(MENAFN) Etihad Rail, the developer of the UAE railway network, has joined forces with Borouge, the mutual venture between Adnoc and Austrian chemicals producer Borealis, to guarantee more sustainable carriage.
Under the deal, Etihad Rail will carry 1.3 million tons of Borouge’s polyolefin once a year from its petrochemical complex in Al Ruways Industrial City for export to clienteles.
Sheikh Theyab bin Mohamed, member of Abu Dhabi Executive Council and chairman of Emirates Council for Balanced Development, saw the inking of the terms sheet for the strategic bond, Abu Dhabi Government Media Office stated on Tuesday.
“This important collaboration between Borouge and Etihad Rail contributes to the growth of Abu Dhabi’s industrial sector and will support Borouge’s ongoing drive to optimize its logistics platform, lowering both its operating costs and carbon emissions,” according to Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, Adnoc managing director and group chief executive, and chief executive and chairman of Borouge.
“The partnership reinforces Borouge’s resilience and accelerates the export of its Made in UAE products using more sustainable modes of transport, while underlining the partners’ commitment to the UAE’s Net Zero by 2050 Strategic Initiative.”
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