As Abu Dhabi state giant Adnoc advances its aggressive expansion plans, the firm is pushing ahead with a major expansion of its petrochemical capabilities. Central to this is the Ta’ziz Industrial Chemicals Zone, where India’s Reliance Industries this week become the second foreign firm to sign up to a ‘world-scale’ project.
In 2017, Adnoc announced plans to more than triple its petrochemicals capacity to 14.4mn t/y by 2025 (MEES, 1 December 2017). As well as expanding its petrochemicals facilities, Adnoc is also working to move further along the value chain through the production of more valuable derivatives, and Ta’ziz is a key plank of this effort. (CONTINUED - 788 WORDS)