Borouge establishes new warehouse in Singapore
The new Asia Regional Warehouse joins Borouge’s existing warehouse in Singapore. Borouge added that the new warehouse highlights the company’s commitment to Southeast Asia, where they expect polyolefin demand to grow from 8.6 million tons/year in 2010 to 14.2 million tons/year in 2020. The new warehouse will have a maximum storage capacity of 120,000 tons whereas Borouge’s existing warehouse has a maximum capacity of 44,000 tons.
The company stated that Singapore is the most convenient location to build the new warehouse since the country has a strategic location and favorable business conditions as well as efficient port authorities, which enable the company to meet its needs. The company is currently conducting an expansion project that will bring the combined capacity of Borouge, along with its parent company Borealis, to approximately 8 million tons/year of polyolefins.
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