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The National

 •  November 1

Mubadala Investment Company, the Abu Dhabi investment firm, plans to increase investment in petrochemicals, amid optimism for future growth due to cheap natural gas prices. “We’re thinking this is the right time to invest because of the very competitive feedstock in the US due to the shale [gas] revolution,” said Musabbeh Al Kaabi, chief executive...

The National

 •  September 27

Four years ago, designers from General Motors decided that the colour for select models released in 2017 would be green. It was not a decision made over an early morning departmental meeting. It took time, with team members travelling around the world attending fashion catwalk shows to trade events for interior design. Sharon Gauci, GM’s director...

The National

 •  July 23

Abu Dhabi's plans to become a global downstream industries leader will hinge to some extent on securing customers in key markets in Asia. The emirate is already a top two producer of olefins and polyolefins if all of its petrochemicals and plastics interests are taken collectively, including the Borouge JV between Borealis and the Abu Dhabi...

The National

 •  July 16

Abu Dhabi has moved forward on a multi-billion-dollar expansion of the Borouge petrochemicals complex at Ruwais which is aimed at increasing both the variety and volume of products it can produce. Abu Dhabi National Oil Co (Adnoc) and Vienna-based Borealis, which shares ownership of Borouge 60/40, said on Sunday that they had approved the initial...

The National

 •  May 11

Abu Dhabi National Oil Company (Adnoc) said yesterday that it was ramping up production of high-grade polymer products to meet demand from China’s car industry as well as the country’s investment in gas and electricity infrastructure. "As we look toward smart growth across our businesses, we see China and the wider Asia region as major...

The National

 •  January 19

Saudi Basic Industries Corp, Sabic, one of the world’s biggest petrochemical producers, said yesterday its fourth-quarter net profit rose by nearly 48 per cent as its average cost of sales and expenses fell. Net profit for the three months to the end of December increased to 4.55 billion Saudi riyals (Dh4.45bn) from 3.08bn riyals in the...

The National

 •  January 8

Borouge, the petrochemical joint venture between Abu Dhabi National Oil Company and Austria’s Borealis, is gaining ground in Pakistan by offering quality products and competitive pricing despite growing regional competition for GCC plastics manufacturers. One of Pakistan’s largest plastics manufacturer, Jilani Plastic, said that Borouge has...

The National

 •  January 7

Amid intensifying global and regional competition, GCC plastics producers are turning to new frontier markets including in Africa. At least 2 million new polyethylene (PE) and polypropylene (PP) capacity will be brought online in the Middle East by 2020, said Muhamad Fadhil, the head of Middle East markets at Icis, a petrochemical market firm. But...

The National

 •  November 6, 2016

If it was not clear before last week, it certainly is now – Abu Dhabi Inc plans to grow substantially in petrochemicals in the coming decades as a cornerstone of this country’s strategy to diversify away from oil through technology-driven industries. The state oil company, Abu Dhabi National Oil Company (Adnoc), last week won approval from the top...

The National

 •  October 19, 2016

Above, the Saudi Basic Industries Corp headquarters. Sabic is 70 per cent owned by the Saudi government. Faisal Al Nasser / Reuters Saudi Basic Industries Corp, the world’s fourth-largest petrochemicals company, said third-quarter profit fell by nearly 7 per cent because of weaker markets for its products and rising costs. The company said net...