TA’ZIZ announced at the Make it in the Emirates forum the signing of long-term agreements spanning offtake, feedstock and sales across its chemicals portfolio, including methanol, polyvinyl chloride (PVC), ethylene dichloride (EDC), vinyl chloride monomer (VCM), caustic soda, salt and natural gas valued at $28.5 billion (AED104.6 billion).
Ranging from five to
25 years, the agreements secure both global offtake and reliable local
feedstocks, anchoring large-scale chemical production within the UAE and
reinforcing TA’ZIZ’s role in building a fully integrated domestic chemicals
ecosystem.
The deals include sale
agreements with Adnoc and Proman for methanol; Emirates Global Aluminium (EGA)
for caustic soda; Mitsubishi Corporation for EDC, VCM and caustic soda; Mitsui
& Co. for EDC and caustic soda; Sanmar Group for EDC and VCM; Tricon for
PVC, EDC and caustic soda; and Vinmar for EDC and PVC.
Mashal Al-Kindi, CEO
of TA’ZIZ, said, “These long term agreements represent a defining milestone for
TA’ZIZ and for the UAE’s industrial growth ambitions. By securing both global
demand and reliable local feedstock, we are translating vision into delivery,
anchoring world scale chemicals production, strengthening domestic value chains
and creating enduring economic value, jobs and supply chain resilience for the
UAE.”
Adnoc Gas secured a
25-year feedstock agreement to supply natural gas to the TA'ZIZ methanol
project valued at over $5 billion (AED18.4 billion).
The agreement with EGA
for around 200,000 dry metric tonnes per year of caustic soda marks a
significant milestone in the UAE’s journey toward industrial self sufficiency.
TA’ZIZ’s caustic soda
supply positions the company as the first major supplier of domestically
produced caustic soda for EGA’s Al Taweelah alumina refinery in Khalifa
Economic Zones Abu Dhabi (KEZAD).
TA’ZIZ also agreed a
20 year salt supply agreement with Abu Dhabi based Sama Salt to support
production at its PVC complex.
Together, these
agreements leverage local resources to secure a reliable and sustainable supply
of critical raw materials, further strengthening domestic value chains and
advancing the UAE’s industrial self sufficiency.
The TA’ZIZ Industrial
Chemicals Zone is set to produce 4.7 million tonnes per annum (mtpa) of
chemicals once construction is completed in 2028. -OGN/TradeArabia News Service
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