Comment Business & Economics
Chemicals industrial city planned for Abu Dhabi
By Gerald Ondrey |
The International Petroleum Investment Company (Abu Dhabi, U.A.E) and Borealis AG (www.borealisgroup.com) have signed a memorandum of understanding along with Abu Dhabi Investment Council to prepare jointly for the first phase of the development of a planned new Chemicals Industrial City to be located in Abu Dhabi, the United Arab Emirates.
The multi-billion-dollar project comprises a world-scale naphtha cracker, downstream propylene and ethylene derivatives; a world-scale reformer, xylene, benzene, cumene, phenol and derivatives units. Upon completion of the first phase, expected in 2013, the complex will be the largest and most integrated of its kind in the world, supporting the Abu Dhabi government’s strategy of diversifying its economy. The output from the planned complex will also offer a wealth of new opportunities for further development of the downstream industries in the country.
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