Page 13 - DMEA Week 09 2022.indd

DMEA PETROCHEMICALS DMEA

ADNOC signs deal for

TA’ZIZ methanol plant

MIDDLE EAST STATE-OWNED Abu Dhabi National Oil Co. the coming decade.”
(ADNOC) announced this week that it had The TA’ZIZ JV is also developing the TA’ZIZ
signed a contract with international metha- Light Industrial Zone for downstream conver-
nol specialist Proman to develop a world-scale sion industries for the chemical outputs and the
chemical production facility in Ruwais. TA’ZIZ Industrial Services Zone to serve the
The deal will see Abu Dhabi Chemicals other industrial sections of the complex. These
Derivatives Co. (TA’ZIZ) – a 60:40 joint venture are located on the site of the former ‘Conversion
(JV) between ADNOC and holding company Park’.
ADQ – and Proman collaborate on the con- Several early deals have already been signed
struction of a 1.8mn tonne per year (tpy) meth- for projects in the industrial chemicals zone
anol facility at the TA’ZIZ Industrial Chemicals covering the development of facilities to pro-
Zone in Ruwais, formerly referred to as Ruwais duce blue ammonia, ethylene dichloride (EDC),
Derivatives Park and part of the wider TA’ZIZ chlor-alkali (CA) and polyvinyl chloride (PVC).
ecosystem. ADNOC’s Fertiglobe affiliate, Japan’s Mit-
In a statement announcing the deal, ADNOC sui and South Korean firm GS Energy will col-
said that the facility would meet growing domes- laborate on the development of a 1mn tpy blue
tic and international methanol demand, though ammonia plant and India’s Reliance Industries
added that the project remains subject to regu- signed up to join the TA’ZIZ EDC & PVC JV in
latory approval. December for the development of a plant to pro-
HE Dr Sultan Ahmed Al Jaber, UAE Minis- duce 1.1mn tpy of EDC, 940,000 tpy of chlor-al-
ter of Industry and Advanced Technology and kali and 360,000 tpy of PVC.
ADNOC managing director and CEO, said that Also in December, a group of eight Emirati
the “world-scale plant advances the TA’ZIZ mis- investors acquired a 20% stake in a slate of chem-
sion to diversify the UAE’s economy and accel- icals projects, committing to an investment of
erate industrial development, by enabling local $800mn, thereby valuing the projects at a com-
supply chains through the production of new bined AED15bn ($3bn). The investment marks
chemicals in the UAE”. the formation of Abu Dhabi’s first domestic pub-
Meanwhile, Proman CEO David Cassidy lic private partnership (PPP) in the petrochem-
noted that the facility “will be one of the most icals sector.
energy efficient and low-emitting plants in the ADNOC has also signed agreements to
world”. He added: “Growing global interest develop a utilities facility with TAQA and a port
in methanol as a cleaner fuel, particularly for with ADNOC Logistics & Services and AD Ports
the shipping sector, is set to drive a significant Group to support the development of the chem-
increase in worldwide methanol demand over icals zone. ™

Week 09 03•March•2022 www. NEWSBASE .com P13