ADNOC, Reliance ink deal to explore development of Ruwais EDC facility
ADNOC will provide access to the Ruwais infrastructure, while RIL will deliver entry to the Indian vinyls market
UAE government-owned Abu Dhabi National Oil Company (ADNOC) has inked a framework agreement with India’s energy and petrochemicals conglomerate Reliance Industries Limited (RIL) to explore the development of an Ethylene Dichloride (EDC) facility in Ruwais.
The agreement was signed by the executive director of ADNOC’s Downstream Directorate, Abdulaziz Alhajri, and RIL executive director, Nikhil R. Meswani, in the presence of the UAE Minister of State and ADNOC Group CEO, HE Dr. Sultan Ahmed Al Jaber, and RIL chairman and managing director, Mukesh D. Ambani.
EDC is a basic building-block for the manufacture of polyvinyl chloride (PVC), which plays a crit-ical role in the housing and agriculture sectors.
As part of the deal, ADNOC and RIL will evaluate the potential creation of a facility that manufactures EDC adjacent to ADNOC’s integrated refining and petrochemical site in Ruwais, Abu Dhabi.
ADNOC will supply ethylene to the potential joint venture and provide access to the infrastructure at Ruwais, while RIL will deliver operational expertise and entry to the Indian vinyls market.
Commenting on the agreement, Abdulaziz Alhajri said: “We look forward to working closely with RIL to identify opportunities to capitalize on the strengths of the Ruwais ecosystem, while delivering a compelling new commercial platform for satisfying the large Indian PVC market, as well as demand for other fast-growing segments in the region.”