Spanish firm wins $111m Abu Dhabi contract
Madrid, January 26, 2011
Spain-based Fomento de Construcciones y Contratas (FCC), said it has won a $111 million expansion project from Borouge, a leading supplier of high-quality synthetics in Abu Dhabi.
Borouge is a joint venture between the Abu Dhabi National Oil Company (Adnoc), one of the world's largest oil companies, and the Austria's Borealis, a leading provider of chemical and innovative plastics solutions.
FCC, the parent group of the Austrian construction giant Alpine, said the 'Borouge 3' expansion project will increase the petrochemical plant's total production capacity by 2.5 million tons of polyolefins annually to 4.5 million tons by 2014.
As per the deal, FCC's Alpine will build the non-process buildings of the Borouge 3 expansion project, which include 26 facilities, consisting of office buildings, production plants and warehouses.
The construction is scheduled to commence shortly, with project completion planned in 2013. The Borouge 3 project is the second project being implemented by Alpine for the Adnoc Group.-TradeArabia News Service