The Abu Dhabi National Oil Company (ADNOC) has signed a memorandum of understanding (MOU) with Ravago Group (Ravago), to explore opportunities for cooperation at the Ruwais Industrial Complex in the UAE.
Ravago is a leading service solutions provider in the global polymers and chemicals market.
As part of ADNOC’s efforts to maximize value across its value chain, Ravago and ADNOC will explore ways to upgrade and commercialize the non-prime product generated at Borouge, the joint venture between ADNOC and Austria-based Borealis. This process, known as compounding, would take place at the proposed facility, situated in the Ruwais Industrial Complex.
Ravago’s manufacturing segment, operates 24 plants across 4 continents, producing plastics, rubbers and chemicals, serving the automotive, electronics, and building and construction industries through the company’s global distribution network. Both companies will also explore potential collaboration opportunities leveraging Ravago’s strengths across multiple areas to further unlock value within the petrochemical chain.
The Abu Dhabi National Oil Company (ADNOC) has signed a memorandum of understanding (MOU) with Ravago Group (Ravago), to explore opportunities for cooperation at the Ruwais Industrial Complex in the UAE.
Ravago is a leading service solutions provider in the global polymers and chemicals market.
As part of ADNOC’s efforts to maximize value across its value chain, Ravago and ADNOC will explore ways to upgrade and commercialize the non-prime product generated at Borouge, the joint venture between ADNOC and Austria-based Borealis. This process, known as compounding, would take place at the proposed facility, situated in the Ruwais Industrial Complex.
Ravago’s manufacturing segment, operates 24 plants across 4 continents, producing plastics, rubbers and chemicals, serving the automotive, electronics, and building and construction industries through the company’s global distribution network. Both companies will also explore potential collaboration opportunities leveraging Ravago’s strengths across multiple areas to further unlock value within the petrochemical chain.
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