Farid Al Awlaqi, Chief Executive Officer, TAQA’s Generation business, said: «This agreement strengthens TAQA’s role in enabling industrial growth in the UAE by providing reliable and efficient utility infrastructure to service TA’ZIZ chemicals and transition-fuels production. Through this long-term partnership with ADNOC, we are supporting the diversification of Abu Dhabi’s economy and investing in strategic and sustainable infrastructure that will contribute to GDP growth. ADNOC and TAQA both have a proven track record in the energy sector and together are developing a world-class facility in Ruwais.»
Mashal Al-Kindi, Chief Executive Officer of TA’ZIZ, said: «This multi year agreement with TAQA is a pivotal step in advancing TA’ZIZ’s long term vision, driving sustainable growth and strengthening the UAE’s industrial base. Reliable and efficient utilities remain central to our value proposition, providing industry leaders with the stable infrastructure essential for world scale chemicals and transition fuels manufacturing.»
The agreement marks a significant milestone in the development of the TA’ZIZ ecosystem. TA’ZIZ is set to accelerate the UAE’s industrial diversification and is set to produce 4.7 million tonnes per annum (MTPA) commencing in 2028. This will include methanol, low-carbon ammonia, polyvinyl chloride (PVC), ethylene dichloride (EDC), vinyl chloride monomer (VCM) and caustic soda. TAQA's Generation business continues to expand its regional portfolio with several major projects, including the 1-gigawatt Al Dhafra Gas Turbine project in the UAE and 3.6 GW new high-efficiency power plants – Rumah 2 IPP and Al Nairyah 2 IPP – in Saudi Arabia, being developed alongside partners JERA and AlBawani.
