Abu Dhabi: Abu Dhabi polymer producer Borouge and Germany's Linde Group on Monday signed a $1.075 billion (Dh3.9 billion) contract for the construction of a 1.5 million tonnes per year ethane cracker at Borouge's production site in Ruwais, Abu Dhabi.
The signing took place at the Emirates Palace in the presence of General Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.
German Chancellor Angela Merkel was also present.
The contract was signed by Abu Dhabi Polymers (Borouge) CEO Abdul Aziz Al Hajiri, and Linde Group CEO Professor Dr Wolfgang Reitzle.
The new cracker, the third of its kind to be built by Linde for Borouge in a decade, complements the existing 600,000 tonnes per year and planned 1.5 million tonnes per year ethane crackers at the plant. 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), and Borealis, a leading provider of chemical and innovative plastics solutions.
