The Abu Dhabi National Oil Company (ADNOC) has signed a framework agreement with Reliance Industries Limited (RIL) to explore the development of an Ethylene Dichloride facility in Ruwais
Under the terms of the agreement, 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 and strengthen the companies’ existing relationship supporting future collaboration in petrochemicals.
ADNOC would supply ethylene to the potential joint venture and provide access to infrastructure at Ruwais, while RIL will deliver operational expertise and entry to the large and growing Indian vinyl market, in which it is a vital participant.
Abdulaziz Alhajri, executive director of ADNOC’s Downstream Directorate, said, “The agreement with RIL is a product of our strong relationship, spanning over two decades, and a testament to ADNOC’s continued ability to cultivate smart and mutually beneficial international partnerships. We look forward to working closely with RIL to identify opportunities to capitalise 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.”
Nikhil Meswani, RIL executive director, said, “This is a significant step towards Reliance’s commitment to pursue backward integration and will pave the way for enhancing PVC capacity in India to cater to the fast-growing domestic market. This co-operation ideally combines advantaged feedstock and energy from the UAE with Reliance’s execution capabilities and the growing Indian market.”