Price: $ 1295 
BMI View: The UAE petrochemicals industry is continuing on its drive towards increased capacity and diversification, but BMI warns that it will have to deal with increasing competitive pressure on crucial export markets, as China and India ramp up their production and developed markets remain in the doldrums. In the midst of this slowdown in external markets, Borouge is pressing ahead with the expansion of its petrochemical facility at Ruwais, which is expected to deliver products to the market in Q114. Borouge 3 will add capacities of 1.5mn tonnes per annum (tpa) ethylene, 960,000tpa polypropylene (PP) and 1.08mn tpa PE. The project also includes an 80,000tpa cross-linked polyethylene (XLPE) plant, which Borouge said will be a value-added complement to the 350,000tpa low-density polyethylen ...
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