Adnoc committed to drive industrial growth, diversification

  • Date: 23-Mar-2021
  • Source: Gulf Today
  • Sector:Oil & Gas
  • Country:UAE
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Adnoc committed to drive industrial growth, diversification

Picture used for illustrative purpose.



The Abu Dhabi National Oil Company (Adnoc) on Tuesday reiterated its commitment to drive industrial growth and diversification through its ambitious downstream and industry growth programme, supporting the Ministry of Industry and Advanced Technology's (MoIAT) ‘Make it in the Emirates' 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 Dhs18 billion and a number of further growth projects in the Downstream and industry sector. In addition, a blue hydrogen and ammonia business is under development to capture the emerging global demand for low carbon fuels.

The commitment builds on Adnoc's flagship In County-Value (ICV) programme, which has driven in excess of Dhs76