United Arab Emirates petrochemicals company Borouge said on Monday it is proceeding with plans to nearly double the the firm's polyolefins output by the end of 2013.

A total of 2.5 million tonnes of production is expected to come onstream by the fourth-quarter of 2013, the company said in a statement. The Borouge 3 project, has entered the front-end engineering and design phase.

"The commissioning of Borouge 3 will ensure that we benefit from the additional feedstock availability resulting from the upstream refinery and gas processing expansions of Adnoc (Abu Dhabi National Oil Company) in Ruwais," said Abdulaziz Alhajri, the company's chief executive officer.

Following the completion of Borouge 3, the company will lift its total production capacity to 4.5 million tonnes per year (tpy).

Feedstock for the Borouge 3 will come from additional feedstock supply from processing expansions at the Abu Dhabi National Oil Company's the company said.

Borouge, a joint venture between Denmark-based petrochemical group Borealis and state-run Adnoc, has a production complex located in the emirate of Abu Dhabi and near the 415,000 barrels per day Ruwais oil refinery, the largest in the UAE federation. - Reuters