Adnock and Taka have signed an agreement to build utility infrastructure for the Taziz downstream industrial zone in Ruwais. The two companies will jointly develop power, steam, cooling, non-ferrous water and wastewater services to enable various chemical projects to be carried out in Ta'ziz, which is a joint venture of Adnock and Taka’s parent company ADQ . International and local investors have been invited to participate in the development of the project, which will include a chemical zone and a light industrial zone, where these companies use chemicals produced in the area.
Khaleefa Al Mheiri, Acting Chief Executive Officer of Taziz, said: "We are fully capable of further strengthening our position as a world-scale chemical and industrial center and the preferred destination for foreign direct investment. Develop an advanced manufacturing base in the UAE. Adnoc and ADQ announced in November 2020 that they plan to cooperate in a $5 billion project in the Rovas Derivatives Park. Taziz will invest $3 billion in chemical projects, and $2 billion will be spent Yuruwais port and infrastructure development.
Adnoc and ADQ announced the establishment of the joint venture in July as part of a plan to establish an anchor chemical project and attract investors to the industrial center of the Dhafra region of the emirate. They identified compounds that can be used in key projects in Rovas for water treatment, metallurgy, agriculture, pharmaceuticals, adhesives and vehicles. Among the compounds expected to be produced after the feasibility study is completed, there are chlor-alkali, ethylene dichloride, hydrogen oxide, methanol, ammonia, isopropanol and elastomers.
Significant progress
The total investment in the project may exceed US$3 billion, and most of the chemicals will be manufactured in the UAE for the first time. Taziz hopes to promote the development of Ruwais' manufacturing and supply chain activities. The two companies stated that since the joint venture was announced in November 2020, the development of the site "has made significant progress." Land and ocean surveys have been completed, and the joint venture has received "quite interest" from local and international investors. The two companies stated that the development agreement for the first phase of the project is "close to finalization." The geotechnical and topographic survey, ocean bathing survey survey and the health, safety and environmental impact assessment of the site have been completed.
Keywords: overseas engineering, international engineering construction, foreign engineering construction news
These surveys will help prepare civil engineering for the construction, dredging and development of the new port. Taziz has invited tenders for the front-end engineering design of seven chemical derivative projects. The final investment decision and the award of engineering, procurement and construction contracts will take place next year. Adnoc invited international oil companies and financial institutions to invest approximately US$45 billion in the development of its downstream industries in 2018. Editor/XuNing、Design/JiShujie
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