Adnoc, Reliance ink partnership for world-scale chemical projects

Adnoc, Reliance ink partnership for world-scale chemical projects

ABU DHABI / WAM

Abu Dhabi National Oil Company (Adnoc) on Tuesday announced that Reliance Industries Limited (Reliance), 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 agreement capitalises on growing demand for these critical industrial raw materials and leverages the strengths of Adnoc and Reliance as global industrial and energy leaders. The project will be constructed in the Ta'ziz Industrial Chemicals Zone, which is a joint venture between Adnoc and ADQ, and represents the first investment by Reliance in the region. The agreement continues the momentum of Adnoc's downstream and industry growth plans in line with Adnoc's 2030 strategy. Petrochemical, refining and gas growth projects are currently under construction, with a number of projects also recently completed across the downstream and industry portfolio. Adnoc is gearing up for growth with Ta'ziz, the world-scale chemicals production hub and industrial ecosystem based in Ruwais, with investment in excess of AED 18 billion and a number of further growth projects in the downstream and industry sector. Since 2018, Adnoc has attracted significant foreign direct investment from international partners in the downstream business including refining, fertilisers and