Abu Dhabi – Mubasher: Khalifa Industrial Zone of Abu Dhabi (Kizad) on Sunday signed a land lease agreement with Shaheen Chem Investment for the building of a two-phase chemical complex in the industrial zone with an expected investment of AED 4 billion ($1.08 billion).
Situated on 330,000 square-metre area in Kizad and enjoys a port terminal at Khalifa Port, the new plant will support the UAE’s chemical manufacturing sector and supply corporations such as Emirates Global Aluminium (EGA) with raw material, Kizad said in a statement.
The plant’s first phase is planned to produce 130,000 tonnes per year of caustic soda for EGA’s Al Taweelah alumina refinery, in addition to 160,000 tonnes per year of ethylene dichloride.
"We are also excited to become the first producer of ethylene dichloride in the UAE and to later bringing vinyl chloride and polyvinyl chloride production to the country as part of phase II of the project,” said Rashed Al Suwaidi, Shaheen Chem’s chairman.
Following the completion of the second phase, the plant will double its caustic soda production capacity and expand its operations with vinyl chloride and polyvinyl chloride production, Kizad revealed.
“We have aimed to support the growing industrialisation of the UAE and diversification of our economy,” Abu Dhabi Ports’ CEO Mohamed Juma Al Shamisi commented.
