ABU DHABI, May 26 (Reuters) - United Arab Emirates petrochemicals firm Borouge has awarded three Engineering Procurement and Construction contracts (EPC) totalling $2.6 billion for its plant expansion, the firm said on Wednesday.
The new expansion -- Borouge 3, will see capacity increase to 4.5 million tonnes per year (tpy) by 2013, making it the largest integrated polyolefins site in the world.
Italy's Technimont and its joint-venture partner Samsung Engineering of South Korea were awarded a contract to build two enhanced polyethylene and polypropylene units.
The pair were also awarded a contract worth $400 million for the construction of a low density polyethelene unit.
The annual capacity of the polyethylene units stands at 1.08 million tpy, while annual polyprolylene untis have a capacity of 960,000 tpy.
A $935 million contract for the utilities and off-site facilities for the expanded plant was awarded to Hyundai Engineering and Construction of South Korea.
Borouge is owned by Abu Dhabi National Oil Company and Borealis. Keywords: EMIRATES BOROUGE/