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n### Borouge Secures $100 Million in New Supply Agreements, Reinforcing Leadership in​ Sustainable Solutions

Abu Dhabi-based‌ Borouge, a leading ‍petrochemical company specializing in innovative polyolefin solutions, has announced the signing of new ⁣supply and cooperation agreements worth over AED 367 million ⁢($100 million). These‌ agreements underscore Borouge’s commitment to advancing sustainability and delivering cutting-edge materials ‌to meet the evolving needs⁤ of various industries.

The company revealed ⁤three⁢ new solutions for developed packaging materials, addressing critical challenges faced by industrial ⁤sectors. These innovations are part of Borouge’s broader strategy to ​enhance product safety, reduce waste, and improve recyclability, thereby minimizing environmental ⁤impact.

Key Agreements and Partnerships

Borouge⁣ signed four meaningful⁣ agreements, each tailored⁤ to specific industry ⁢needs:

  1. Berkap: Borouge will supply polyethylene and polypropylene for the production of high-performance packaging.
  2. Tingag Industries: The partnership focuses on manufacturing solid‌ and flexible packaging solutions.
  3. Industrial Development‍ Company: This collaboration aims to produce‌ sustainable ⁢packaging solutions.
  4. Albla Company: Borouge will provide materials for high-quality smartphone packaging.

These partnerships are ‍designed to meet the increasing demands of sectors such ‌as packaging,energy,infrastructure,automotive,healthcare,and agriculture. Notably, 80% of Borouge’s diverse product portfolio is derived from polyolefin, ⁢a material that supports‍ fast-growing industries.

Advancing Sustainability through Innovation

Borouge is also working on a zero-waste ‍strategy, leveraging⁤ collaborations to produce raw and recycled polyolefin solutions. This approach enhances recycling efforts and ⁤reduces environmental footprints.

In a groundbreaking move, Borouge partnered with Hazar​ Packaging and Ribnond to⁣ develop industrial packaging solutions for heavy goods. These‍ products incorporate 30% ⁤post-consumer recycled polyethylene, significantly reducing carbon‌ emissions.​ This innovation enables Borouge’s customers to accelerate their ‍sustainability goals,supported by the company’s advanced technologies and ‌strategic ⁣partnerships.

Leadership Insights

Hazim Sultan Al Suwaidi, CEO of⁣ Borouge, emphasized ⁢the company’s role in driving ⁤sustainability: “By providing high-quality and differentiated polyolefin solutions, we enable our partners to enhance product quality, improve recyclability, and reduce environmental impact. Our ‍materials are designed to ⁢meet the growing needs of the developed packaging sector, ensuring efficiency, safety, and ⁢long-term performance.”

through ‌these partnerships, Borouge is not only enhancing supply⁣ chains but also shaping ⁤a sustainable future for the ‌manufacturing sector. The company’s advanced solutions deliver real value to⁢ customers ⁤and the industries they serve.

recent⁢ Product Launches

borouge recently introduced a range of new advanced products, leveraging the successful submission of borstar technology licensed from Borealis. These innovations further solidify ​Borouge’s position as a‍ leader in the​ petrochemical ⁢industry.

Summary of Borouge’s⁣ New Agreements

| Partner ⁢ ‍ ⁢ | focus Area ⁤ ⁤ ⁢ ⁣ | Key Contribution ‍ ⁣ ⁣ ⁢ ‌ ‌ ‌ ‌ ‌ ⁣ ‌ ⁣ ⁣ ⁤ |
|—————————|—————————————–|————————————————————————————-|
| ⁣Berkap ⁣ |⁣ High-performance packaging ​ ‌ | Supply of ​polyethylene and polypropylene ​‍ ​ ⁢ |
| Tingag Industries ​ | Solid and flexible packaging ⁢‍ ‌ |⁣ Manufacturing solutions for diverse packaging needs ⁢ ‌ ⁢ ⁤ |
| Industrial Development Co.| Sustainable⁣ packaging ‍ ⁢ ⁢ | Production of eco-friendly packaging materials ⁢ ​ ​ ​ ‌ ​ |
| Albla ​Company ‍ ⁣ | Smartphone packaging ‌ | High-quality materials for advanced smartphone packaging ‌ ‍ ⁤ ​ ‍ |
| Hazar Packaging & Ribnond |⁢ Industrial packaging for heavy goods | 30% post-consumer recycled polyethylene,reducing carbon footprint ⁣ ⁤ ‍ ​ |

borouge’s latest initiatives ‌highlight⁢ its ⁤dedication to innovation and sustainability,setting new benchmarks for ⁤the petrochemical industry. By fostering strategic collaborations⁢ and leveraging advanced technologies, Borouge continues to lead the way in delivering solutions that address global challenges while creating value for its partners and customers.

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