- Taziz has signed investment agreements with eight UAE-based investors, marking the first domestic Public Private Partnership (PPP) in Abu Dhabi’s downstream and petrochemicals sector. The agreements comprise commitments by the investors to invest in an up to 20% stake in a portfolio of chemicals projects worth AED 15 billion within the TA’ZIZ Industrial Chemicals Zone, alongside Adnoc, ADQ, and other global strategic partners in Ruwais, Abu Dhabi. The eight UAE-based investors who have signed agreements with TA’ZIZ include: • Al Dhafra Co-operative Society, • Al Nasser Holdings LLC, • Alpha Dhabi Partners Holding LLC, • Arab Development Establishment, • Buhairan Limited Company LLC, • Capital Investment LLC, • Mazrui International and Mazrui Energy Services, • Riverside Investments LLC. (December 2021)
- Adnoc has awarded a contract to develop the UAE’s first world-scale methanol production facility to Proman at the TA’ZIZ Industrial Chemicals Zone in Ruwais. Under the terms of the agreement, Abu Dhabi Chemicals Derivatives Company RSC Ltd. (Taziz’) and Proman will construct a natural gas to methanol facility with an anticipated annual capacity of up to 1.8 million tons per annum. For the Taziz development, partnership agreements have been signed with Fertiglobe, GS Energy, and Mitsui for the proposed development of a low-carbon ammonia production facility and with Reliance Industries for a proposed ethylene dichloride (EDC), chlor-alkali (CA), polyvinyl chloride (PVC) production facility. Final Investment Decisions for these chemical projects are expected later this year. An agreement has also been signed with AD Ports Group to develop a new world class ports and logistics facility at Taziz. (March 2022)
- Taziz has pre-qualified firms for the contract to develop the Cogeneration Plant to be built in the petrochemical complex. The firms pre-qualified to bid, include: Al-Ghanim International, Doosan Heavy Industries & Construction, Elsewedy Electric, Harbin Electric Corporation, Hyundai Engineering & Construction, Larsen & Toubro Power, Orascom Construction, PowerChina, Samsung C&T, Samsung Engineering, Sepco 3. The planned steam and power facility will supply electricity to the different plants to be built in the complex. (March 2022)
- Taziz has received bids for the FEED contract for the Ruwais petrochemical complex. The bidders are: Technip, Thyssenkrupp, WorleyParsons. For the Project Management Consultancy contract, SNC-Lavalin has been appointed. (May 2022)
- Taziz has extended the bids submission deadline to 27 May, 2022 for the Cogeneration Plant to be built in the petrochemical complex of Ruwais. The firms pre-qualified to bid, include: Al-Ghanim International, Doosan Heavy Industries & Construction, Elsewedy Electric, Harbin Electric Corporation, Hyundai Engineering & Construction, Larsen & Toubro Power, Orascom Construction, PowerChina, Samsung C&T, Samsung Engineering, Sepco 3. The planned steam and power facility will supply electricity to the different plants to be built in the complex. (May 2022)
- Indian multinational conglomerate company Reliance Industries has signed a shareholder agreement with Taziz for the chemicals project at Ruwais. The new joint-venture will construct and operate a Chlor-Alkali, EDC and PVC production facility, with an investment of more than $2 billion. Representing the first production of these chemicals in the UAE, the project will enable the substitution of imports and the creation of new local value chains, while also meeting growing demand for these chemicals globally. (May 2022)
- Shaheen Chem Holdings Investment (Shaheen) will join Taziz and Reliance Industries JV for EDC & PVC plant project. (May 2022)
- The bids for main FEED contract are under evaluation. (June 2022)
- Taziz has received bids for the Cogeneration Plant to be built in the petrochemical complex of Ruwais. The bidders are understood to include: Al-Ghanim International, Doosan Heavy Industries & Construction, Elsewedy Electric, Hyundai Engineering & Construction, PowerChina, Samsung C&T, Samsung Engineering, Sepco 3. (July 2022)
- Feasibility study ongoing for the second chemicals production phase in Ruwais. The design phase set to commence in Q1, 2023. A new, large-scale steam cracker with a low carbon footprint will serve as the centerpiece of the development. (November 2022)
- The first phase of TA’ZIZ growth continues to progress, with a new strategic agreement signed to advance the development of world-scale facilities for the production of ethylene dichloride (EDC) and chlor-alkali, polyvinyl chloride (PVC). Site preparation at TA’ZIZ is underway and final investment decisions on the first phase of projects are expected before year end. The TA’ZIZ EDC/PVC partners, TA’ZIZ, Reliance Industries and Shaheen signed a Joint Venture incorporation agreement for the development of a world-scale ethylene dichloride (EDC), chlor-alkali, polyvinyl chloride (PVC) production facility, with a total investment in excess of $2 billion (AED 7.34 billion). Fertiglobe, Mitsui & Co., Ltd (Mitsui) and GS Energy Corporation (GS Energy) are also partnering with TA’ZIZ to develop a world-scale low-carbon ammonia facility while TA’ZIZ and Proman are focused on progressing a methanol facility, both at the TA’ZIZ Industrial Chemicals Zone. Separately, the Zone’s utility facilities, that will provide power, steam, cooling, demineralized and wastewater services will be jointly developed by ADNOC and TAQA. And, ADNOC L&S and AD Ports Group will develop a liquids terminal and logistics facility with an international partner, VTTI B.V., which will include construction of a new world-class port. (November 2022)
- The Engineering, Procurement and Construction (EPC) contract for the utility facilities and the EPC contract for the logistics facilities marine works have both been tendered, with EPC awards expected shortly. (November 2022)
- Taziz has signed a shareholders' agreement with PROMAN AG (Proman) to develop the UAE’s first world-scale methanol production facility at the Taziz Industrial Chemicals Zone at Ruwais Industrial City in Abu Dhabi. Under the terms of the agreement, Taziz and Proman will construct a natural gas to methanol facility with an anticipated annual capacity of up to 1.8 million tons per annum. Methanol has a variety of uses including in fuels, solvents, pharmaceuticals and construction materials and has growing potential as a lower-emission fuel, particularly in the maritime sector. (February 2023)
- Taziz has signed a shareholders' agreement with Fertiglobe, GS Energy Corporation (GS Energy) and Mitsui & Co., Ltd. (Mitsui), to develop an anticipated 1 million tons per annum low-carbon ammonia production facility at the Taziz Industrial Chemicals Zone. The agreement builds on Adnoc’s deep experience in Carbon Capture, Utilization and Storage (CCUS), Fertiglobe’s world-leading ammonia capabilities, and Mitsui and GS Energy’s leading roles in industrial decarbonization. Low-carbon ammonia is made from hydrogen derived from natural gas feedstocks and nitrogen, with the carbon dioxide produced captured and stored. Ammonia can be used as a low-carbon fuel for applications, including transportation and power generation and in industries, such as steel, cement and fertilizers. (February 2023)
- KBR has been awarded the contract to provide the technology licence, basic engineering design, proprietary equipment and catalyst for the low-carbon ammonia plant at the new TAZIZ industrial ecosystem and chemicals hub at Ruwais. Tecnimont is the EPC contractor for the low-carbon blue ammonia production facility with a capacity of 1 million tons per annum. (March 2023)
- Maleic Anhydride Production Facility, Isopropyl Alcohol Production Facility and Methanol Production Facility is in study stage. (May 2023)
- The front-end engineering and design (FEED) contract for the Methanol Production Facility at Petrochemical Derivative Complex in Ruwais has been awarded to Technip Energies. The FEED works are expected to be completed by Q4, 2023. (August 2023)
- Taziz has received the pre-qualification documents for the Methanol Production Facility at its Petrochemical Derivative Complex in Ruwais. The Isopropyl Alcohol Production Facility and maleic Anhydride Production Facility are in the study stage. (September 2023)
- The FEED contract is yet to be awarded for Chlor-Alkali, EDC and PVC Production Facility. (October 2023)
- Taziz has invited commercial EPC bids for its Petrochemical Derivative Complex in Ruwais. Last date to submit bids is 15 December, 2023. The proposed petrochemicals project involves the construction of chlor-alkali (CA), ethylene dichloride (EDC), polyvinyl chloride (PVC), methanol, ammonia, isopropyl alcohol, and elastomers production plants, alongwith the construction of port facilities, infrastructure works and associated facilities. (November 2023)
Taziz has awarded the FEED contracts for three chemicals production plants in the Taziz Industrial Chemicals Zone in Ruwais. Thyssenkrupp Uhde of Germany has won FEED contracts for an ethylene dichloride (EDC) plant and a chlor-alkali (CA) plant. Technip Energies of France has won the feed contract for a polyvinyl chloride (PVC) facility. The three planned chemicals plants are part of a scheme known as Project Salt. It is among the main investments in the first phase of development for the upcoming petrochemicals derivatives complex by Taziz. (July 2024)
- Contractors have submitted technical bids for an Adnoc Gas project that involves building a pipeline network that will supply feedstocks to chemicals manufacturers at the Taziz Industrial Chemicals Zone in Ruwais. The main objective of the project is to install a new 42-inch sales gas pipeline measuring 3.14 km, and a 20-inch nitrogen pipeline covering 2.21km, along with associated facilities, from the existing Adnoc Gas pipeline network to the new customer receiving station near the Taziz Industrial Chemicals Zone. (September 2024)
Taziz has awarded the EPC contracts valued at more than $2 billion (AED 7.34 billion) for the development of essential site infrastructure to advance the TA’ZIZ chemicals and transition fuels ecosystem under development in Al Ruwais. The contracts awarded are: 1. The EPC contract worth $300mn for the chemicals port has been awarded to NMDC Group (formerly National Marine Dredging Company). When the port is complete, it will facilitate the export of chemicals and transition fuels, ensuring operational connectivity to regional and global markets and enhancing access to imported supplies. The duration of the project is 25 months. 2. The EPC contract for the chemicals terminal, including the development of storage facilities, tank-to-jetty pipelines, jetty-to-tank pipelines, inter-site pipelines and liquid product storage, has been awarded in partnership with Advario, a global leader in energy and chemicals storage and logistics, to Rotary Engineering of Abu Dhabi. 3. The EPC contract to develop essential infrastructure for the 17-square kilometer TA’ZIZ site, including internal roads, security fencing and buildings, has been awarded to Al Geemi Contracting. A further EPC contract will include the development of centralized utilities including power transmission, steam, cooling water and water. (November 2024)
- Taziz has awarded the EPC contract worth $1.7 billion (AED 6.2 billion) to SAMSUNG E&A for the construction of one of the world’s largest methanol plants in Al Ruwais Industrial City, Al Dhafra region. The 1.8 million tons per annum (mtpa) plant will be the first methanol production facility in the UAE. Upon completion, it will be powered by clean energy from the grid, making it one of the world’s most energy-efficient methanol plants. (February 2025)
- Taziz has awarded the project management consultancy (PMC) contract to Wood for the development of one of the world’s largest methanol production facility in Al Ruwais. The 1.8 million tons per annum (mtpa) plant will be the first methanol production facility in the UAE. Upon completion, it will be powered by clean energy from the grid, making it one of the world’s most energy-efficient methanol plants. (June 2025)
- Taziz has invited technical bids by 15 July, 2025 for the main contract tender for three chemicals production plants worth over $2bn in the Taziz Industrial Chemicals Zone in Ruwais. The three chemicals production plants are: Chlor-Alkali, EDC and PVC Production Facility. The plants are part of a scheme known as Project Salt. It is among the main investments in the first phase of development for the upcoming petrochemicals derivatives complex by Taziz. The companies, amongst others, that have been pre-qualified to bid on the project are: CAT Group, China National Chemical Engineering Company, L&T, Samsung. Reliance is understood to have pulled out of Project Salt and has been replaced by Kem One of France. (June 2025)
- Taziz has received technical bids for the main contract to build three chemicals production plants in the Taziz Industrial Chemicals Zone in Ruwais. The companies that have submitted bids for the contract are: China National Chemical Engineering Company / China Chengda Engineering Company / China Tianchen Engineering Corporation, Larsen & Toubro Energy Hydrocarbon of India, Samsung E&A of South Korea. The three chemicals production plants worth over $2bn, include: Chlor-Alkali, EDC and PVC Production Facility. The plants are part of a scheme known as Project Salt. (August 2025)
- The commercial bids are due to be submitted by 15 August, 2025 for the three chemicals production plants in the Taziz Industrial Chemicals Zone in Ruwais. (August 2025)
- ADNOC L&S and TA’ZIZ announced a 50-year agreement to establish a dedicated chemicals port at the TA’ZIZ Industrial Chemicals Zone in Al Ruwais. ADNOC L&S will build, own and operate the port, while TA’ZIZ will leverage the facility to efficiently export chemicals and their derivatives. Valued at over $300 million, the port is scheduled for completion in Q4 2026 and is projected to generate more than $1.3 billion in revenue for ADNOC L&S over the first 27 years. (October 2025)
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