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ADIC to develop Chemicals Industrial City in Taweelah area

05
May '08
Abu Dhabi Ports Company (ADPC) has signed an MOU with Borealis / Abu Dhabi Investment Council ADIC on behalf Chemaweyaat, an initiative developed by ADIC and the International Petroleum Company (IPIC) to speed up Abu Dhabi's involvement in the Chemical Industry, with the objective to locate the new planned Chemicals Industrial City at Khalifa Industrial Zone at Taweelah.

The first project to be located at the Chemicals Industrial City is Chemaweyaat Complex 1. It is expected to be the world's largest grassroots fully chemicals integrated complex with a total production of around seven million tons per annum of olefins, aromatics, oxide and ammonia derivatives.The Chemaweyaat Complex 1 is expected to be complete by 2013.

"The location of this large scale petrochemical complex is a major milestone for the development of the industrial cluster at the Khalifa Industrial Zone. Chemaweyaat, as an anchor tenant will attract additional investments from all parts of the supply chain and will create a viable chemical and petrochemical cluster. This will deliver valuable collective benefits to the port and the industrial zone" said Mr. Ahmed Al Calily, CEO & MD at ADPC.

Mr. Mohamed Al Azdi, Chairman of the Chemaweyaat development committee said "we are very pleased with the opportunity to locate the new Chemicals Industrial City in Khalifa Industrial Zone at Taweelah as it provides us not only the physical space for major development, but also helps us to export our future production efficiently. We also look forward to attracting production


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