Borouge secures $100mln in new supply agreements
ABU DHABI - Borouge Plc, a leading petrochemicals company that provides innovative and differentiated polyolefins solutions, has announced new supply agreements and collaborations valued at over $100 million (AED367 million), reinforcing the company's leading position in advancing sustainability and delivering cutting-edge materials.
Borouge has signed a total of four agreements to supply advanced polyethylene and polypropylene, including with Bericap for high-performance closures and dispensing systems; Taghleef Industries for durable and flexible packaging films; INDEVCO Group for sustainable packaging solutions; and ALPLA for high-quality and smart advanced packaging solutions.
The new partnerships will meet the evolving needs of industries, including packaging, reflecting Borouge's focus on creating innovative materials that improve product safety and reduce wastage by significantly extending shelf life of food, while also improving recyclability to reduce the impact on the environment.
Approximately 80 percent of Borouge's polyolefin products are differentiated and designed for fast-growing sectors such as energy, infrastructure, mobility, healthcare, agriculture, and advanced packaging.
Borouge is also advancing a zero-waste strategy by leveraging the synergies of its virgin and recycled polyolefin solutions to promote circularity.
The company also sealed a collaboration agreement with Tahzeem Packaging and Rebound to produce heavy-duty shipping sacks that will utilise 30 percent post-consumer recycled (PCR) polyethylene. These packaging solutions demonstrate how Borouge is leveraging close partnerships and advanced technologies to enable its customers to reach their sustainability goals at a more accelerated pace.
Hazeem Sultan Al Suwaidi, Chief Executive Officer of Borouge, said, "By providing high-quality and differentiated polyolefin solutions, we are enabling our partners to enhance product durability, improve recyclability, and reduce environmental impact. Borouge materials are engineered to meet the evolving needs of advanced packaging, ensuring efficiency, safety, and long-term performance."
He added that through these partnerships, Borouge is strengthening supply chains and shaping the future of sustainable manufacturing by delivering cutting-edge solutions that create real value for customers and the industries they serve.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
5 days ago
- Zawya
XRG board endorses five-year plan to accelerate global growth and deliver long-term value
RELATED TOPICS ENERGY RELATED COMPANIES Blackstone DE Prometheus CBUAE DOF Abu Dhabi ADNOC Metatron Apps Borouge Covestro Osaka Gas Co Abu Dhabi Dev. Directs XRG to build a top five integrated global gas and LNG business with 20–25 mtpa capacity by 2035 Supports assessment of upstream gas M&A and LNG expansion opportunities to strengthen North American gas position Board mandates creation of top three global chemicals platform anchored by Borouge Group International and Covestro XRG strategy includes investments in AI-linked power demand, energy infrastructure, and select low-carbon growth Abu Dhabi, UAE – June 3 2025: The Board of Directors of XRG, the international energy investment platform launched by ADNOC in November 2024, today endorsed the company's five-year business plan for 2025–2030, reaffirming its commitment to accelerated growth and long-term value creation. In its first six months, XRG has established itself as a differentiated global energy investor with an enterprise value exceeding $80 billion. The Board endorsed the plan to scale XRG's three core platforms – International Gas, Global Chemicals, and Energy Solutions. His Excellency Dr. Sultan Ahmed Al Jaber, Executive Chairman of XRG and Managing Director and Group CEO of ADNOC, said: 'As we enter a new era shaped by artificial intelligence, digital infrastructure, and industrial growth, energy systems must evolve in both scale and sophistication. XRG is investing in the energy systems of the future – more integrated, more resilient, and responsive to global demand. With the Board's endorsement of our five-year business plan, we are scaling platforms in gas, chemicals, and energy solutions to drive long-term value and ensure energy remains a catalyst for sustainable growth and development.' The Board directed XRG to build a top five integrated global gas and liquefied natural gas (LNG) business, targeting 20–25 million tons per annum of capacity by 2035 and supported the assessment of potential upstream gas M&A and LNG opportunities to strengthen its North American gas position. This follows recent acquisitions and partnerships in the United States (Rio Grande LNG), Mozambique (Area 4 Rovuma Basin), Egypt (Arcius Energy), Azerbaijan (Absheron), and Turkmenistan (Offshore Block I), enabling XRG to meet rising global demand for flexible, lower-carbon energy. The Board also endorsed the company's ambition to create a top three global chemicals platform. Subject to respective regulatory approvals, the proposed formation of Borouge Group International and the proposed acquisition of Covestro anchors an industry leading portfolio across polyolefins, performance materials, and future specialty segments. Recognizing the exponential growth in AI-linked power demand, particularly in the United States, the Board directed XRG through its Energy Solutions platform to expand its investments across the energy value chain while continuing to develop select opportunities in carbon capture and storage and low-carbon fuels such as biofuels and low-carbon hydrogen that align with attractive return profiles. XRG will execute on its 2025–2030 business plan immediately, with continued focus on disciplined capital deployment, platform integration, and value chain expansion to support global industrial growth and the ongoing digital transformation. Board Composition Dr. Sultan Ahmed Al Jaber Executive Chairman Background: UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO. Dr. Al Jaber has over 25years' experience spanning the energy, industrial, investments, infrastructure, sustainability and advanced technology sectors and has been instrumental in helping to advance the UAE's energy diversification. Mohamed Hassan Alsuwaidi Board Member Background: UAE Minister of Investment and Managing Director and CEO of ADQ. Alsuwaidi brings extensive investment experience across multiple sectors, including utilities, metals and mining, infrastructure, technology, and agriculture. Dr. Ahmed Mubarak Al Mazrouei Board Member Background: Chairman of the President's Office for Strategic Affairs and Chairman of the Abu Dhabi Executive Office, Dr Al Mazrouei is a pivotal figure in the UAE's financial and economic governance. Jassem Al Zaabi Board Member Background: Chairman of the Abu Dhabi Department of Finance, Chairman of the Board of e& and Vice Chairman of the UAE Central Bank. Al Zaabi's expertise spans finance, investment, technology, real estate and infrastructure. Jon Gray Board Member Background: President & Chief Operating Officer of Blackstone. Mr. Gray is a globally recognized investor and long-serving leader at the largest alternative asset management firm. With more than $1T in AUM, Blackstone invests broadly across private equity, real estate, infrastructure, energy, secondaries, credit & insurance. Nassef Sawiris Board Member Background: Executive Chair of OCI Global. Mr. Sawiris is a globally recognized investor and business leader with decades of experience in steering businesses across sectors including investment, commodities, construction, and infrastructure. Bernard Looney Board Member Background: Chairman of Prometheus Hyperscale and former CEO of bp. Mr. Looney brings vast expertise across the global energy supply chain as well as investing in traditional and renewable energies. About XRG: XRG is a transformative international energy investment company, focused on natural gas, chemicals and scalable energy solutions to help power AI and industry globally. Headquartered in Abu Dhabi and wholly owned by ADNOC, XRG has an enterprise value of over $80 billion. XRG's portfolio includes operating and non-operating interests in industry-leading companies that are meeting the rapidly increasing global demand for energy and the chemicals that are essential to enable sustainable economic growth.
What's On
22-05-2025
- What's On
ROX Motor announces partnership with W Motors to create NEVs in Abu Dhabi
Sponsored: This partnership will increase the UAE's industrial base, tech innovation and net-zero goals… ROX Motor, a global luxury new energy vehicle brand, has announced a strategic partnership with W Motors, the UAE's leading high-performance vehicle manufacturer, to bring production and assembly of its vehicles into the United Arab Emirates. The agreement, signed at Make it in the Emirates (MIITE) 2025, marks a major milestone in enhancing the regions manufacturing and supporting the UAE's industrial and sustainability goals. As part of this collaboration, ROX Motor will begin producing its vehicles – starting with the ROX 01 – at W Motors' new facility in Abu Dhabi. This move signifies the first time ROX vehicles will be manufactured outside of China, reflecting a commitment to local adaptation and regional resilience. 'This partnership accelerates our regional growth and aligns with the UAE's industrial strategies,' said Jarvis, founder and CEO of ROX Motor. 'Together with W Motors, we're building the future of sustainable mobility in the UAE and beyond. Ralph Debbas, founder and CEO of W Motors, added: 'We're proud to lead the manufacturing of ROX 01 in Abu Dhabi. This collaboration enhances our ability to provide advanced contract manufacturing and supports the UAE's ambition to become a global automotive hub.' The partnership supports key national initiatives including Operation 300bn, Industry 4.0, and Net Zero by 2050, reinforcing both companies' roles in shaping a sustainable and self-reliant automotive future for the region. In addition to local manufacturing efforts, ROX Motor is accelerating innovation through strategic technology partnerships in the UAE. The company recently entered a collaboration with Enercap to advance high-performance battery cell applications across its products, enhancing deployment and operational efficiency regionally and globally. ROX Motor has also signed an agreement with leading petrochemical company Borouge to explore joint research and development on advanced polyolefin materials for automotive use, further strengthening its localised supply chain and supporting the UAE's Operation 300bn strategy. Borouge collaboration brings advanced polyolefin innovation, enabling lighter, more durable interiors and exteriors tailored for everyday use – from bustling city streets to open desert. > Sign up for FREE to get exclusive updates that you are interested in
Gulf Business
22-05-2025
- Gulf Business
ROX motor announces deal with W motors to produce NEVs in Abu Dhabi
Image: Supplied ROX Motor, a global luxury new energy vehicle brand, has announced a strategic partnership with W Motors, the UAE's leading high-performance vehicle manufacturer, to localise production and assembly of its vehicles in the United Arab Emirates. The agreement, signed at Make it in the Emirates (MIITE) 2025, marks a major milestone in enhancing regional manufacturing and supporting the UAE's industrial and sustainability goals. As part of this collaboration, 'This partnership accelerates our regional growth and aligns with the UAE's industrial strategies,' said Jarvis, founder and CEO of ROX Motor. 'Together with W Motors, we're building the future of sustainable mobility in the UAE and beyond.' Ralph Debbas, founder and CEO of W Motors, added: 'We're proud to lead the manufacturing of ROX 01 in Abu Dhabi. This collaboration enhances our ability to provide advanced contract manufacturing and supports the UAE's ambition to become a global automotive hub.' The partnership supports key national initiatives including Operation 300bn, Industry 4.0, and Net Zero by 2050, reinforcing both companies roles in shaping a sustainable and self-reliant automotive future for the region. In addition to local manufacturing efforts, ROX Motor has also signed an agreement with leading petrochemical company Borouge to explore joint R&D on advanced polyolefin materials for automotive use, further strengthening its localised supply chain and supporting the UAE's Operation 300bn strategy. Borouge collaboration brings advanced polyolefin innovation, enabling lighter, more durable interiors and exteriors tailored for everyday use – from bustling city streets to open desert.
