Abu Dhabi to set up world's largest chemicals complex

Abu Dhabi to set up world's largest chemicals complex
By Haseeb Haider KHALEEJ TIMES 5 May 2008

ABU DHABI - Abu Dhabi, which is setting up Chemicals Industrial City in Taweelah's Khalifa Industrial Zone, has finalised its plan to establish the world's largest chemicals complex.

The multi-billion dollar project, due to complete in 2013, will manufacture olefins, aromatics, oxide and ammonia derivatives.

The Chemaweyaat Complex-1 will be the first project to be completed at the Chemicals Industrial City. It is expected to be the world's largest grassroots fully chemical integrated complex with a total production of around seven million tonnes per annum of olefins, aromatics, oxide and ammonia derivatives.

Abu Dhabi Ports Company (ADPC), which owns Khalifa Industrial Zone, has signed an MoU with Chemaweyaat, an initiative launched by ADIC and the International Petroleum Company (IPIC) to develop the mega project in Chemicals Industrial City.

"The location of this large scale petrochemical complex is a major milestone for the development of the industrial cluster at the Khalifa Industrial Zone," said Ahmed Al Calily, CEO and MD of ADPC.

"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," he added.

Mohamed Al Azdi, Chairman of the Chemaweyaat Development Committee, said the new Chemicals Industrial City will not only provide the physical space for major development, but also help export future production efficiently.

He said that Chemaweyaat will look forward to attracting further downstream industries to Taweelah through the broad range of chemical and petrochemical products to be produced there.

KPIZ is a multi-purpose facility strategically located in Taweelah between Abu Dhabi and Dubai. It includes the construction of a world-scale container and industrial port, and the development of over 100 square kilometres of industrial, logistics, commercial, educational and residential special economic and free zones.