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Neste Oyj: Neste Jacobs selected by Borouge as FEED contractor for polyethylene plant modification in Ruwais, UAE

Neste Jacobs Oy

Press Release
20 August 2015 at 9.00 am. (EET)

Neste Jacobs selected by Borouge as FEED contractor for polyethylene plant
modification in Ruwais, UAE

Borouge, the Abu Dhabi based leading provider of innovative, value creating
plastics solutions has selected Neste Jacobs, a technology, engineering and
project management company as a Front End Engineering and Design (FEED)
service contractor for its polyethylene plant modification project, located
in Ruwais industrial area, United Arab Emirates.

This project is the third FEED project in a row, which Neste Jacobs is
delivering to Borouge in the UAE under the long term service contract that
was previously signed between the two companies (Tier 1 contract). The
project scope includes FEED services such as process and plant engineering
and project management.

The project will be executed by Neste Jacobs' Abu Dhabi office and it will be
delivered within the course of year 2015.

"This contract is an important milestone in cooperation and partnership
between Neste Jacobs and Borouge," says Mr. Jarmo Suominen, CEO of Neste
Jacobs. "This project is also a proof that we are generating real added
values for our customers and provide high quality services competitively in
the Middle East and also globally."

"Neste Jacobs' extensive know-how of our polyethylene process technology and
our production plants combined with Neste Jacobs' local presence in the
Middle East were some of the most important selection criteria for choosing a
FEED Contractor," says Mr. Abdulla N. Ateya, Senior Vice President Technical
Group of Borouge. "Neste Jacobs is our long term engineering partner and we
are very much looking forward to extending our good cooperation with them".

For more information, please contact:

Jarmo Suominen, Managing Director, Neste Jacobs, tel. +358 50 458 3399

Rehab Omar Ateeq, Regional Communications Manager MEAE, Borouge, tel. +971 2
607 0805, Rehab.Ateeq@borouge. com

Neste Jacobs is a preferred solution provider of high-quality technology,
engineering and project services for a wide range of industries in the fields
of oil and gas, petrochemicals, chemicals, biorefining, biochemicals,
biopharma and industrial infrastructure. We have 60 years of experience in
technology development and industrial investment projects as well as
maintenance and performance improvement in Europe, North and South America,
Asia and the Middle East. In addition to our home market Nordic countries we
are looking to grow in the global expanding markets. We employ 1300
professionals globally.


Borouge is a leading provider of innovative, value creating plastics
solutions. A joint venture between the Abu Dhabi National Oil Company
(ADNOC), one of the world's major oil and gas companies, and Austria based
Borealis, a leading provider of chemical and innovative plastics solutions,
Borouge is a groundbreaking at the forefront of the next generation of
plastics innovation.

With its base in the United Arab Emirates and Marketing&Sales head office in
Singapore, Borouge employs more than 3,000 people representing over 40
nationalities and serves customers in 50 countries across the Middle East,
Asia and Africa.

Building on the unique Borstar® and Borlink(TM) technologies and over 50 years
of experience in polyolefins, Borouge provides innovative, sustainable and
value creating plastics solutions for infrastructure (pipe systems, and power
and communication cables), automotive and advanced packaging applications
that address global challenges such as climate change, food protection,
access to fresh water, energy conservation, healthcare and waste management.

In 2010 Borouge tripled the annual production capacity of its plant in Abu
Dhabi to 2 million tonnes, and with further expansion to 4.5 million tonnes
in 2014, Borouge and Borealis will have a combined annual production capacity
of approximately 8 million tonnes of polyethylene and polypropylene.

Borouge is expanding its commercial and logistics network in the Middle East
and Asia and investing in its Innovation Centre in Abu Dhabi and Application
Centre in Shanghai. Focused on our company mission, Value Creation through
Innovation, we ensure that our customers throughout the value chain, around
the world, can rely on differentiated products and reliability of supply.

Borouge is committed to the principles of sustainability and is a signatory of
the chemical industry's Responsible Care® Global Charter. Together with
Borealis, Borouge is proactively addressing the world's water and sanitation
challenges through the Water for the World(TM) initiative.



This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Neste Oyj via Globenewswire


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