Commercial bids for Borouge plant were submitted on 6 May
Adnoc is planning to award the engineering, procurement and construction (EPC) contract to build an Anteo production plant in Ruwais in August, according to industry sources.
Contractors submitted commercial bids for the Abu Dhabi Polymers Company (Borouge) petrochemicals plant on 6 May.
The Anteo brand was launched in October 2017 by Borouge, a joint venture of Abu Dhabi National Oil Company (Adnoc) and Austrian petrochemicals company Borealis.
Borealis describes Anteo as a “family of linear low-density polyethylene (LLDPE) packaging grades for the global packaging market”.
Technical bids for the production plant were submitted on 22 February.
Bidders include Pakistan-based Descon and UAE-based Target Engineering. Industry sources expect the contract to be worth between $70m and $100m.
Finland-based Neste Jacobs was awarded the front-end engineering and design (feed) contract for the project.
The Anteo product range was launched simultaneously in Austria, the UAE and China. It is being marketed as a material for the production of flexible packaging.
The planned facility at Ruwais is due to come online in 2021.
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