Abu Dhabi’s TA’ZIZ signs Shareholder Agreement with India’s Reliance

Abu Dhabi’s TA’ZIZ signs Shareholder Agreement with India’s Reliance

The Abu Dhabi Chemicals Derivatives Company (TA’ZIZ) has signed the formal Shareholder Agreement with the Indian multinational conglomerate company, Reliance Industries Limited (RIL) for the TA’ZIZ EDC and PVC project.

ADNOC said in a statement that, “Reliance is partnering with ADNOC and Abu Dhabi holding company ADQ for the TA’ZIZ EDC and PVC joint venture, which will construct and operate a chlor-alkali, ethylene dichloride (EDC) and polyvinyl chloride (PVC) plant with an investment of more than $2 billion.”

These chemicals will be produced in the UAE for the first time, unlocking new revenue streams and opportunities for local manufacturers to “Make it in the Emirates”.

Dr. Sultan bin Ahmed Al Jaber

UAE Minister – Industry & Advanced Technology

MD & Group CEO – ADNOC “Reliance is a valued strategic partner and our collaboration at TA’ZIZ underscores the important role of industrial and energy cooperation as a means of strengthening the deep-rooted and friendly ties between the UAE and India. We are building on this partnership and the progress at TA’ZIZ to unlock more opportunities to drive the UAE’s industrial and manufacturing growth while advancing cooperation on decarbonization, new energies, and upstream production.”

As per the statement, the TA’ZIZ EDC and PVC project is making solid progress