Adnoc and Taqa Sign 27-Year Utilities Agreement for Ta'ziz Ruwais Plant
Adnoc and Taqa have entered into a 27-year agreement to provide essential utilities for the Ta'ziz Industrial Chemicals Zone in Ruwais, including electricity, steam, cooling, and water. The project aims to support the production of 4.7 million tonnes of chemical products annually by 2028, with Taqa holding a 60% stake and Adnoc 40%. Additionally, Ta'ziz has secured long-term supply agreements with India's Sanmar Group for key chemical inputs.
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Adnoc and Taqa signed a 27-year agreement to supply utilities to the Ta'ziz Industrial Chemicals Zone in Ruwais. The project will include electricity, steam, cooling, and water utilities to support chemicals and transition fuels projects.
Ta'ziz will establish a service management company as the sole offtaker. The industrial zone aims to produce 4.7 million tonnes of chemical products annually by 2028, including methanol and PVC. Ta'ziz also recently signed long-term supply agreements with India's Sanmar Group for EDC and VCM.
The utilities project will be developed on a build-own-operate basis, with Taqa holding 60% and Adnoc 40%. The contracted capacity includes steam, water, and air among other utilities.
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