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Contractors have submitted commercial bids for a project by Netherlands-based VTTI to build a chemicals handling and export terminal at the Taziz Industrial Chemicals Zone in Abu Dhabi.

Known as Project Landing, the chemicals handling terminal project is estimated to be valued at $600m, MEED previously reported.

The proposed terminal is envisaged to handle the movement of bulk chemical liquids and bulk solids that manufacturers will produce in the Taziz Industrial Chemicals Zone.

Commercial bids for the project were submitted on 22 April, sources told MEED. Upon request from the client, bidders also submitted revised prices by 29 April, the sources added.

According to sources close to the project, two contractors – Audex and Rotary Engineering, both headquartered in Singapore – submitted bids. Egyptian contractor Petrojet did not submit an offer.

Bidders are now engaged in technical bid clarification and further commercial negotiations with VTTI, the sources further said.

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VTTI has allowed several extensions for the project’s commercial bid submissions, with the previous deadlines being 5 February, 26 February, 15 March, 22 March and 29 March.

Contractors submitted technical bids for Project Landing “during the last quarter of last year”, sources previously said.

VTTI plans to build the chemicals terminal east of Adnoc Gas' Ruwais Sulphur Handling Terminal 2. The proposed facility will enable the export of products such as isopropyl alcohol, sodium hydroxide, ethylene dichloride, methanol and ammonia.

Taziz, a 60:40 joint venture of Abu Dhabi National Oil Company (Adnoc) and Abu Dhabi’s industrial holding company ADQ, has attracted investments from several foreign investors for its planned chemicals projects in the first phase of the Ruwais derivatives complex.

MEED's April 2024 special report on the UAE includes:

> COMMENT: UAE rides high on non-oil boom
> GVT & ECONOMY: Non-oil activity underpins UAE economy
> BANKING: UAE banks seize the moment
> UPSTREAM: Adnoc oil and gas project spending sees steep uptick
> DOWNSTREAM: UAE builds its downstream and chemical sectors
> POWER: UAE marks successful power project deliveries
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> DUBAI CONSTRUCTION: Dubai real estate boosts construction sector
> ABU DHABI CONSTRUCTION: Abu Dhabi makes major construction investments