18 articles
BASF and Borouge CEOs warn Europe's chemical sector faces significant consolidation and site closures over the next decade. This restructuring is driven by sustained cost pressures and competitiveness
Borouge reported a 23% quarter-on-quarter rise in net profit to $191 million for Q2 2026, driven by higher polyolefin prices despite Ruwais complex disruptions. Plans aim to restore full capacity in H
Borouge reported a 1% drop in Q2 net profit to $191 million due to higher costs and lower volumes from operational disruptions, though revenue rose on record polyolefin premiums. The company restored
Business Watch covers Syensqo's divestment and Lilly's drug success, while Borouge partners with UAE firms to bypass the Strait of Hormuz blockade. The polyolefins producer secures alternative export
Borouge is evaluating potential polyolefins infrastructure at Fujairah to export petrochemicals, providing an alternative route to the Strait of Hormuz. This logistical shift supports the shipment of
The UAE allegedly retaliated against Iranian attacks by striking targets including an Iranian refinery and petrochemical facility, coordinating with Israel following damage to its own Borouge plant.
ICIS Asia summarizes weekly developments in petrochemicals and energy, featuring Borouge's profit drop, China's record PP exports, and geopolitical effects on naphtha and LPG markets.
Borouge is rerouting shipments amid Hormuz Strait disruptions, causing a 13% year-over-year drop in Q1 petchem sales to 1.085 million metric tons. Production at its Ruwais plant is simultaneously ramp
Borouge and Wanhua Chemical subsidiary signed a 50/50 joint venture agreement to develop a 1.6 million metric tons per year steam cracker and polyethylene complex in Fujian, China. The project leverag
UAE's Borouge petchems complex temporarily shut after fires caused by debris from intercepted attacks disrupted operations. The facility produces 5.1 million metric tons of polyolefins annually.
A new 50/50 partnership between Adnoc’s XRG and OMV will create Borouge Group International, while Borouge 4 is scheduled to start up this month with 1.5 million mt/y ethylene and 1.4 million mt/y pol
Borouge has initiated pre-FEED for EU3 ethane cracker expansion and expects to award EPC for a 230,000-mt/year EU2 capacity hike later this year.
The merger involving Borealis, Borouge, and a Nova acquisition is set to close by end-Q1, creating the world's fourth-largest polyolefins player with over $500 million in initial synergies.
Borouge and Honeywell completed an AI-driven autonomous operation proof-of-concept at the Ruwais plant, projecting 20% efficiency gains and reduced downtime. This initiative supports Borouge's digital
Borouge posted record Q3 output of 1.39 MMt with strong Asia-Pacific sales, but expects petchem pricing to stay soft in Q4 as its polyolefins project nears startup.
Borouge's fourth project is over 90% complete, adding 1.4 MMt/y of polyolefin capacity by end-2025. Total Ruwais capacity will reach 6.4 MMt/y.
Borouge partners with Yokogawa to implement AI-powered autonomous control room operations at its Ruwais facility, aiming to enhance operational efficiency through advanced industrial automation techno
Borouge targets increased petchem sales to China after turnaround, despite Q2 sales dips from Complex 3 maintenance, while maintaining PE and PP price premiums.
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