Page 22 - Industrial Plant 2015

Fig. 1 - Project Borouge in Arabic means “tower” such as those 70 m Emirates). The joint venture is governed by the Project
Operating Centers high supporting the loop reactors, the beating heart of Management Board (PMB), which operated from
location the Ruwais Polyolefins Plants, which transform crude Tecnimont Home Office in Milan until all the engineering
oil derivates into impressive quantities of plastic. and procurement were completed and then shifted to
Ruwais in UAE.
Licensors
Joint venture organization
The shareholder Borealis is the licensor for the 4
Polyethylene and Polypropylene Units, while the license The joint venture was set up with a “one pocket - one
of the LDPE Unit is a combination of Basell High money” concept, where the profits and losses are
Pressure Technology and Borealis know how in the divided among the joint venture partners, with
production of high value wire and cable applications. Tecnimont as leader. The PMB of the joint venture was
constituted by a team of Senior Management members
Project Management Consultant from both organizations with a large pool of experience
(PMC) in the petrochemical field and was the guiding body
behind all the joint venture operations.
Bechtel UK is the Project Management Consultant The joint venture PMB was responsible for developing
appointed by Borouge for the project. Several members overall project execution strategies, ensuring proper
from Bechtel were mobilized in Milan immediately after and timely performances by all operational centers,
the kick-off meeting and later in Ruwais to ensure that taking care of the interfaces with Borouge and
the project is executed as per the specifications.
The joint venture was set up with
EPC Contractor a “one pocket - one money” concept,
where the profits and losses are divided
The EPC Contractor is TSJ are two leading EPC
Contractors in the world. TSJ is based in Malta with among the joint venture partners,
branch offices in Abu Dhabi, in UAE (United Arab with Tecnimont as leader

Industrial Plants - May 2015

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