A key pillar of our Petroleum and Petrochemicals strategy is to support the continued development of the downstream petroleum sector in Abu Dhabi. This effort helps realize greater value from the nation’s petroleum resources, as well as providing profitable growth opportunities for our refining and petrochemical businesses.

Mubadala is working with our portfolio companies Cepsa, Borealis and, most recently, OMV in partnership with ADNOC deliver this goal.

As the world’s leader in the production of Linear Alkylbenzene (LAB), Cepsa will be bringing this technology to the UAE. The new LAB facility will be fully integrated within the ADNOC refining and petrochemicals complex in Ruwais, Abu Dhabi. It will use feedstocks of kerosene and benzene while benefitting from the suite of utilities and services at the Ruwais complex. The facility is expected to have a production capacity of 150,000 tons per annum and upon completion will be the world’s largest LAB plant.

Through Borouge ― a joint venture between Borealis and ADNOC ― Mubadala continues to support the expansion of petrochemicals capacity in the UAE. Borouge’s latest polypropylene plant (PP5), for which the Engineering, Procurement and Construction (EPC) contract was awarded in mid-2018, will be integrated with the existing Borouge 3 complex in Ruwais and grow the polymer production capacity to almost 5 million tons per annum by 2021.

These projects demonstrate Mubadala strategy in mobilizing technology, operating expertise, market knowledge and capital from its portfolio companies to contribute to the sustained and profitable growth of Abu Dhabi’s downstream capabilities.