iStock/sharrocksby Kudakwashe Muzoriwa
The Abu Dhabi National Oil Company (ADNOC) has signed a framework agreement with India’s Reliance Industries to explore the development of an ethylene dichloride facility in Ruwais.
ADNOC and Reliance Industries agreed to evaluate the potential creation of a facility that manufactures ethylene dichloride adjacent to the state-owned energy giant’s integrated refining and petrochemical site in Ruwais and strengthen the companies’ existing relationship supporting future collaboration in petrochemicals.
In a statement, ADNOC stated that it will supply ethylene to the potential joint venture and provide access to world-class infrastructure at Ruwais, while RIL will deliver operational expertise and entry to the large and growing Indian vinyls market, in which it is a key participant.
ADNOC’s expansion and new investment in downstream will accelerate the delivery of its 2030 strategy, powered by a $45 billion investment, and create a more flexible, resilient and diverse energy business, optimizing its performance and stretching the dollar from every barrel of oil it produces.