Ethylene + 690kta Propylene), BTX unit (Para-Xylene 1370 + Benzene 860kta), Ethylene Oxide unit (790kta) and melamine unit (80kta).

Discussions by Abu Dhabi National Chemicals Company (ChemaWEyaat) to attract reputable international and local joint venture partners with advanced technology, operating & marketing know how and leading market positions to participate as J.V Partners in Tacaamol Complex are underway. Discussions are also underway to plan for several complexes/companies in the future.

Master Plan implementation for
ChemaWEyaat Industrial Citywill start soon with the involvement of Abu Dhabi Ports Company (ADPC). A Memorandum of Understanding (MOU) was signed between Abu Dhabi National Chemicals Company and ADPC on May 4, 2008. ChemaWEyaat Industrial City is expected to host multiple mega-Chemical Complexes companies utilizing Abu Dhabis gas and liquid feed stocks. Discussions are underway to plan the next complex/company. The future magnitude of ChemaWEyaat Industrial City is considered to be like Jubail Industrial City in Saudi Arabia, while the model of the Chemical Complexes is of full integration, similar to BASF Verbundconcept. Abu Dhabi National Chemicals Company Group is expected to include service companies for chemicals ships, projects execution, etc., along with several shared service centers in the areas of: Innovation, Finance, IT, Human Resources, etc working under Mushtarak Corporation, the name of the 100% ChemaWEyaat-owned shared services company. Port Khalifa is expected to provide world class dedicated export terminals for dry and liquid chemical products for Madeenat ChemaWEyaat Corporation.

The creation of Abu Dhabi National Chemicals Company and ChemaWEyaat Industrial City will support a rapid development of adjacent industries and businesses; namely real estate development, service industries, and general downstream processing and conversion industries to support industries in Port Khalifa.

In addition to Abu Dhabi National Chemicals Company, there are two other petrochemical entities in Ruwais (Abu Dhabi) involved in the petrochemical business based on dry gases (Methane and Ethane): Borouge 60% ADNOC, 40% Borealis Boards is 65% owned by IPIC& 35% owned by OMV. OMV IS ALSO 19.5% by IPIC producing polypropylene and polyethylene from ethane, and Fertil (68% ADNOC, 22% Total) producing Ammonia & Urea from Methane.

Without a doubt, Abu Dhabi National Chemicals Company is going to be a fundamental wheel in Abu Dhabi Government
s high speed yet subtle drive in this millennium.

May 5, 2009

Abu Dhabi National Chemicals Company (ChemaWEyaat) and Neste Jacobs sign Frame Work Agreement for Madeenat ChemaWEyaat complexes

Abu Dhabi National Chemicals Company (Chemaweyaat) signed today signed a long term Frame Agreement with Neste Jacobs, who will perform Front End Engineering and Design (FEED) and benefit ChemaWEyaat with their expertise in polyolefins and aromatics in relation to the development of the ChemaWEyaat Industrial City (Madeenat ChemaWEyaat). Madeenat ChemaWEyaat is being launched by ChemaWEyaat in the Khalifa Port Industrial Zone (KPIZ) in Taweelah. The first complex will include the world
s largest most integrated complex of chemicals of more than ten million tons/per year production quantities including: a world scale cracker, downstream propylene and ethylene derivative units, and reformer, BTX, glycols, phenol and derivatives units that are intended to form part of the first complex. Both entities are committed to establish a long term partnership and make full use of the resources needed to provide a state of the art, safe, reliable, cost effective, maintainable and operable facility that is delivered on schedule and meets all of the current environmental regulations.

Established in 2008, Abu Dhabi National Chemicals Company (ChemaWEyaat) is a holding company structured to establish ChemaWEyaat Industrial City (Madeenat ChemaWEyaat); further maximizing the value of Abu Dhabi
s oil & gas feedstocks through advanced chemicals industry technologies. Abu Dhabi National Chemicals Company and Madeenat ChemaWEyaat will support a rapid development of adjacent industries and businesses; namely real estate development, service industries, and general downstream processing and conversion industries to support industries in Mina Khalifa. ChemaWEyaat is owned by fellow government entities IPIC 40%, Abu Dhabi Investment Council 40%, and Abu Dhabi National Oil Company 20%.

Based in Porvoo, Finland, Neste Jacobs has over 40 years of experience in working in various process plant investment projects in oil refining, petrochemicals and chemicals processes in Europe, North America and the Middle East, with a specialization in EPCM services and process technology licensing.

"We are very pleased to consolidate our cooperation and we look forward to working together with Neste Jacobs in the development of the complexes that will reside in Madeenat ChemaWEyaat
said Mr. Mohamed Al Azdi, CEO of ChemaWEyaat.

Officials from Neste Jacobs state:
We see the signing of the Frame Agreement as a recognition of our capabilities to work on projects in the region and we are confident that this long-term partnership approach will provide the base to the highest degree of success and achievement in the development of ChemaWEyaat.

------

中東エネルギーフォーラム 2009/1/13

今後5年で運用資産の200億ドル(18000億円)への拡大を目指すアブダビの国際石油投資社(IPIC)

 アブダビ政府所有の国際石油投資社(IPIC)のハディーム・アル・クベイシ常務理事は、2009110日、アブダビで記者会見し、運用資産を現在 の120150億ドルから今後5年で200億ドルに拡大する計画を明らかにした。同常務理事は、「IPICは新規部門への投資を拡大している。IPIC はエネルギー部門、非エネルギー部門での良い機会を探している」「IPICは非エネルギー部門への投資に際しては、所有するアアバル・インベストメンツ (Aabar Investments)を活用して行く」(ガルフ・ニューズ紙 2009110日)と述べ、今後の投資活動の拡大に意欲を見せた。 IPICはアブダビで上場しているアアバル・インベストメンツの大株主である。

 さらに、同常務理事は「投資に占める再生可能エネルギーの比率を
10%まで引き上げたい」「既存の投資と融合できる限り、価格が低水準である資産のさら なる取得を促進する」「過去3ヶ月、自分は世界中の企業の買収に忙しかった」「自分は依然合併・買収に積極的ではあるが、これらを選択的に進め取得する新 企業を既存の投資と融合させねばならない」(ブルムバーグ通信 2009110日)と続け、慎重且つ大胆に投資を進める意向を示した。以下では、ハディーム・アル・クベイシ常務理事の記者会見での発言内容を主な項目別に整理することしよう。

<アブダビでの石油化学事業>


IPICが株式の40%を所有するケマウィヤアト(Chemaweyaat)は、アブダビの石油化学事業に少なくとも700億ドル投資する計画である。
第一段階が200億ドルで、第二及び第三段階が500億ドルである。

()ケマウィヤアト(Chemaweyaat)の株主構成は、IPIC40%、アブダビ投資評議会(ADIC)が40%、ADNOC20%である。

<ホルムズ海峡迂回石油パイプライン事業>

総延長距離370km229.9マイル)のハブシャン(アブダビ)〜フジャイラ石油パイプライン事業(通油能力150万B/D)は建設中であり2010年初には完工する。
同パイプラインはADNOCのマーバン原油を通油しフジャイラから輸出する。
フジャイラに能力1000万バレルから1200万バレルの貯蔵庫を建設する。
同貯蔵庫はADNOCにリースする方法もあれば、IPIC自身が運営する方法もある。
提案された総額6070億ドルのフジャイラの製油所(製油能力50万B/D)については依然検討中であるが、精製能力は引き下げられよう。


<パキスタン製油所事業>

昨年承認した総額50億ドルのパキスタンのハリーファ・ポイント製油所事業(能力25万B/D)は課題を抱えている。
ハリーファ・ポイント製油所事業は、両国政府が再協議し、どうするかを決めねばならない。
我々は基本的問題が解決するまで本事業を延期する。

<カスピ海投資事業>

カスピ海事業については最大20億ドルまで投資する。
同事業にはドイツの石油サービス会社MAN Ferrostaalが含まれることになろう。

<株式取得の動き>

スペイン第二の石油会社Compania Espanola de Petroleos SACepsa)やオーストリア最大の石油会社OMV AG株を買い増すかもしれない。因みに、現在の保有比率はCepsa9.5%、OMV17.6%である。
Aabar Investmentsを通じた非石油株の購入を検討している。

()IPIC 2008年、ポルトガル最大の電力会社EDP-Energias de Portugal SAやドイツの石油サービス会社MAN Ferrostaalの株式を購入した。また、過去には、HSBCホールディングスやEuropean Aeronautic, Defence & Space Coなどの株式も購入している。


October 29. 2009

IPIC
s links to Europe grow stronger with agreement

Abu Dhabis International Petroleum Investment Company (IPIC) agreed to share ownership of its Nova Chemicals unit with the Austrian petroleum company OMV, deepening its long-standing relationship with the European firm in which it holds a 19.6 per cent stake.

Under an agreement struck about a month ago,
Borealis, an IPIC-OMV chemicals joint venture based in Vienna, would acquire 24.9 per cent of Nova from IPIC. The deal received regulatory clearance from the European Commission last week.

IPIC is currently reviewing synergies between us and its other portfolio companies with the objective of creating a new global polyolefins leader,Nova said earlier this month. In this context, IPIC and OMV have decided to share control of us similar to their successful joint ownership and control arrangements for Borealis.

IPIC on July 6 acquired Nova, which has its headquarters in the US city of Pittsburgh and produces plastics and other commodity chemicals in North America and Europe, for about US$2.3 billion (Dh8.44bn) including debt. The deal came after Nova ran into financial difficulties during the global recession.

The transaction gave IPIC, which is owned by the Abu Dhabi Government, an entry to the North American petrochemicals market as well as boosting its European assets.

OMV is IPIC
s major partner in the European chemicals sector. Borealis is 64 per cent owned by IPIC and 36 per cent by OMV. The two firms also jointly own AMI Melamine International, an Austrian fertiliser and chemicals venture.

For more than a decade, OMV has also been a partner with IPIC and the Abu Dhabi National Oil Company in Abu Dhabi
s main domestic chemicals ventures.

In addition, IPIC and OMV are partners in a Pakistani oil refinery and have plans for joint ventures in oil and gas production.

Now they must also jointly attend to helping Nova weather the economic slump that continues to grip much of North America and Europe. Nova
s seven-member board would include four directors nominated by IPIC, two by OMV and one by Borealis.

Nova had estimated its July and August revenue at $742 million, down 48 per cent from $1.42bn for the comparable period last year.
Margins have improved during 2009, but have not yet recovered to levels experienced prior to the economic slowdown that began in the fourth quarter of 2008,the company said.


2009/11/17 Bloomberg

IPIC Mulls Bayer Joint Venture, Not Acquisition, Chairman Says

International Petroleum Investment Co. said it's discussing a venture with companies including Bayer AG to establish a petrochemical plant in Abu Dhabi, and has no plan to buy the German companys MaterialScience unit.

ICIS news today reported
IPIC was in talks with five petrochemical companies including Bayer MaterialScience, and expected to close a European acquisition by the first quarter of 2010. The news service, which covers the chemical and energy industries, cited IPIC Chairman Khadem Abdulla Al-Qubaisi.

We never said we were acquiring any of these companies,Al-Qubaisi said in a telephone interview with Bloomberg today. My statement was misinterpreted.

IPIC, an Abu Dhabi state-run company, is talking to Bayer, Nova Chemicals Corp., Borealis AG, and a couple of South Korean companies about a joint venture with Abu Dhabi National Chemicals Co., Al-Qubaisi said. IPIC owns 40 percent of Abu Dhabi National Chemicals, which is known as Chemaweyaat.

Maybe we will establish a plant with Bayer but nothing is finalized,he said. All of these talks are for joint-venture projects and right now we are just talking.

Bayer in September hired Marijn Dekkers as its new chief executive officer, the first outsider to take the top job. Some analysts speculated the appointment may herald a breakup of the 146-year-old German drug and chemical maker.

2009/11/17

IPIC names Bayer MaterialScience in list of possible acquisitions

International Petroleum Investment Company (IPIC) is in talks with five major petrochemical players in the US and Europe, including Bayer MaterialScience, and expects to close a European acquisition by the first quarter of 2010, the managing director of the Abu Dhabi-based company said on Tuesday.

Khadem Al Qubaisi said technology from the new company would be used to develop petrochemical projects in Abu Dhabi. The purchase would also continue IPIC
s geographical expansion, he said.

We want to select the right player with the right technology. We want to bring this company to Abu Dhabi. The intention is to bring this company to work on [Chemaweyaat].


4/20/2010 Borouge

Borouge inaugurates its new compounding manufacturing plant in Shanghai

* Borouge inaugurates its first manufacturing plant outside of the Unites Arab Emirates (UAE)
* The manufacturing plant in Shanghai confirms Borouge
s commitment to its customers in China
* Capability to supply up to 50,000 tonnes per year of compounded resins to the Chinese automotive and household appliances markets
* Application Centre in Shanghai to develop tailored-application solutions

Borouge, a leading provider of innovative, value creating plastics solutions, inaugurated its first compounding manufacturing plant in China at a ceremony held at the plant
in Shanghai on April 20, 2010. Designed to provide innovative plastics solutions to the rapidly growing local automotive and household appliances industries, the new plant has the capacity to supply up to 50,000 tonnes per year (t/y) of compounded resins to its customers.

The manufacturing plant is the first-ever facility of Borouge outside of the United Arabic Emirates and has the potential
to expand to 80,000 t/y in the future. Leveraging the additional 800,000 t/y polypropylene capacity at its petrochemical complex in Abu Dhabi and the strong relationships that Borouge is developing with the Chinese automotive value chain, the Shanghai manufacturing plant will provide a range of innovative plastics solutions for bumpers, body panels, dashboards and door claddings.

Borouge is currently also establishing an
Innovation Centre in Abu Dhabi and an Application Centre at the Shanghai manufacturing plant to enhance its ability to execute research and development and conduct product performance reviews in close proximity to its customers.

Adjacent to the manufacturing plant, Borouge is putting into operation its
logistics hub, which will be capable of handling up to 600,000 tons of value-added polyolefins per year thereby improving its local supply chain to the infrastructure and advanced packaging markets in addition to the automotive markets.


2010/05/28 朝鮮日報 

韓国企業、UAEで石油化学プラント工事受注

 韓国企業が昨年の原子力発電所工事に続き、アラブ首長国連邦(UAE)で17億ドル(約1500億円)規模の超大型石油化学プラント工事の受 注に成功した。

 受注したのは、UAEのブルージュ社が発注した「ブルージュ第3次石油化学プラント」で、三つの工事のうち現代建設が一つ、サムスン・エンジニアリングが二つを受け持つ。両社は26日(現地時間)にこれらの工事を受注したこ とを27日、発表した。両社が受注した工事は、UAEのルワイス工業団地に建設される世界最大規模のポリマープラント建設事業だ。

 現代建設はこのうち9億3500万ドル(約850億円)規模の付属施設工事を単独で受注した。工事期間は約44カ月だ。

 サムスン・エンジニアリングは約12億5000万ドル(約1100億ドル)規模のポリオレフィンプラント(PE108万トン、PP96万トン)と4億ドル(約360億円)規模の低密度 ポリエチレンプラント(35万トン)を、イタリア・テクニモン社と共同で受注した。サムスン・エンジニアリングはこのうち、約8億ドル(約720億円)の工事を受け持つ。今回の工事受注で、現代建設は45億ドル(約4100億円)、サムスン・エンジニアリングは26億ドル(約2400億円)の海外受注実績をそれぞれ記 録した。

The Borouge 3 project includes the construction of
 an ethane cracker  エチレン 1,500千トン
 
second generation Borstar(R) polypropylene (PP) and polyethylene (PE) units,
    polyethylene units is 1,080,000 t/y and the polypropylene units, 960,000 t/y.
 an LDPE unit  350,000 t/y
 a Butene unit, as well as
 related off-site utilities and marine facilities 

Borouge, a joint-venture between the Abu Dhabi National Oil Company (ADNOC), one of the world's major oil companies, and Borealis, a leading provider of chemical and innovative plastics solutions, has awarded three major Engineering, Procurement and Construction (EPC) contracts valued at approximately US$ 2.6 billion for its Borouge 3 expansion project in Ruwais, Abu Dhabi, in the UAE. These significant investments will expand the production capacity of the plant to 4.5 million tonnes per year (t/y) by 2013, making it the largest integrated polyolefins site in the world. 

A contract worth US$ 1,255 billion for the construction of two Borstar® enhanced polyethylene and two Borstar® enhanced polypropylene units, as well as a contract worth US$ 400 million for the construction of a 350,000 t/y low density polyethylene (LDPE) unit, was awarded to the Joint Venture consortium Tecnimont of Italy and Samsung Engineering of South Korea, on a lump sum turnkey basis. The annual capacity of the polyethylene units is 1,080,000 t/y and the polypropylene units, 960,000 t/y.

In addition, a contract worth US$ 935 million for the Utilities and Off-site facilities for the expanded plant was awarded to Hyundai Engineering and Construction of South Korea.

These contracts represent an important milestone in the fulfilment of Borouge's growth strategy in the Middle East and Asia. The investment in LDPE production spearheads the Company's ability to manufacture innovative solutions for the global wire and cable market in addition to the pipe, automotive and advanced packaging markets. 

Borouge has already awarded a US$1.075 billion contract to Linde Engineering for the construction of the Borouge 3 ethane cracker and the site preparation is being executed by Al Asab General Transportations and Contracting Establishment. 


2010/5/31 Platts

Borouge to build second PP compounding plant in China by mid-2012

Borouge of the United Arab Emirates announced at the weekend plans for a second polypropylene compounding plant in China, to be completed by mid-2012. William Yau, head of Borouge Marketing Co, signed an agreement for the project on Saturday, with local government officials from Nansha and Guangzhou. Based at Guangzhou in Guangdong province, the unit will have a capacity of 105,000 mt/year. Like the first unit, the plant's output will be directed to the local automotive and appliance sectors.

Borouge inaugurated its first China-based PP compounding plant last month in Shanghai. The plant can produce up to 50,000 mt/year with provisions made to accommodate an expansion of up to 30,000 mt/year at a later time.

Both Chinese compounding plants will use PP resins supplied by Borouge's 800,000 mt/year PP plant in Ruwais, Abu Dhabi, which is slated to begin test runs between July and August. The PP plant in Ruwais will be supported by an olefins conversion unit that will be able to turn out 752,000 mt/year of propylene. Borouge is a joint venture between the Abu Dhabi National Oil Co. and Austrian plastics firm Borealis.


2015/12/14

UAE and China launch $10 billion strategic investment fund
       Both nations have also signed a number of agreements in past 3 days

The UAE and China on December 14 agreed to launch a $10 billion strategic co-investment fund to enhance the economic and political ties between the two nations.

The agreement was signed during an official visit to China by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and a delegation of ministers, reports state news agency WAM.

The Chinese President Xi Jinping was also present at the signing ceremony of the UAE-China Joint Investment Cooperation Fund.

“The formation of this investment fund is a reflection of the growing partnership between the UAE and the People’s Republic of China,” said His Highness Mohammed bin Zayed, adding that both the countries will step up their cooperation and will work more closely to develop their economies.

President Jinping hoped the fund will deepen the strategic and economic relationship between China and the UAE, whose bilateral trade stands at $54.8bn today and is expected to reach $60bn by the end of the year. It was $63 million in 1984 when the two countries first established formal bilateral diplomatic relations.

“This fund will also play a critical role in supporting the ‘One Belt, One Road’ strategic initiative, as we work towards improving connectivity and cooperation with our regional partners across Eurasia,” adds President Jinping.

The Chinese leader’s ‘One Belt, One Road’ plan focuses on connectivity and cooperation among countries, primarily in Eurasia, which also includes Middle Eastern states.

Dr Sultan Al Jaber, Minister of State, who is also part of the delegation, said that the UAE is a strong supporter of the strategic plan.

Both nations have also signed nine agreements during the Abu Dhabi Crown Prince’s three-day visit.

The UAE-China Joint Investment Cooperation Fund, which will focus on conventional and renewable energy, infrastructure, technology and advanced manufacturing, will be managed and operated by Mubadala Development Company, the Abu Dhabi-based investment and development company, China Development Bank Capital (CDBC) and China’s State Administration of Foreign Exchange (SAFE).