Abu Dhabi chemicals derivatives company (TA’ZIZ) and Proman, a methanol manufacturer, will develop a methanol production plant at the TA’ZIZ Industrial Chemicals Zone in Al Ruways Industrial City, Abu Dhabi, UAE. The proposed plant is said to be the UAE’s first world-scale methanol production facility and decrease the country’s reliance on imports. TA’ZIZ is a […]
Tata Motors Ltd (TML) said that it has reached a binding agreement with TPG Rise Climate under which the latter alongside its co-investor ADQ will invest INR 7,500 crores ($1 billion) in its new passenger electric vehicle (EV) business. The Indian automotive manufacturer is expected to incorporate a new subsidiary, which has been valued at […]
Louis Dreyfus Company Holdings has closed the previously announced sale of an indirect 45% stake in Louis Dreyfus Company B.V. (LDC), a Dutch agricultural commodities merchant, to ADQ, an Abu Dhabi-based holding company. The deal was announced by the food and agricultural commodity group in November 2020. As part of the deal, Louis Dreyfus had […]
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 […]
Abu Dhabi National Oil Company (ADNOC) has signed a $2.1 billion deal to offload a stake of 20% in ADNOC Gas Pipelines HoldCo to UAE state-owned investors Abu Dhabi Pension Fund (ADPF) and ADQ. The deal enables the entry of ADPF and ADQ into ADNOC Gas Pipeline Assets, a natural gas pipeline partnership in the […]