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Ambani’s Reliance to Build $2 Billion Petrochemical Plant in UAE
December 7th, 2021 - 12:55 GMT

Ambani’s Reliance to Build $2 Billion Petrochemical Plant in UAE

Abu Dhabi state-owned Chemicals Derivatives Company (TA’ZIZ) and Reliance Industries Ltd. agreed to build a $2 billion petrochemical plant in Ruwais, Abu Dhabi, TA’ZIZ said in a statement on Tuesday. This is considered the Indian company’s first such investment in the Middle East. Abu Dhabi National Oil Co. (ADNOC) and Reliance are exploring ways to turn hydrocarbons into products that will help them tap consumer demand for plastics. The accord ...
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