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TA’ZIZ EDC & PVC JV in Ruwais Adds Shaheen of UAE as Partner

5/12/2022

TA’ZIZ recently announced that Shaheen Chemical Holdings of the UAE will become a partner in the proposed TZ’ZIZ EDC & PVC project to be placed in Ruwais’ TA’ZIZ Industrial Chemicals Zone. Shaheen will join existing partners Reliance Industries Ltd, ADNOC, and ADQ in the Abu Dhabi Chemical Derivatives Company RSC Ltd joint venture.

The project under consideration will be a grassroots world scale Chlor-Alkali, EDC, and PVC facility currently anticipated for a startup in 2025. It has an estimated cost figure of $2 billion USD at this time.

This agreement with Shaheen is the first direct investment by a privately-owned UAE company for the TA’ZIZ Industrial Chemicals Zone. Khaleefa Yousef Al Mheiri, TA’ZIZ Acting Chief Executive Officer, said: “We are delighted to welcome Shaheen as a strategic partner in TA’ZIZ. This strategic agreement further consolidates TA’ZIZ’s position as the sought-after partner for local and international investment in the UAE’s chemicals industry. The partnership supports our national strategy to drive the growth and diversification of the country’s industrial base, strengthen domestic supply chains and enable the private sector to “Make it in the Emirates”, in line with the leadership’s wise directives.”

Walid Azhari, Managing Director of Shaheen, added that “We are honored to partner with TA’ZIZ and Reliance in this world class industrial plant which will include the largest Chlor Alkali plant in the world. We are looking forward to working with our partners during the development, construction, and operation stages of the project. This project will be the cornerstone for many exciting downstream opportunities which will create a whole new industrial cluster in the UAE, in line with the Abu Dhabi Economic Vision 2030”.

Production from the TA’ZIZ EDC and PVC project will have a versatile range of industrial applications as well as eventual export opportunities.