Stock UAE Oil Refinery Adnoc Ruwais
ADNOC expands the scope at its Ruwais complex, roping in Abu Dhabi utilities giant TAQA to handle the power and other requirements for Ta'ziz, Image Credit: Bloomberg

Dubai: Abu Dhabi’s TAQA will help build the utility network for ADNOC’s chemicals production hub Ta’ziz in Ruwais.

“ADNOC’s agreement with TAQA is the next milestone in the development of Ta’ziz, as we continue to grow a globally competitive industrial ecosystem and highly attractive and competitive investor value proposition,” said Khaleefa Al Mheiri Acting CEO for the chemicals hub.

Under the terms of the agreement, ADNOC and TAQA will jointly develop the power, steam, cooling, demineralized and waste water services to enable chemicals projects at Ta’ziz. Since its launch in November last, development activities at the site have progressed, with land and marine surveys already complete.

Ta'ziz will play a central role
Ta’ziz will have "strong synergies" with ADNOC’s integrated downstream and industry assets for feedstocks, as well as help with maritime, land and air logistics and transport links.

The site is adjacent to the Ruwais Industrial Complex and enjoys a favorable location on routes to the UAE’s target markets.

"Considerable interest has been received from local and international investors in opportunities across the entire ecosystem and value chain, and agreements with the first phase of investors are nearing finalization," said a statement from ADNOC.

Contracts have been awarded for the first stages of development for the site. This includes geotechnical and topographical surveys, a marine bathymetric survey and health, safety and environment impact assessments, which have already been completed. The surveys will enable civil engineering works to prepare the site for construction as well as dredging for an entirely new port facility.

Key project awards
Tenders for the front-end engineering and design of the seven Ta’ziz chemicals derivatives projects have been awarded. Final investment decisions for the projects and awards of related EPC contracts are being targeted for 2022.