UAE is seeking to build Chemaweyaat into one of the world's top 10 chemical producers.
Abu Dhabi plans to build new petrochemicals plants near an existing oil refinery at the Ruwais industrial area rather than at a port closer to the UAE capital, the state-run port developer said.
State-owned Abu Dhabi National Chemicals Co will shift all planned sites to Ruwais, about 100 miles (160 kilometers) southwest of the city, gaining more direct access to the refinery by-products that will feed its crackers, Abu Dhabi Ports Co. said on Thursday in an e-mailed response to questions.
The petrochemical developer, known as Chemaweyaat after the Arabic word for chemicals, had initially planned to build some plants at the projected Port Khalifa, a new industrial zone between Abu Dhabi and Dubai. Chemaweyaat has since received a grant of land adjacent to the Ruwais refinery.
“We have worked closely with Chemaweyaat and have been part of this discussion,” the port developer said. “We both agree to have one petrochemicals complex in one area and the recommendation was to have it closer to the source of feedstock. We are delighted about the land allocation to Chemaweyaat next to the Ruwais complex, the source of feedstock.”
The UAE is seeking to build Chemaweyaat into one of the world’s top 10 chemical producers. The company aims to begin production at its first plant, an aromatics facility called Tacaamol, in 2015, Chief Executive Officer Mohamed Abdulla Al Azdi said in October. Tacaamol will use liquid petroleum gas and naphtha to run the plants. (Bloomberg)