RIL and RSC Ltd. to invest in UAE Petrochemical Unit
Reliance Industries Limited (RIL) and RSC Ltd, an Abu Dhabi Chemicals Derivatives Company are planning to invest $2 billion in a petrochemical production facility in the United Arab Emirates. The companies are engaged in a joint venture for a production facility of Ethylene Dichloride and Polyvinyl Chloride by using the Chlor-alkali process.
The project is aiming at cutting down the imports by creating new local value chains and meeting the global demand for these chemicals. The project will be launched as ‘TA’ZIZ EDC & PVC’ a chemical production partnership, at the TA’ZIZ Industrial Chemicals Zone in Ruwais, Abu Dhabi.