Technip Energies has been awarded a substantial1 engineering, procurement and construction (EPC) contract in consortium with TARGET Engineering, by Abu Dhabi Polymers co. Ltd. (Borouge), a joint venture (JV) between ADNOC and Borealis, for the construction of a new ethane cracker unit which will be integrated in the Borouge 4 petrochemical complex in Ruwais, UAE.
The contract was signed by H.E Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology, Managing Director and Group CEO of ADNOC and Chairman of Borouge, and Technip Energies CEO Arnaud Pieton, in presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Board of Directors of the Abu Dhabi National Oil Company (ADNOC) and the President of the French Republic, Emmanuel Macron during the French delegation’s visit to the UAE.
This EPC contract covers the delivery of a new ethane cracker unit, in excess of 1500 KT/yr, based on proprietary Technip Energies technology. The new Borouge 4 complex will be located in the Ruwais Industrial Area in Abu Dhabi. It is considered as one of the major strategic projects to enable ADNOC to meet its target growth, which would sustain its current market share in the growing polyolefin market.
This award follows the successful execution of front-end engineering and design (FEED) competition, reflecting Technip Energies’ selective approach to be involved at a very early stage of any development and TARGET growth strategy to cooperate with major international contractors for projects in the country.
1A 'substantial' award for Technip Energies is a contract award representing between €500 million and €1 billion of revenue.
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/07122021/technip-energies-awarded-petrochemical-contract/