Reliance Industries (RIL) and Abu Dhabi National Oil Company (ADNOC) have signed an agreement to set up a new petrochemical complex in Ruwais, Abu Dhabi.
This plant will be constructed in the TA’ZIZ Industrial Chemicals Zone, which is a joint venture between ADNOC and ADQ, another arm of the Abu Dhabi government.
The TA’ZIZ is an industrial services and logistics ecosystem that drives, supports, and enables the growth of the Ruwais Industrial Complex and Abu Dhabi’s chemicals, advanced manufacturing and industrial sectors.
Capacity of the plant
The new plant will have a capacity to produce 940,000 tonnes of chlor-alkali, 1.1 million tonnes of ethylene dichloride, and 360,000 tonnes of PVC annually.
What is Chlor-alkali and Ethylene dichloride?
Chlor-alkali is used in water treatment and in the manufacture of textiles and metals. Chlor-alkali can also enable production of caustic soda, essential for the production of aluminum.
Ethylene dichloride is typically used to produce PVC. This has a wide range of applications across housing, infrastructure and consumer goods.
Cost of project
According to oil sector executives, it would cost upwards of Rs 30,000 crore to set up the petrochemical facility.
Similar Tie-up’s of RIL
Among other global partnerships, RIL has joined hands with BP for oil exploration and fuel retailing business.
It also has a pact with Saudi Aramco for its refinery business.
Comment from ADNOC
Dr Sultan Ahmed Al Jaber, “We are delighted to attract an investor of Reliance’s calibre 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.”
Comment from RIL
Mukesh Ambani, “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 the production of PVC in India.
This is a significant step in globalising Reliance’s operations, and we are proud to partner with ADNOC in this important project for the region.”
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