Abu Dhabi’s ruler has signed a decree for the formation of the Abu Dhabi National Chemicals Company (Chemaweyaat), in a further sign of the emirate's commitment to the $20bn industrial chemicals venture.
A source close to Chemaweyaat confirms to MEED that the decree was signed by Sheikh Khalifa bin Zayed Al Nahyan on 16 February.
The source adds that no change has been made to the structure of the company or to plans for the major petrochemicals complex at Taweelah.
“In certain cases you have a decree company [in Abu Dhabi],” the source says. “This is just confirming that the decree has been made and [the project] reached a further phase. It is a reassurance of the project”
The source declined to comment on a prospective schedule for the construction of the plant.
Chemaweyaat is a joint venture between Abu Dhabi's International Petroleum Investment Council (Ipic), the Abu Dhabi Investment Council and Abu Dhabi National Oil Company (Adnoc).
Australia’s WorleyParsons signed a long term project management consultancy contract for the project in January (MEED 19:1:09).
Production at the complex, will include a 145,000 tonne a year (t/y) naphtha cracker, 550,000 t/y of linear low density polyethylene, 350,000 t/y of low density polyethylene, 750,000 t/y of ethylene oxide, 145,000 t/y of aromatics (benzene, toluene and xylenes), 510,000 t/y of urea, and 450,000 t/y of polypropylene, alongside a reformer and phenol and cumene units.
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