ADNOC L&S & TA’ZIZ To Build UAE’s First Chemicals Port In Ruwais

ADNOC Logistics & Services PLC and TA’ZIZ have signed a contract to build a chemicals port at the TA’ZIZ Industrial Chemicals Zone in Al Ruwais.

The former will own and operate the facility, while the latter will ensure it remains efficient in exporting chemicals and their derivatives.

The port, valued at more than $300 million, will be completed by 2026 end and is estimated to generate over $1.3 billion in revenue in the first 27 years of operation.

TA’ZIZ is also developing the UAE’s first chemicals ecosystem, and by 2028 end, it will produce 4.7 million tons of chemicals annually.

The system would include a tank terminal, feedstock pipelines, and infrastructure, including roads, emergency response, health and safety, etc.

This would include low-carbon ammonia, caustic soda, methanol, ethylene dichloride (EDC), vinyl chloride monomer (VCM) and polyvinyl chloride (PVC).

Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, said that this agreement will offer ADNOC a sustainable revenue stream and support TA’ZIZ’s growing chemicals ecosystem.

He added that this initiative shows their commitment to expanding into high-growth sectors and contributing to the UAE’s industrial advancement.

The project is also expected to create thousands of jobs and enable TA’ZIZ to deliver new end-products for various industries, including agriculture, construction, and healthcare.

Mashal Al-Kindi, CEO of TA’ZIZ, said that the new chemicals port would enable them to export their goods to markets in Asia and Africa.

Source: Maritime Shipping News