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

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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 Youse

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