United Arab Emirates Petrochemicals Report Q1 2015 - New Market Report

The UAE is driving up petrochemicals capacities, but producers face a challenging external market as well as the prospect of rising naphtha feedstock prices, according to BMI's latest UAE petrochemicals report. Borouge will remain the focus of the development of the UAE's petrochemicals industry over the medium term, with an additional 2.5mn tonnes per annum (tpa) coming onstream in 2014 following the completion of Borouge 3 in Ruwais, Abu Dhabi in May 2014, when the operators started test runs on the cracker facility.

Borouge began test runs at its new 1.5mn tpa ethane cracker in Q214, although it will be some months before full commercial production is achieved and downstream units of the Borouge 3 complex are fully operational, including two Borstar polyethylene (PE) units with a combined capacity of 1.08mn tpa, two Borstar polypropylene (PP) units with a combined capacity of 960,000tpa and a 350,000tpa low density PE (LDPE) unit. The project also includes an 80,000tpa cross-linked polyethylene (XLPE) plant, which Borouge said will be a value-added complement to the 350,000tpa low-density polyethylene (LDPE) unit at the site.

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Meanwhile, Abu Dhabi is developing the Abu Dhabi National Chemicals Company (Chemaweyaat), a JV involving Abu Dhabi National Oil Company (ADNOC, 20%), International Petroleum Investment Company (IPIC, 40%) and the Abu Dhabi Investment Council (40%), which it hopes will be the world's largest petrochemical complex, located in Khalifa Industrial Zone at Taweelah. It will include an olefins plant, an aromatics complex and a range of downstream polymer and chemical units, and is due to start production in 2014. The naphtha cracker will have capacity of 1.5mn tpa, but the exact details of the capacities of downstream units are unclear.

* In the short term the export market is challenging. UAE producers will feel the squeeze of moderating economic activity in Europe and Asia and the continuing growth in capacity in emerging markets. China...

The United Arab Emirates Petrochemicals Report has been researched at source, and features Business Monitor International (BMI)'s market assessment and independent forecasts for key petrochemicals sub-sectors. The report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing companies by products and services, sales, market share, investments, projects, partners and expansion strategies.

BMI's United Arab Emirates Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Emirati petrochemicals industry.

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