Adipec wrapped yesterday with an offtake agreement for T’aziz petrochemicals, after a bumper run that locked in some USD 46 bn in cross-sector agreements, according to state news agency Wam.

Ta’ziz secures offtake for EDC and VCM: Ta’ziz signed two term sheets with India’s Sanmar Group for long-term product sales covering more than 350k tonnes a year of ethylene dichloride (EDC) and vinyl chloride monomer (VCM), according to a statement. The products will be produced at the Ta’ziz industrial ecosystem in Ruwais Industrial City and supplied under agreements running for up to 10 years, giving Sanmar secure offtake for core inputs used in polyvinyl chloride (PVC).

ICYMI- Ta’ziz — a JV between ADQ and Adnoc — just awarded a AED 7.3 bn (c.USD 2 bn) EPC contract to China National Chemical Engineering & Construction Corporation Seven to build the UAE’s first PVC plant in Ta’ziz industrial ecosystem in Ruwais. The facility will produce 1.9 mn tonnes annually of PVC, ethylene dichloride (EDC), vinyl chloride monomer (VCM), and caustic soda. The facility is part of a wider chemicals complex and transition fuels site in Al Ruwais Industrial City, which is expected to contribute some AED 183 bn to the economy — targeting 4.7 mn tonnes annually of capacity across chemicals and transition-fuel products.

ALSO FROM ADIPEC- Adnoc to launch purchase order-backed SME financing: Adnoc signed a partnership with Comera Financial Holdings — part of Abu Dhabi’s Royal Group — to enable UAE SMEs and suppliers to unlock working capital against Adnoc purchase orders, according to a press release. The program will give suppliers faster access to liquidity to accelerate delivery timelines.

What’s coming: Both parties will develop an automated platform that connects qualifying Adnoc vendors directly with lender support and funding.

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