The Ta’ziz Industrial Chemicals Zone at Ruwais is a core component of Abu Dhabi state energy firm Adnoc’s substantial petrochemicals expansion drive. Ta’ziz is a joint venture between Adnoc and state holding company ADQ and was formed in 2020 (MEES,13 November 2020), with a $5bn first phase planned to start operations in 2025.
The Industrial Chemicals Zone will consist of seven ‘anchor projects,’ and contracts have now been inked with partners for four of these (see table). Switzerland-headquartered Proman earlier this month became the latest firm to sign up to Ta’ziz, agreeing to construct a methanol production facility “with an anticipated capacity of up to 1.8mn t/y.” (CONTINUED - 753 WORDS)
