Business | Shipping
Borouge awards Shanghai logistics hub contract to Agility
Borouge, a major player in petrochemicals and plastics has signed a service contract with Agility to build the Borouge Compound Manufacturing Unit (CMU) and Shanghai Logistics Hub in Shanghai, China.
- Staff Report
- Published: 13:23 August 9, 2008
Dubai: Borouge, a major player in petrochemicals and plastics has signed a service contract with Agility to build the Borouge Compound Manufacturing Unit (CMU) and Shanghai Logistics Hub in Shanghai, China.
Through this contract Agility will also provide local logistics services for Borouge's customers in Asia for a duration of 10 years with effect from its operational start up date in 2010.
Agility will undertake the design, development and subsequent operation of the logistics hub, to ensure sufficient infrastructure, storage facilities, packaging and distribution services to accommodate Borouge's products dispatched from Abu Dhabi.
It will handle and distribute a total volume of approximately 600 kilotonnes of polyolefins out of the Shanghai logistics hub annually.
Borouge's current production capacity in the UAE is 600 kilotonnes of Borstar polyethylene per year.
With the ongoing Borouge 2 project expansion, this capacity will increase to 2 million tonnes per year by the middle of 2010 and will add polypropylene to the product mix.
More from Shipping
More from Business
Business Editor's choice
-
Saudi-Bahraini economic ties hit new high
Whilst press reports continue speculating on a possible new political structure defining ties between Saudi Arabia and Bahrain, facts on the ground confirm ever- stronger economic ties between the two neighbours
-
Cupid targets the Fed with early tweets
Declarations range from pure romance to cute overtures and racier fare
-
Do unemployment figures flatter to deceive?
Jobseekers and recruiters give out mixed signals ranging from optimism to downright despair even as official data show recovery
