Abu Dhabi - Mubasher: ADNOC and Abu Dhabi National Energy Company (TAQA) have signed a 27-year agreement to supply critical utilities to the TA’ZIZ industrial chemicals zone in Ruwais industrial city.
The agreement covers both the construction of the central utilities platform and the long-term offtake of its output, according to a press release.
ADNOC and TAQA will jointly develop a central utilities project, providing reliable support for TA’ZIZ’s chemicals and transition-fuels projects.
Meanwhile, the platform will include grid connection, steam production, process cooling, and water and wastewater services.
TA’ZIZ, a joint venture (JV) between ADNOC and ADQ, will create a service management company as the sole offtaker of the utilities, ensuring stable operations for large-scale industrial activity.
Farid Al Awlaqi, CEO of TAQA’s Generation Business, said: "This agreement strengthens TAQA’s role in enabling industrial growth in the UAE by providing reliable and efficient utility infrastructure to service TA’ZIZ chemicals and transition-fuels production.”
“Through this long-term partnership with ADNOC, we are supporting the diversification of Abu Dhabi’s economy and investing in strategic and sustainable infrastructure that will contribute to GDP growth,” he added.
Mashal Al Kindi, CEO of TA’ZIZ, noted: “Reliable and efficient utilities remain central to our value proposition, providing industry leaders with the stable infrastructure essential for world-scale chemicals and transition-fuels manufacturing.”
TA’ZIZ will accelerate the UAE’s industrial diversification, producing 4.70 million tons per annum (MTPA) from 2028, including methanol, low-carbon ammonia, polyvinyl chloride (PVC), ethylene dichloride (EDC), vinyl chloride monomer (VCM), and caustic soda
Earlier this month, TAQA and its alliance issued long-term green bonds worth $870.75 million (AED 3.20 billion) to refinance the Al Dhafra solar PV power plant.
