Reliance Industries, ADNOC to develop chemical project in TA’ZIZ
Reliance Industries Limited has signed an agreement with Abu Dhabi National Oil Company (ADNOC) for developing a chlor-alkali, ethylene dichloride, and polyvinyl chloride (PVC) production facility at TA’ZIZ in Ruwais, Abu Dhabi.
The agreement is said to tap into the increasing demand for the critical industrial raw materials and utilizes the strengths of ADNOC and Reliance Industries as global industrial and energy majors.
The chlor-alkali, ethylene dichloride, and polyvinyl chloride project will be built in the TA’ZIZ Industrial Chemicals Zone, which is a joint venture of ADNOC with ADQ.
Dr. Sultan Ahmed Al Jaber – UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO said: “We are delighted to attract an investor of Reliance’s caliber to partner with ADNOC and ADQ in accelerating growth at TA’ZIZ. This agreement is a significant milestone, as we continue to grow a globally competitive industrial ecosystem and highly attractive investor value proposition.”
“In line with our 2030 strategy, we look forward to creating further opportunities across the entire TA’ZIZ ecosystem for the next generation of local industry. The domestic production of critical industrial raw materials strengthens our supply chains, drives In-Country Value and accelerates the UAE’s economic diversification.”
Reliance Industries, ADNOC to develop chemical project in TA’ZIZ. Photo courtesy of Abu Dhabi National Oil Company.
As per the terms of the agreement, TA’ZIZ and Reliance Industries will build an integrated plant. It will have a production capacity of 940,000 tons of chlor-alkali, 1.1 million tons of ethylene dichloride, and 360 thousand tons of PVC per annum.
Mukesh Ambani – Reliance Industries Chairman and Managing Director said: “We at Reliance are excited to enter into a Strategic Partnership with ADNOC for establishing a world-class and world-scale chemical 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.
“It is also yet another testimony to the enormous potential in advancing India-UAE cooperation in value enhancement in the energy and petrochemicals sectors. 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.”