A joint venture of Italy-based Tecnimont and South Korea's Samsung Engineering has won two contracts worth $1.65 billion for the Borouge 3 expansion project in Abu Dhabi.
Borouge is a joint venture between the Abu Dhabi National Oil Co
Borouge has awarded three main contracts worth about $22 million to Tecnimont (Maire Tecnimont Group), a leading EPC contractor, for the front-end engineering and design (FEED) stage of its Borouge 3 plant expansion in Ruwais, Abu Dhabi.
Abu Dhabi Polymers (Borouge) will formally sign $3 billion of Borouge 2 project expansion contracts on June 4.
The contracts are with Tecnimont SpA of Italy to construct three new Borstar technology polyolefins units, at approximately $1.8