Abu Dhabi Chemicals Derivatives Company (Ta’ziz) and India’s Reliance Industries have agreed to launch Ta’ziz EDC & PVC, a world-scale chemical production partnership at the Ta’ziz Industrial Chemicals Zone in Ruwais.
The new joint-venture will construct and operate a chlor-alkali, ethylene dichloride (EDC) and polyvinyl chloride (PVC) production facility, with an investment of more than $2 billion. Representing the first production of these chemicals in the UAE, the project will enable the substitution of imports and the creation of new local value chains, while also meeting growing demand for these chemicals globally.
The Ta’ziz Industrial Chemicals Zone is a joint venture between Abu Dhabi National Oil Company (Adnoc) and ADQ.
The project builds on Adnoc and Reliance’s long-standing strategic partnership and is Reliance’s first investment in the Mena region.
The agreement builds on significant interest in Ta’ziz received from local and international investors in recent months. Ta’ziz comprises three zones, the first of which is an Industrial Chemicals Zone that will host chemicals production, with seven world-scale projects already in the design phase.
The second is a Light Industrial Zone, which will be home to downstream conversion industries that will convert the outputs of the Chemical Zone into consumable products and, finally, an Industrial Services Zone that will house a variety of companies providing the necessary services required by the Ta’ziz industrial zones and the wider Ruwais Industrial Complex.
The Ta’ziz Industrial Chemical Zone projects are currently in the design phase with project start-up targeted in 2025.