Reliance Industries Ltd (RIL) has signed an agreement with state-owned Abu Dhabi National Oil Company (ADNOC) to explore a joint venture for building an ethylene dichloride (EDC) facility in Ruwais.
EDC is a basic building-block for manufacture of PVC, a polymer product in increasingly higher demand globally. PVC plays a critical role in the housing and agriculture sectors, and demand for PVC, particularly in the Indian vinyls market, is expected to grow significantly.
The agreement was signed by Abdulaziz Alhajri, Executive Director of ADNOC’s Downstream Directorate and Nikhil R. Meswani, RIL Executive Director in the presence of Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO, and Mukesh Ambani, RIL Chairman and Managing Director.
