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12-19-2006

Borealis: Contract for Borouge 2 Cracker Awarded

Borouge, a Joint Venture between Borealis and Abu Dhabi National Oil Company, has taken the first step to realise Borouge 2, the major expansion project in Ruwais, United Arab Emirates, which will triple the production capacity. Borouge has awarded the contract to build its new ethylene cracker to Linde Engineering. The cracker will have a capacity of approx. 1.5 million t/a and is considered to be the largest gas cracker in the world.

The value of the contract is approx. USD 1.3 billion and is awarded on a lump sum EPC turnkey basis. Work is scheduled for completion in 41 months from the effective date.

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