Borouge South East Asia Logistics Hub in Singapore

Following the contract win, CWT Logistics will undertake the design, development and construction of a Packaging Facility, together with providing dedicated existing state-of-the-art Warehouse Facilities at the Singapore Commodity Hub for the storage of Borouge Products.

In addition to the storage facilities, CWT Logistics will also be providing packaging services and an integrated container depot so as to handle a total annual volume of approximately 330,000 tonnes of polyolefins dispatched by Borouge from Abu Dhabi in the United Arab Emirates (UAE) to the South East Asia (SEA) logistics hub.

Abdulaziz Alhajri, CEO of Borouge Abu Dhabi Polymers, the manufacturing company, explained:

"The South East Asia logistics hub is the third (3rd) logistical hub to be awarded by Borouge in the Far East. The hubs will provide storage and logistics support for our operations close to our customers. It will enable us to provide a fast, flexible delivery service to our customers, for all of Borouge's high value product lines, especially more so for our customers in South East Asia, Australia and the surrounding regions as Singapore represents an unrivalled trans-shipment hub in the Far East."

Mr. Alhajri adds, "With CWT Logistics being an established long term Logistics provider in Singapore, having a strong knowledge of the region and the local logistics market, Borouge in turn view this award of Services as a very positive step forward in Borouge's growth in South East Asia / the Far East and similarly see this growth being enhanced by CWT's capabilities as a partner in this endeavor."

Eric Herman, CEO of CWT Logistics, noted, "At CWT Logistics, we continually strive for service excellence through our people, our well-designed processes and our professionalism. We are able to generate synergies from the various expertise within the Group so as to arrive at a solution that is efficient, cost effective and tailored to our partners."

Herman added, "For the Borouge South East Asia (SEA) / Singapore Logistics Hub, CWT combines its extensive network, strong supply chain knowledge and innovation of warehousing to provide the most robust solution for Borouge to meet their future growth plans by bringing them closer to their markets and delivering a best in class service to their customers in the region."

Borouge's current production capacity in the UAE is 600,000 tonnes of Borstar polyethylene per year. With the ongoing Borouge 2 project expansion, this capacity will increase to 2 million tonnes per year by the middle of 2010 and will add polypropylene to the product mix. Construction of the Borouge 2 facility has already started and consists of a 1.5 million tonnes ethane cracker, the world's largest olefins conversion unit (with a capacity of 750,000 tonnes), two Borstar polypropylene plants with a total capacity of 800,000 tonnes and a 540,000 tonnes Borstar polyethylene plant.