Abu Dhabi National Oil Company (ADNOC) has announced that it signed an agreement with Reliance Industries Limited company to take part in the new world-scale chlor-alkali, ethylene dichloride, and polyvinyl chloride (PVC) production facility at TA’ZIZ, in Ruwais, a press release issued by ADNOC stated.
According to the terms of the agreement, TA’ZIZ and Reliance will construct an integrated plant for producing chlor-alkali, at a capacity of 940,000 tons, ethylene dichloride at a capacity of 1.1 million tons, and PVC at a capacity of 360,000 tons annually.
On this occasion, Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, and ADNOC Managing Director and Group CEO expressed his pleasure to this agreement saying “This agreement is a significant milestone, as we continue to grow a globally competitive industrial ecosystem and highly attractive investor value proposition.”
For his part, Reliance Industries Chairman and Managing Director, Mukesh D. Ambani, said “We at Reliance are excited to enter into a strategic partnership with ADNOC for establishing a world-class and world-scale chemicals 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.”
According to the statement, the project will be constructed in the TA’ZIZ Industrial Chemicals Zone, a joint venture between ADNOC and ADQ. ADNOC is prepared for growth with TA’ZIZ chemical production hub with investments exceeds AED 18 billion.