Borouge opens $70 million Innovation Centre opened in Abu Dhabi

Borouge officially opened its Innovation Centre in Abu Dhabi on Tuesday to help expand research and innovation in the field of polymer development.

Abdulaziz Alhajri, the petrochemicals company’s chief executive, detailed how important the centre was for the company and the UAE. “As manufacturers are investing in improving their products while adhering to consumer tastes and new regulations, we must [also] be at the cutting edge of innovation and work together with our partners to find solutions to market needs,” he said.

Borouge is a joint venture between Adnoc and Austria’s Borealis.

The material developed at the US$70 million facility can be used in a wide array of applications from plastic bags to the automotive industry. The Innovation Centre, which works in collaboration with other Borealis centres in Europe, includes 16 plastics research labs as well as more than 230 pieces of advanced testing equipment.

Currently about 15 per cent of sales come from new products developed at the centre, but the company expects that number to increase over the next five years. By that time, the centre expects to have filed about 750 patents, with new products accounting for about 1 million tonnes, or 25 per cent of annual sales.

The Innovation Centre employs approximately 70 people, with UAE nationals making up one-third of that number.

UAE INNOVATION WEEK EVENTS – NOVEMBER 25

Khalifa Fund: Innovation in small and medium enterprises, Sharjah

in5, open data for innovation talk, Dubai Internet City

Dubai SME, Unleash for innovation, Dubai

Innovations in Economy, Fujairah

Masdar City, The Solar Hub Launch, Abu Dhabi

Launch an Innovation Channel on YouTube, Ministry of Economy, Dubai

RAK Tourism Development Authority, showcasing new projects, Ras Al Khaimah

Emirates Global Aluminium, innovation competition, Al Taweelah

Ministry of Energy, launch of Year 2021 virtual museum, Abu Dhabi

Creativity Award, Sharjah

Dubai Financial Market: innovative issuers gathering, Dubai

Free your creativity competition, Department of Economic Development, Ras Al Khaimah

Securities and Commodities Authority: capital markets services conference, Dubai

Julphar: diabetes and technology conference, Ras Al Khaimah

Ministry of Economy: Innovations in economy show, Fujairah

Innovation in small and medium enterprises event, Kalba

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