ADNOC & Reliance enter into strategic partnership for world-scale chemical projects in Abu Dhabi
It will construct an integrated plant, with a capacity to produce over 940 thousand tonnes of Chlor-alkali, 1.1 million tonnes of ethylene dichloride and 360 thousand tonnes of PVC every year.
Abu Dhabi National Oil Company (ADNOC) said that Reliance Industries Limited has signed an agreement to join a new world-scale Chlor-alkali, ethylene dichloride and polyvinyl chloride (PVC) production facility at TA’ZIZ in Ruwais (Abu Dhabi).
The project will be constructed in the TA’ZIZ Industrial Chemicals Zone in Abu Dhabi. Under the terms of the agreement, TA’ZIZ and Reliance will construct an integrated plant, with a capacity to produce over 940 thousand tonnes of Chlor-alkali, 1.1 million tonnes of ethylene dichloride and 360 thousand tonnes of PVC every year. This will help the company to capitalise on the growing demand for these critical industrial raw materials and also, leverage the strength of ADNOC & Reliance as global industrial as well as energy leaders.
Since its launch in November 2020, TA’ZIZ has made significant progress related to development activities at the site, which have moved forward, with land & marine surveys being already completed. It has also garnered considerable interest from local & international investors.
At 10.23 am on Wednesday, the share price of Reliance Industries Limited was trading 0.80 per cent higher at Rs 2,104 on BSE.
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