Abu Dhabi Polymers Park to Host up to 70 Companies
LONDON (ICIS news)--Abu Dhabi Polymers Park (ADPP), a plastics conversion cluster launched in 2008, expects to host between 50 and 70 companies when it reaches full capacity in 2015, its senior advisor Gustaf Akermark told ICIS news on Wednesday.
A total of $4.5bn (€3.5bn) is expected to be invested in the park in Mussafah, Abu Dhabi, which will consume between 1m and 2m tonnes/year of plastics, mainly polyethylene (PE) and polypropylene (PP).
The first plant to start operating will be an artificial grass yarn facility using PP for Bonar Emirates Technical Yarns, a joint venture between Abu Dhabi Basic Industries (ADBIC) and Low & Bonar. Completion was scheduled for the second quarter.
Akermark said that another 10 tenants, a mix of international and local companies (from the United Arab Emirates and other parts of the Gulf region), would start construction in the middle of this year.
ADBIC and Maersk Logistics have finished a feasibility study on providing end-to-end logistics and supply chain services.
ADPP’s vice president Tariq Al Wahedi said he hoped to have an agreement in place with a logistics company by the end of the second quarter.
“We will have very competitive rates and services that will benefit our converters, reflecting savings for them,” says Al Wahedi.
The park would be able to pool tenants’ purchasing requirements, leveraging volumes and securing the best prices. Other benefits included a tailored service package as well as competitively priced utility and land costs.
ADPP said that between 2009 and 2012 more than 15m tonnes/year of polymer capacity would go onstream in the Gulf Cooperation Council (GCC) region.
A total of $4.5bn (€3.5bn) is expected to be invested in the park in Mussafah, Abu Dhabi, which will consume between 1m and 2m tonnes/year of plastics, mainly polyethylene (PE) and polypropylene (PP).
The first plant to start operating will be an artificial grass yarn facility using PP for Bonar Emirates Technical Yarns, a joint venture between Abu Dhabi Basic Industries (ADBIC) and Low & Bonar. Completion was scheduled for the second quarter.
Akermark said that another 10 tenants, a mix of international and local companies (from the United Arab Emirates and other parts of the Gulf region), would start construction in the middle of this year.
ADBIC and Maersk Logistics have finished a feasibility study on providing end-to-end logistics and supply chain services.
ADPP’s vice president Tariq Al Wahedi said he hoped to have an agreement in place with a logistics company by the end of the second quarter.
“We will have very competitive rates and services that will benefit our converters, reflecting savings for them,” says Al Wahedi.
The park would be able to pool tenants’ purchasing requirements, leveraging volumes and securing the best prices. Other benefits included a tailored service package as well as competitively priced utility and land costs.
ADPP said that between 2009 and 2012 more than 15m tonnes/year of polymer capacity would go onstream in the Gulf Cooperation Council (GCC) region.
By Elaine Burridge (source: www.ICIS.com)
