RIL and TA’ZIZ enter a formal Shareholders’ Agreement

Reliance Industries (RIL) and Abu Dhabi Chemicals Derivatives Company RSC (TA`ZIZ) have signed a formal shareholder agreement for the development of ethylene dichloride (EDC) and polyvinyl chloride (PVC) projects in Ruwais, Abu Dhabi. State-owned Abu Dhabi National Oil Company (ADNOC) and investment company ADQ hold stakes in TA'ZIZ. 

The joint venture will build and operate production facilities for Chlor-alkali, ethylene dichloride, and polyvinyl chloride with a total investment of over US $2 billion.

RIL signed a strategic partnership agreement with ADNOC in June last year to establish a joint venture to develop chemical projects in the TA’ZIZ Industrial Chemistry Zone of Ruwais.

Chlor-alkali is used in the production of caustic soda, which is essential for the purification of alumina, and EDC is used in the production of PVC, which is used in the production of consumer products.