wiredinUSA August 2018

Polypropylene venture

Compound acquisitions

Borouge Plant

Japanese materials supplier Mitsubishi Chemical Corp (MCC) has announced plans to buy the Indonesian PVC compound producer PT ABC Plastindo. The acquisition will be completed in August. Plastindo supplies products for various applications including automotive components, electronic cables and electrical appliances. MCC has thermoplastic elastomer and PVC compound production sites in Thailand, operating its business mainly for automotive application. With the acquisition of Plastindo, MCC expects to accelerate its business expansion into the automotive and electronic cable segments in the growing ASEAN region. In late June the company announced its acquisition of the Mumbai-based PVC compounder Welset Plast Extrusions Pvt Ltd, aimed at increasing MCC’s footprint in the ASEAN medical market. MCC has stepped up its mergers and acquisitions activities in the performance polymer sector in recent months.

Maire Tecnimont SpA has been awarded an EPC contract by the Abu Dhabi Polymer Company (Borouge) for a new polypropylene unit in Abu Dhabi. Borouge is a joint venture between the Abu Dhabi National Oil Company (ADNOC), and Borealis, an Austrian manufacturer of petrochemical and plastic solutions. The scope of the work includes a new polypropylene unit and its attached structures, to be integrated into the existing Borouge 3 complex. The polypropylene unit will have a maximum capacity of 480,000 tons per year, and completion of the project is expected by the end of 2021. TheMaire Tecnimont Group has supported the development of the Abu Dhabi petrochemical value chain since the end of the 1990s, with the first Borouge complex of polyolefins (Borouge 1) completed in 2001. The group has completed two further expansion projects of the complex in 2007 and 2010 (Borouge 2 and Borouge 3).

wiredInUSA - August 2018

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