254
39
th
Annual Report
share in Tianjin city. The first phase included 1 million tons/year
ethylene production unit and started production in January 2010.
Saudi Arabia’s Advanced Petrochemical Company (APC) and
Turkey’s Bayegan Group signed a memorandum of understanding
(MOU) to set up a $1 billion polypropylene plant, with a capacity of
500,000 tons/year in the Adana-Iskenderun area of southern Turkey.
The joint venture plant will be 70% owned by Saudi Arabia’s
Advanced Petrochemical Company (APC) and 30% by Bayegan.
Construction of the plant is to begin in the second quarter of 2013,
with start up in 2015.
2-4 United Arab Emirate
Construction works are still in progress in Borouge expansion
project at Ruwais (Borouge-3) and expected to be completed in
2014 . The expansion is aimed at raising the company’s production
capacity to 4.5 million tons/year, which will be exported to Middle
East and Asia. The project includes construction of two polyethylene
units with a combined capacity of 1.08 million tons/year and two
polypropylene units with a combined capacity of 960,000 tons/year
and 350,000 tons/year low density polyethylene (LDPE) units, at a
total cost of $1.255 billion.
The company completed the (Borouge-2) expansion in 2010,
which added a capacity of 2 million tons/year of polyethylene and
polypropylene. Construction work of Borouge-2 began in 2007
and included an ethane cracker of 1.5 million tons/year, an olefins
conversion unit of 752,000 tons/year, two polypropylene units with
a combined capacity of 800,000 tons/year, and a polyethylene unit
with a capacity of 540,000 tons/year.
