TA'ZIZ $28.5 Billion Chemicals Agreements

TA ZIZ, a joint venture between Abu Dhabi National Oil Company and ADQ, announced the signing of long-term agreements valued at $28.5 billion at the Make it in the Emirates forum. These agreements, ranging from five to 25 years, cover global offtake, feedstock, and sales across TA ZIZ's chemicals portfolio, including methanol, PVC, EDC, VCM, caustic soda, salt, and natural gas. Key deals include sale agreements with Abu Dhabi National Oil Company and Proman for methanol, Emirates Global Aluminium for caustic soda, and various international partners like Mitsubishi Corporation and Mitsui & Co. for other chemicals. ADNOC Gas secured a 25-year feedstock agreement to supply natural gas to the TA ZIZ methanol project, valued at over $5 billion. Additionally, TA ZIZ agreed to a 20-year salt supply with Sama Salt. These agreements are crucial for anchoring large-scale chemical production within the United Arab Emirates, strengthening domestic value chains, and advancing the nation's industrial self-sufficiency. The TA ZIZ Industrial Chemicals Zone is projected to produce 4.7 million tonnes per annum of chemicals by 2028.