Published on March 27, 2018

Vienna based company Borealis owned by Mubadala Group (Abu Dhabi) and the energy group OMV (Vienna) has signed a agreement for joint venture with United Chemical Co. (UCC; Astana, Kazakhstan) to develop a world-scale petrochemical project at Atyrau, Kazakhstan. The project will include a 1.25-million metric tons/year ethane cracker and two 625,000 metric tons/year Borstar-process polyethylene (PE) units. The deal is the latest chapter in Borealis’s globalization strategy. The company is a JV partner with Abu Dhabi National Oil Co. in Borouge, a major polyolefins producer in the process of installing the Borouge 4 complex. Borealis has also announced a joint venture partnership with Total and Nova Chemicals to build a steam cracker at Port Arthur, Texas and a PE plant at Bayport, Texas. The JV will also own Total’s 400,000-metric tons/year PE plant at Bayport.