# ADNOC and Borealis sign $6.2B investment agreement to build Borouge 4 in Ruwais

ADNOC and Borealis signed a final investment agreement worth USD 6.2 billion to build Borouge 4, a polyethylene expansion at the Ruwais complex in the UAE. It will produce 1.4 million tons of polyethylene per year, including a 1.5 million ton ethane cracker.

- Type: Expansion
- Announced: 2021-11-15
- Where: Ruwais, United Arab Emirates
- Value: $6.20B
- Status: announced
- Capacity: 1.4 million tons per annum of polyethylene
- Products: polyethylene, polyolefins, Borstar polyethylene, cross-linked polyethylene
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Borealis](https://endata.com/companies/242.md) (partner)
- [ADNOC](https://endata.com/companies/2481.md) (investor)

## Sources

- [omv.com](https://www.omv.com/en/investors/news-and-events/news/2021/20211115-khaled-bin-mohamed-bin-zayed-witnesses-signing-of-usd-6-2-billion-strategic-partnership-between-adnoc-and-borealis-to-expand-borouge-facility), 2021-11-15: "today witnessed the signing of a strategic partnership that confirms an USD 6.2 billion investment agreement between ADNOC and Borealis AG to build the fourth Borouge facility"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.