Page 6 - DMEA Week 04 2023

DMEA COMPANIES DMEA

Deal signed for TA’ZIZ

ammonia facility

UAE ABU Dhabi Chemical Derivatives Co. (TA’ZIZ), agreements have also been signed by TA’ZIZ
Fertiglobe, GS Energy Corp. and Mitsui signed with Reliance Industries, Shaheen and Proman
an agreement last week for the construction of a covering $5bn of projects to develop ethylene
1mn tonne per year (tpy) low-carbon ammonia dichloride, chlor-alkali, polyvinyl chloride and
production facility. methanol production facilities.
The construction of the facility supports the A’ZIZ CEO, Khaleefa Yousef Al Mheiri said:
Emirate’s ambition to be a leader in the pro- “This is a significant milestone in the develop-
duction of low-carbon fuels. TA’ZIZ’s partners ment of our low-carbon ammonia business and
are already engaged in industrial decarbonisa- further strengthens the UAE’s hydrogen value
tion, with Fertiglobe also a leader in ammonia proposition. We are building on the collective
production. strengths of our partners and shareholders to
The agreement follows several others signed develop the first-of-its-kind large-scale low-car-
in the past by Abu Dhabi National Oil Co. bon ammonia project in the Middle East and
(ADNOC), aiming to further explore oppor- North Africa.”
tunities for hydrogen supply with energy min- He continued: “As we continue to grow our
istries in Japan and companies Mitsui and GS manufacturing base in Al Ruways Industrial
Energy. The facility, which will be built at the City, the UAE is well-placed to meet increasing
TA’ZIZ Industrial Chemicals Zone, will allow global demand for chemicals while strengthen-
the UAE to capitalise on its current position ing our position as a world-scale chemicals and
as a leading producer of natural gas, as well as industrial hub and top destination for local and
utilise its carbon capture utilisation and storage international investment,”
(CCUS) systems. The facility will be built at the TA’ZIZ Indus-
ADNOC currently operates Al Reyadah, trial Chemicals Zone. The agreement, according
the UAE’s first CCUS facility, which has a cur- to the company, brings it closer towards a final
rent capacity of up to 800,000 tpy. Further investment decision (FID) for the project.™

P6 www. NEWSBASE .com Week 04 25•January•2023