UAE: Chemical Project Adnoc-Reliance to Develop New World Scale Plant
Reliance has signed an agreement with Adnoc to construct a new world-scale facility at Ta’ziz in Ruwais, Abu Dhabi, UAE. The integrated plant is expected to produce 940 thousand tons of chlor-alkali, 1.1 million tons of ethylene dichloride and 360 thousand tons of PVC annually.
Mumbai/India – Abu Dhabi National Oil Company (Adnoc) recently announced that Reliance Industries Ltd (Reliance), has signed an agreement to join a new world-scale chlor-alkali, ethylene dichloride and polyvinyl chloride (PVC) production facility at Ta’ziz in Ruwais, Abu Dhabi. The project will be constructed in the Ta’ziz Industrial Chemicals Zone, which is a joint venture between Adnoc and ADQ, and represents the first investment by Reliance in the region.
The agreement continues the momentum of Adnoc’s downstream and industry growth plans in line with Adnoc’s 2030 strategy. Adnoc is gearing up for growth with Ta’ziz, the world-scale chemicals production hub and industrial ecosystem based in Ruwais, with investment in excess of 4.9 billion dollars and a number of further growth projects in the downstream and industry sector.
The project is a testimony to the enormous potential in advancing India-UAE cooperation in value enhancement in the energy and petrochemicals sectors.
Under the terms of the agreement, Ta’ziz and Reliance will construct an integrated plant, with capacity to produce 940 thousand tons of chlor-alkali, 1.1 million tons of ethylene dichloride and 360 thousand tons of PVC annually.
Welcoming this initiative, Reliance Industries Chairman and Managing Director, Mukesh D. Ambani, said: “We at Reliance are excited to enter into a strategic partnershipwith Adnoc for establishing a world-class and world-scale chemicals project at Ta’ziz in Ruwais. This important milestone further bolsters our long-standing relationship with Adnoc, reaffirming our faith in the global vision of the UAE’s wise leadership. The project will manufacture ethylene dichloride, a key building block for production of PVC in India. This is a significant step in globalizing Reliance’s operations, and we are proud to partner with Adnoc in this important project for the region.”