January 11, 2024
(press release)
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Borouge to supply infrastructure solutions to enable NAFFCO’s mega projects across the region Borouge’s pressure pipes are fully manufactured in the UAE, underpinning the company commitment to the country’s economic and industrial growth Abu Dhabi, United Arab Emirates – 11 January, 2024: Borouge Plc, a leading petrochemical company known for its innovative and differentiated polyolefin solutions, today announced the signing of a AED160-million agreement with NAFFCO, a leading UAE-based manufacturer and supplier of fire protection systems, to supply NAFFCO’s local and regional infrastructure projects with Borouge’s innovative and sustainable polyethylene (PE100) materials. Hazeem Sultan Al Suwaidi, Chief Executive Officer of Borouge, said: “Our partnership with NAFFCO underscores how Borouge is leveraging its advanced polyolefin technology to enhance mega projects and support the UAE's economic diversification and industrial growth. The two-year agreement will supply NAFFCO with Borouge’s innovative polyethylene solutions to enable local and regional megaprojects. We are proud to be contributing to the nation’s economic landscape and demonstrating that locally manufactured products are synonymous with global excellence." Under the two-year agreement, Borouge will provide advanced infrastructure solutions to NAFFCO for various infrastructure projects across the region, including the Guggenheim Museum, the Riyadh city project, Mohammad Bin Zayed City, the Yas Island Development Project, the Dubai Hills Project, Heat of Europe Island, and Etihad Water and Electricity projects. Rehab Ateeq
BOROUGE SIGNS AED160 MILLION SUPPLY AGREEMENT WITH NAFFCO
Renowned for their corrosion and chemical resistance, pressure pipes made from PE100 can withstand extreme industrial conditions, ranging from high levels of impact to abrasions and stress cracking. In addition, the pipes are notable for their long-term pressure resistance, making them some of the most efficient and dependable solutions in the market.
Ahmed Khalid Al Khatib, Group Managing Director of NAFFCO, said: “Partnering with Borouge allows us to enhance our offering to ever-growing markets such as the UAE. It is important to have a collaboration with a strong partner such as Borouge to cater to the needs of various infrastructure developments. NAFFCO’s commitment to innovation and sustainability, particularly in producing high-quality, ‘Made In UAE’ pipes, aligns with the mission of providing the best in fire safety. This collaboration underlines our commitment to leading the industry, driving innovation, and positioning the UAE at the forefront of fire safety technology.”
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About Borouge Plc
Borouge Plc, listed on the Abu Dhabi Securities Exchange (ADX symbol: BOROUGE / ISIN AEE01072B225), is a leading global polyolefins company that provides innovative and differentiated polyolefin solutions for the infrastructure, energy, mobility, healthcare, agriculture and advanced packaging industries. Borouge employs more than 3,100 people and serves customers in over 86 countries across Asia, the Middle East and Africa.
Founded in 1998 through a strategic partnership between ADNOC and Borealis, Borouge was formed to build and operate a polyolefins complex in Al Ruwais Industrial City, United Arab Emirates, which today is one of the world’s largest integrated polyolefin complexes. ADNOC owns a majority 54% stake and Borealis holds a 36% stake in Borouge.
To find out more, visit: borouge.com
For further information, please contact:
Vice President, Global Communications
Media@borouge.com
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