Reliance and Abu Dhabi’s Tajiz deal worth Rs 200 crore, new horizons of trade opened – News18 Bangla

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#NewDelhi: New trade horizons opened up with Reliance Industries Limited (RIL) and Abu Dhabi-based Chemicals Derivatives Company RSC Ltd (TA’ZIZ) signing a joint venture agreement between the two companies on Tuesday. The project will be built in Ruwais, 240 km away. What’s in the project? In a press statement, RIL said that Chlor-Alkali, Ethylene Dichloride (EDC) and Polyvinyl Chloride (PVC) will be made in the project. Has been about 200 million dollars.

The new project that is about to be launched is named, ‘TA’ZIZ EDC & PVC’. It is set to emerge as a world-class chemical manufacturing plant. It will be made in Tajiz Industrial Chemicals Zone. The project is expected to change the face of the UAE economy. Local delivery system will be created, the amount of chemical products produced in the country will increase in one go. The project is expected to strengthen ties between the Abu Dhabi National Oil Company (ADNOC) and RIL’s Middle East and North Africa initiatives.

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Ahmed Al Jaber, Minister for Industries of the United Arab Emirates, and Mukesh Ambani, Chairman and MD of RIL, were present at the signing ceremony on Tuesday. Al Jaber said, “This agreement with RIL will in fact build a stronger relationship between India and the UAE. At the same time, it will be clear to the world that Tajiz has built a world-class ecosystem.” On behalf of RIL, Mukesh Ambani said, “We are very happy to see our first project being implemented in Taji.

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It will become a world-class chemical hub. PVC is needed for India’s economic development. By building stronger ties between the people of the two countries, our two organizations will continue to work on ways to improve the lives of the people of the two countries. ” Being.

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