Indorama Ventures signs agreement with ChemaWEyaat developing Aromatics Plant

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).

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