MOSCOW (MRC) -- Reliance Industries Limited (RIL) has recently entered a joint venture with Abu Dhabi Chemical to build the first petrochemical plant to produce Chlor-alkali products in the UAE, according to CommoPlast.
The new plant will be located in Ruwais, UAE and will produce Ethylene Dichloride (EDC) and Polyvinyl Chloride (PVC).
The USD2 billion project is named TA’ZIZ EDC & PVC. Its output will meet the growing demand in the local market, as well and in Southeast Asia and Africa.
The project is preliminarily designed to produce 580,000 tons/year of EDC, which would need to use 790,000 tons of chorine per annum. The downstream PVC plant is expected to have an annual output of 360,000 tons/year.
Market sources said that the excess EDC supply would be exported to India, where the demand expands at a healthy pace.
As MRC informed before, in November 2021, Reliance Industries and Saudi Aramco decided to re-evaluate their agreement for the Middle Eastern producer to buy a stake in the refining and petrochemical business of India"s biggest private refiner, and both companies would look at broader areas of cooperation due to the changing energy scenario.
According to MRC's ScanPlast report, Russia's estimated consumption of unmixed PVC was 911,400 tonnes in January-November 2021, up by 7% year on year. The emulsion and suspension PVC market showed an increase in demand. November estimated consumption of SPVC in Russia totalled 79,340 tonnes versus 76,720 tonnes in October. Russian producers reduced their exports, and their output also increased after the completion of scheduled maintenance works.
Reliance Industries is one of the world's largest producers of polymers. The company produces polypropylene, polyethylene and polyvinyl chloride and other petrochemical products.