The Abu Dhabi National Oil Company (Adnoc) signed a Framework Agreement with Reliance Industries (RIL) to explore development of an Ethylene Dichloride facility in Ruwais.
Abu Dhabi/UAE; Mumbai/India — Adnoc and Reliance Industries signed an agreement, under the terms of which, the companies will evaluate the potential creation of a facility that manufactures EDC adjacent to Adnoc’s integrated refining and petrochemical site in Ruwais, Abu Dhabi and strengthen the companies’ existing relationship supporting future collaboration in petrochemicals.
The oil company would supply ethylene to the potential joint venture and provide access to world-class infrastructure at Ruwais, while RIL will deliver operational expertise and entry to the large and growing Indian vinyls market, in which it is a key participant.
EDC is a basic building-block for manufacture of PVC, a polymer product in increasingly higher demand globally. PVC plays a critical role in the housing and agriculture sectors, and demand for PVC, particularly in the Indian vinyls market, is expected to grow significantly.
The expansion and new investment in downstream is to accelerate the delivery of its 2030 strategy, boosted by a $ 45 billion investment, and create a more flexible, resilient and diverse energy business, optimizing its performance and stretching the dollar from every barrel of oil it produces.