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DMEA PETROCHEMICALS DMEA
ADNOC and Reliance agree to
build chemicals facility at Ruwais
MIDDLE EAST ABU Dhabi National Oil Co. (ADNOC) this In-Country Value and accelerates the UAE’s eco-
week announced that it has signed an agreement nomic diversification.”
with India’s Reliance Industries Ltd (RIL) to Meanwhile, RIL chairman and managing
build a world-scale chemicals complex at TA’ZIZ director Mukesh Ambani said: “The project will
within the Ruwais Derivatives Park. manufacture ethylene dichloride, a key building
The facility will produce chlor-alkali, ethyl- block for production of PVC in India. This is a
ene dichloride and polyvinyl chloride (PVC), significant step in globalizing Reliance’s opera-
to capitalise “on growing demand for these crit- tions, and we are proud to partner with ADNOC
ical industrial raw materials and leverages the in this important project for the region.”
strengths of ADNOC and Reliance as global TA’ZIZ is a joint venture (JV) development
industrial and energy leaders.” between ADNOC and holding company ADQ
It will have a capacity of 940,000 tonnes per which seeks to drive the development of indus-
year (tpy) of chlor-alkali, 1.1mn tpy of ethylene trial projects within the planned Ruwais down-
dichloride and 360,000 tpy of PVC. stream hub and drive economic diversification.
In a statement released by ADNOC, UAE It was launched in November last year with
Minister of Industry and Advanced Technology marine and land surveys now completed.
and ADNOC Group CEO Sultan Al Jaber said: ADNOC and ADQ have awarded contracts for
“This agreement is a significant milestone, as we the first stages of development of the site and
continue to grow a globally competitive indus- work is underway on geotechnical and topo-
trial ecosystem and highly attractive investor graphical and marine bathymetric surveys. Ten-
value proposition. In line with our 2030 strat- ders have also been awarded for the initial design
egy, we look forward to creating further oppor- of seven chemicals derivatives projects and work
tunities across the entire TA’ZIZ ecosystem is ongoing. The JV partners anticipate making
for the next generation of local industry. The final investment decisions for the projects and
domestic production of critical industrial raw awards of related engineering, procurement and
materials strengthens our supply chains, drives construction (EPC) contracts next year.
Week 26 01•July•2021 www. NEWSBASE .com P15
