ADNOC, Reliance signs a strategic partnership
Abu Dhabi National Oil Company (ADNOC) and Reliance Industries (RIL) signed an agreement for the creation of a new petrochemical complex in Abu Dhabi, to produce chlor-alkali, ethylene dichloride and polyvinyl chloride (PVC ).
Under the terms of the agreement, this integrated plant will have an annual production capacity of 940,000 tonnes of chlor-alkali, 1.1 million tonnes of ethylene dichloride and 360,000 tonnes of PVC, RIL said in a statement. Tuesday.
“This agreement is an important step as we continue to develop a globally competitive industrial ecosystem and a very attractive value proposition for investors,” said Sultan Ahmed Al Jaber, Minister of Industry and Technology peak of the United Arab Emirates.
Jaber is also Managing Director and CEO of the ADNOC Group.
“In line with our 2030 strategy, we look forward to creating new opportunities across the TA’ZIZ ecosystem for the next generation of local industry. Domestic production of critical industrial raw materials strengthens our supply chains, ”Jaber said.
“The project will manufacture ethylene dichloride, a key component of PVC production in India. This is an important milestone in the globalization of Reliance’s operations, ”said RIL President and CEO Mukesh Ambani.
“This milestone further strengthens our long-standing relationship with ADNOC, reaffirming our faith in the comprehensive vision of wise leadership of the United Arab Emirates. It is also another testament to the enormous potential to advance India-UAE cooperation in enhancing value in the energy and petrochemical sectors, ”he added.
Chlor-alkali is used in water treatment and in the manufacture of textiles and metals. Ethylene dichloride is generally used to produce PVC.