Middle East downstream news

ADNOC and Borealis have signed a US$6.2 billion investment agreement to build the fourth Borouge facility – Borouge 4 – at the polyolefin manufacturing complex in the UAE.

WEG has been awarded a contract to deliver a combined solution to the Ras Markaz Crude Oil Park project in Oman.

The Abu Dhabi National Oil Co. (ADNOC) and Intercontinental Exchange (ICE) celebrates the start of trading of the United Arab Emirate’s (UAE) flagship crude oil, Murban.

Value chain partners in the Arabian Gulf have joined global efforts to address plastic waste.

The six vessels will have a 300 000 metric t deadweight and the ability to carry nearly 2 million bbl of crude oil, adding a total of 12 million bbl capacity to the ADNOC L&S fleet.

Through the addition of EPS Customer Solutions, Becht is establishing a broader physical presence in the EMEA region in order to provide support for the refining and petrochemical industries.

The plant in Saudi Arabia uses the Shell OMEGA process, which is based on the catalytic conversion of both ethylene to ethylene oxide and ethylene oxide to ethylene glycol.

The upgrade is part of an expansion of the facility to incorporate propylene and polypropylene production and increase the supply of petrochemical products to domestic and international customers.

Global acrylonitrile-butadiene-styrene capacity is poised to register a total growth of 19% from 11.36 million tpy in 2019 to 13.49 million tpy in 2024, according to GlobalData.

Penspen has been awarded a detailed engineering contract from Target Engineering Construction Company in Abu Dhabi, UAE.