New $45m FEED contract signed for the expansion of the Ruwais Petrochemicals Complex

New $45m FEED contract signed for the expansion of the Ruwais Petrochemicals Complex

Maire Tecnimont S.p.A. has announced that its subsidiary Tecnimont S.p.A. has signed with Abu Dhabi Polymers Company (Borouge) a contract for the Front-End Engineering and Design (FEED) services for the fourth expansion phase of the Ruwais petrochemicals complex in Ruwais, Abu Dhabi, in UAE.

Borouge is the joint venture between Abu Dhabi National Oil Company (ADNOC), one of the world’s largest oil and gas companies, and Austria based Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilisers.

The overall value of the FEED contract is approximately $45m on a reimbursable basis.

The project scope of work consists in the FEED services for the new expansion phase of Borouge’s complex in Ruwais composed of the world’s largest mixed feed cracker with a capacity of 1.8 million tonnes of ethylene per year. The new cracker, fourth in Borouge’s petrochemicals complex, will be also associated with several other processing units, utilities & offsites. The project completion is expected within 2020.

Maire Tecnimont Group has been supporting the UAE in creating value by processing natural resources since the late 90s, with the first Borouge polyolefin complex (Borouge 1) completed in 2001. After two additional expansion projects in 2007 and 2010 (Borouge 2 and Borouge 3, respectively), the Group is currently executing the EPC works on Borouge’s fifth Polypropylene Unit (PP5).

“After our recent achievement with the PP5 project award, we keep on strengthening our historical relation with a leading industrial player such as Borouge” commented Pierroberto Folgiero, Maire Tecnimont Group Chief Executive Officer. “Our strong, technological competitive edge in transforming natural resources into innovative, higher-value products enables us to be at the forefront of Abu Dhabi’s multibillion downstream strategic investment plan.”

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6th March 2019