ADNOC Reliance Industries to set up petrochemical project in Abu Dhabi
Abu Dhabi National Oil Company (ADNOC) Reliance Industries (RIL) have signed an agreement to set up a new petrochemical complex in Ruwais, Abu Dhabi. This will be a new chlor-alkali, ethylene dichloride polyvinyl chloride (PVC) production facility.
Under the terms of the agreement, this integrated plant will have a capacity to produce 940,000 tonnes of chlor-alkali, 1.1 million tonnes of ethylene dichloride 360,000 tonnes of PVC annually, a RIL statement said.
Chlor-alkali is used in water treatment in the manufacture of textiles metals. Ethylene dichloride is typically used to produce PVC. This has a wide range of applications across housing, infrastructure consumer goods. Chlor-alkali can also enable production of caustic soda, essential for the production of aluminium.
“The market for these chemicals is expected to enjoy steady growth supported by the needs of growing demand, particularly in Asia Africa,” the RIL statement added.
This project will be constructed in the TA’ZIZ Industrial Chemicals Zone, which is a joint venture between ADNOC ADQ, another arm of the Abu Dhabi government. The TA’ZIZ is an industrial services logistics ecosystem that drives, supports, enables the growth of the Ruwais Industrial Complex Abu Dhabi’s chemicals, advanced manufacturing industrial sectors.
“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,” said Sultan Ahmed Al Jaber, Minister of Industry Advanced Technology, United Arab Emirates. Al Jaber is also the Managing Director Group CEO of ADNOC.
“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,” RIL’s Chairman Managing Director, Mukesh Ambani said. An RIL official also said this is the first step of the internationalisation push that Ambani had announced in his company’s 44th Annual General Meeting.
“Tenders for the initial design of the seven TA’ZIZ chemicals derivatives projects have been awarded work is ongoing. Final investment decisions for the projects awards of related Engineering Procurement Construction (EPC) contracts are being targeted for 2022,” the statement added.
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