Abu Dhabi Chemicals Derivatives Company (Ta’ziz) has announced that a key UAE investor Shaheen has signed up as a strategic partner in its venture with India s Reliance Industries Limited, that aims to build a top-class petchem facility in Ruwais region.
Ta’ziz will provide new opportunities for local manufacturers, supporting growth of their knowledge and capabilities, catalysing local industrial development.
Abu Dhabi, 12th May, 2022 (WAM) Abu Dhabi Chemicals Derivatives Company RSC Ltd (TA’ZIZ) announced today that Shaheen Chem Holdings Investment LLC (Shaheen), will join the proposed TA’ZIZ and Reliance Industries Limited TA'ZIZ EDC & PVC joint venture, that will construct and operate a world-scale Chlor-Alkali, Ethylene Dichloride (EDC) and Polyvinyl Chloride (PVC) facility, at the TA’ZIZ Industrial Chemicals Zone, in Ruwais.
The TA’ZIZ Industrial Chemicals Zone is a joint venture between ADNOC and ADQ. With an investment of more than $2 billion (AED7.34.
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