RIL, ADNOC in pact to explore setting up Ethylene Dichloride JV
NEW DELHI: Reliance IndustriesNSE -0.22 % and Abu Dhabi National Oil Company (ADNOC) have signed a framework agreement to explore development of an Ethylene Dichloride (EDC) facility in Ruwais, the companies said in a joint statement late Tuesday.
The planned unit will help RIL in procuring EDC, a key raw material used in the manufacturing of a polymer product, Polyvinyl chloride (PVC). PVC products are used in the housing and agriculture sectors, and demand for it, particularly in the Indian vinyls market, is expected to grow.
