UAE's ADNOC, TAQA partner to construct utilities facility for TA'ZIZ

Contracts have been awarded for the first stages of development for the TA'ZIZ site, and work is already underway

  
Image used for illustrative purpose. TAQA's projects.

Image used for illustrative purpose. TAQA's projects.

TAQA / Handout via Zawya

Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company (TAQA) will together construct a utilities facility for a TA’ZIZ chemicals production hub that is currently being developed at Ruwais in Abu Dhabi.

Initial chemicals production in TA’ZIZ is expected by 2025. ADNOC and TAQA will jointly develop the power, steam, cooling, demineralized and waste water services to enable chemicals projects within the TA’ZIZ ecosystem, according to a statement from ADNOC.

Khaleefa Al Mheiri Acting CEO, TA’ZIZ, said: “Through the partnership between ADNOC and TAQA and related enabling investments in TA’ZIZ, we are well-placed to further strengthen our position as a world-scale chemicals and industrial hub and top destination for foreign direct investment, leveraging technology to further grow the UAE’s advanced manufacturing base.”

TA’ZIZ will catalyze the development of manufacturing and supply chain activities at Ruwais. According to a statement from ADNOC, opportunities are available for local and international investors to participate across the value chain, including light manufacturing and services.

TA’ZIZ was launched in November 2020. Contracts have been awarded for the first stages of development for the TA’ZIZ site, and work is already underway, the statement said.

(Writing by Seban Scaria; editing by Daniel Luiz)

 seban.scaria@refinitiv.com

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© ZAWYA 2021


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