MOSCOW (MRC) -- Khalifa Industrial Zone of Abu Dhabi (Kizad) has signed an agreement with Shaheen Chem Investment for the land lease of a two-phase chemical complex in the industrial zone with an expected investment of AED 4 billion (USD 1.08 billion, as per GV.
The plant will support the UAE’s growing chemical manufacturing sector as well as supply major industrial giants such as Emirates Global Aluminum (EGA) with raw material, said a statement from Kizad.
Shaheen Chem Investment will also pioneer the production of ethylene dichloride in the UAE, showcasing Kizad’s role as an industrial hub for the country.
The complex will come up over a dedicated 330,000 m2 area in Kizad, in addition to a dedicated port terminal at Khalifa Port, it stated.
The first phase of the plant is expected to produce 130,000 t/y of caustic soda for EGA’s Al Taweelah alumina refinery and 160,000 t/y of ethylene dichloride.
Upon completion of the second phase, caustic soda production capacity will be doubled and the plant will expand operations with vinyl chloride and polyvinyl chloride production, said the statement from Kizad.
Rashed Al Suwaidi, chairman of Shaheen Chem, said: "We now look forward to building our plant at Kizad to supply EGA with the caustic soda it needs. We are also excited to become the first producer of ethylene dichloride in the UAE and to later bringing vinyl chloride and polyvinyl chloride production to the country as part of phase II of the project."
MRC