SAWT BEIRUT INTERNATIONAL

| 4 December 2022, Sunday |

Ta’ziz and Reliance form joint venture to develop $2bn Ruwais chemicals project

Ta’ziz, the Abu Dhabi Chemicals Derivatives Corporation, and Reliance Industries, India’s largest private petrochemicals company, have formed a joint venture to create a significant chemicals project at the Ta’ziz industrial chemicals zone in Ruwais.

Adnoc said on Tuesday that the joint venture, Ta’ziz EDC & PVC, will invest more than $2 billion in the construction and operation of a chlor-alkali, ethylene dichloride, and polyvinyl chloride (PVC) facility.

Chlor-alkali is used to make caustic soda, which is essential in the alumina refining process, while EDC is used to make PVC, a high strength thermoplastic material used to make a variety of industrial and consumer products such as pipes, window fittings, cables, films, and flooring.

The production of chlor-alkali, EDC, and PVC will provide export opportunities in target markets in South-East Asia and Africa, as well as a source of critical raw materials manufactured in the UAE for local industry.

According to Adnoc, it will also address the expanding worldwide demand for these compounds.

Adnoc and Abu Dhabi’s ADQ collaborated to create the Ta’ziz Industrial Chemicals Zone.

“This strategic partnership with Reliance Industries builds on the UAE and India’s strong and deep-rooted bilateral ties, and highlights the appealing and compelling value proposition offered by Ta’ziz as we grow a globally competitive industrial ecosystem,” said Dr Sultan Al Jaber, Minister of Industry and Advanced Technology and Adnoc managing director and group chief executive.

“This new joint venture will manufacture vital industrial raw materials in the UAE for the first time, complementing our national vision to empower the industrial sector to become a driving force.”

Ta’ziz, Abu Dhabi Chemicals Derivatives Corporation, and Reliance Industries, India’s largest private petrochemicals corporation, have created a joint venture to develop a major chemicals project at the Ta’ziz industrial chemicals zone in Ruwais. Ta’ziz EDC & PVC, an Adnoc joint venture, will invest more than $2 billion in the development and operation of a chlor-alkali, ethylene dichloride, and polyvinyl chloride (PVC) complex, Adnoc said on Tuesday. Chlor-alkali is used to produce caustic soda, which is required in the alumina refining process, whereas EDC is used to produce PVC, a high strength thermoplastic material used to manufacture a wide range of industrial and consumer products such as pipes, window fittings, cables, films, and flooring.

Chlor-alkali, EDC, and PVC manufacturing will give export prospects in key markets in South-East Asia and Africa, as well as a supply of vital raw materials made in the UAE for local industry. Mukesh Ambani, chairman and managing director of Reliance Industries, stated that India’s demand for PVC, also known as vinyl, to accelerate its expansion, as well as the value from the readily accessible feedstock in the UAE, “offer a win-win collaboration for both firms.” “Close regional cooperation based on common aims is critical as we optimize resources and collaborate to better the lives of our residents,” he added.

    Source:
  • The National News