Page 163 - CW E-Magazine (6-8-2024)

News from Abroad

PETROCHEMICALS
ADNOC, Borealis and Borouge join up with Wanhua

Chemical to explore polyolefi ns complex in China

A consortium of UAE State-owned
oil fi rm Abu Dhabi National Oil Com-
pany (ADNOC), Austria’s petrochemi-
cals producer Borealis and UAE’s
Borouge, has initiated a joint feasibility
study for a proposed greenfi eld specia-
lity polyolefi ns complex in collabo-
ration with China’s Wanhua Chemical.

Borouge is 54% owned by ADNOC
and 36% by Borealis, while Borealis
is owned 75% by Austria’s OMV with
ADNOC holding 25%.

The consortium recently signed the planned polyolefi ns complex with fi nancial commitments will be estab-
a Project Collaboration Agreement 100% zero-carbon electricity, supported lished following the completion of the
(PCA) with Wanhua Chemical and by the local government. feasibility study, which will also explore
Wanrong New Materials (Fujian), artifi cial intelligence (AI) solutions to
a subsidiary controlled by Wanhua The fi nal structure of the project and support automated plant operations.
Chemical.
NEWS IN BRIEF
The proposed complex in Fuzhou, Unilever joins Fragrance Creators
Fujian Province, is set to produce 1.6-
mtpa of speciality polyolefi ns lever- Association
aging both Borealis’ proprietary Borstar
technology and Borouge’s sales net-
work. The consortium intends to estab- FMCG major, Unilever, has joined the Fragrance Creators Association,
lish a Sino-foreign joint venture with where it will contribute to strategies aimed at enhancing consumer understand-
Wanrong New Materials (Fujian), with ing, promoting science-based policies and fostering sustainable innovation in
a shareholding ratio of 50:50 respec- fragrance development.
tively, subject to customary regulatory Mane opens new creative centre in Milan
approvals.

The proposed project will leverage French fragrances & fl avours fi rm,
Borouge and Borealis’ industry and Mane, has opened its new Creative Centre
commercial expertise, as well as tech- in Milan’s design district.
nology, supply-chain and logistics syn-
ergies across the ADNOC Group. It will Mane said the company’s entire palette
also benefi t from Wanhua Chemical’s of fragrance raw materials will be on hand
track record and network in the Chinese at the new centre, enriched by new Italian
market, along with China’s competitive ingredients. “Our perfumers will have free
construction and energy costs, as well access to the lab facilities and equipment
as its accelerated execution timelines. and will be able to meet with customers
there in order to fi ne-tune projects in real
The project partners intend to power time,” it added.

Chemical Weekly August 6, 2024 163

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