EDC-PVC supply to benefit from the UAE-India FTA
The US$2+ billion+ TA’ZIZ EDC & PVC joint venture project is progressing towards detailed design phase ahead of expected Final Investment Decision later this year, said Reliance Industries Ltd (RIL) which is partnering with ADNOC and ADQ in the TA’ZIZ Industrial Chemical Zone at Ruwais.
Abu Dhabi Chemicals Derivatives Company RSC Ltd (TA’ZIZ) EDC-PVC project will produce Chlor-Alkali, Ethylene Dichloride and Polyvinyl Chloride for the first time in the UAE, unlocking new revenue streams and opportunities for local manufacturers to “Make it in the Emirates”, (RIL) said on 26 April 2022.
The TA’ZIZ EDC & PVC project is well positioned to strengthen domestic supply chains and support the UAE’s national strategy to empower the industrial sector and become the driving force of a dynamic and robust domestic economy over the next 50 years.
It is anticipated that the TA’ZIZ complex will benefit from the free trade agreement between India and the United Arab Emirates, which was signed in February of this year.
The formal shareholder agreement for the project. fiinews.com
