According to WAM, Borouge, a petrochemical company based in Abu Dhabi, is providing sustainable polyethylene materials worth $26.5m (Dhs120m) for several development projects in the Middle East and Africa regions. The company is collaborating with local manufacturers to construct durable and reliable pipelines for various ongoing development projects in Egypt, Oman, and Tanzania. The pipes are made from various grades of BorSafe PE100 polyethylene materials, enabled by advanced Borstar technology, which lowers installation, operational, and maintenance costs. Borouge’s materials also help reduce carbon emissions generated during the manufacturing process and the operational lifespan of the pipes.
The Al Mudhaibi Water Supply Project in Oman, the Toshka Project in Egypt, and the Dar Es Salaam Water and Sewage Project in Tanzania are among the major ongoing projects using the Abu Dhabi-based company’s materials. In 2022, the company reported an 8% increase in full-year revenues to $6.72bn and an annual net profit attributable to the owners of $1.4bn, an 8% decrease from a year earlier. Borouge is committed to paying $975m in post-IPO dividends to shareholders for 2022 and at least $1.3bn for 2023. The company also secured two contracts worth Dhs55m to supply polyolefins to UAE cable maker Ducab and Union Pipes Industry (UPI), its partner customers.