Indorama, ChemaWEyaat JV for Tacaamol Aromatics Plant in Abu Dhabi

10:18 AM, 27th December 2013

Indorama Ventures joint vnture business news

BANGKOK, THAILAND: Indorama Ventures Public Company Limited (IVL) has signed a joint venture agreement with Abu Dhabi National Chemicals Company (ChemaWEyaat) to develop the Tacaamol Aromatics Plant on Madeenat ChemaWEyaat Al Gharbia’s (MCAG) site in the Western Region of Abu Dhabi.

The joint venture plant is expected to have an annual design capacity of about 1.4 million tonne of paraxylene and 0.5 million tonne of benzene. IVL will hold 49 per cent equity and ChemaWEyaat will hold 51per cent equity in a new joint venture company to be known as Abu Dhabi Chemicals Integration Company LLC (Tacaamol).

0 Comments

Your Comments (Up to 2000 characters)

Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Submit

Related News

Applications of gallium

SINGAPORE: Gallium is a chemical element that does not occur in free form in nature. Gallium has one of the longest liquid temperature ranges of any m ...

ICL to acquire Vale Fertilizantes’s share in Fosbrasil

TEL – AVIV, ISRAEL: ICL, a global unique minerals based products producer, has entered into a definitive agreement to acquire Vale Fertilizantes ...

Methanex sells 10 pc stake in Egyptian methanol business

VANCOUVER, CANADA: Methanex Corporation has completed its sale of an approximate 10 per cent equity share in Egyptian Methanex Methanol Company SAE (E ...

Sibur, Gazprom to build gas processing plant in Russia

MOSCOW, RUSSIA: Sibur and Gazprom Neft have signed an agreement for construction of a new gas processing plant (GPP) with an annual associated petrole ...

Nalco to build new headquarters in Sugar Land, US

HOUSTON, US: Nalco Champion, an Ecolab company, plans to construct a new headquarters building in Sugar Land, Texas, US to house its Houston-area ener ...

Solvay, AREVA JV to develop new applications for thorium

BRUSSELS, BELGIUM: Solvay and AREVA have signed an agreement to develop new applications for the use of thorium, an element that is abundantly present ...