ADNOC and Reliance Industries to set up petrochemical project in Abu Dhabi

Reliance Industries (RIL) and Abu Dhabi National Oil Company (ADNOC) have signed an agreement to set up a new petrochemical complex in Ruwais, Abu Dhabi, to produce chlor-alkali, ethylene dichloride, and polyvinyl chloride (PVC).

Under the terms of the agreement, this integrated plant will have a capacity to produce 940,000 tonnes of chlor-alkali, 1.1 million tonnes of ethylene dichloride, and 360,000 tonnes of PVC annually, RIL said in a statement on Tuesday.

According to oil sector executives, it would cost upwards of Rs 30,000 crore to set up the petrochemical facility.

Chlor-alkali is used in water treatment and in the manufacture of textiles