Following a detailed feasibility study, the first proposed phase of development, to cost upward of $3 billion, will include plants to produce chlor-alkali, ethylene dichloride, maleic anhydride, methanol, ammonia, isopropyl alcohol and elastomers. ADNOC said the plants will be built at “global scale” with opportunities for additional investors and partners to participate, adding that most of the chemicals would be produced in the United Arab Emirates for the first time.

In addition, more than $2 billion will be spent on creating an industrial ecosystem, to comprise a new port, utilities, infrastructure, feedstock supply and shared services. ADNOC said these facilities will be made available to new investors under a “plug-and-play” concept, meaning that new projects can be plugged into the existing park infrastructure, lowering the cost of investment and further enhancing the park’s competitiveness.

Several design and engineering contracts will be awarded in early 2021 for the design of the chemical plants and the ecosystem. Initial production is scheduled for 2025.

“Ta’ziz combines the strengths of ADNOC and ADQ to create a unique platform that will act as a key driver and catalyst for the UAE’s industrial development and economic diversification,” said Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, and ADNOC Group CEO. “Our new partnership will strengthen our position as a globally competitive chemicals hub and destination for foreign direct investment, leveraging technology to further grow the UAE’s advanced manufacturing base."

Formed in July 2020, Ta’ziz is held 60% by ADNOC and 40% by ADQ.

ADNOC added that the Derivatives Park, located adjacent to the Ruwais Industrial Complex, will have strong synergies with its integrated downstream assets for feedstocks and services, as well as advantaged maritime, land and air logistics, and transport links.

Author: Elaine Burridge, Freelance Journalist