Ta’ziz and Alpha Dhabi Holding announced at the Make it in the Emirates platform, a strategic collaboration agreement for ~$10 billion in capital investment in new industrial chemicals in the Ta’ziz industrial chemicals ecosystem in Al Ruwais Industrial City.
TA’ZIZ signed $28.5 billion in long-term offtake, feedstock and sales agreements at Make it in the Emirates, covering methanol, PVC, EDC, VCM and other chemicals. Adnoc Gas will supply natural gas under a 25-year deal worth over $5 billion.
The prolonged closure of Strait of Hormuz, lasting significantly longer than a month, would negatively affect global chemical production, with Mideastern and Asian producers most affected. Chemical production costs may hit a new high and global supply chains could get disrupted, said a report.
The UAE topped the list of Oman’s trading partners last year in non-oil exports - including chemicals, metals and machinery - as well as re-export activities, and merchandise imports, said a report. Other prominent trading partners included Saudi Arabia, India, China, Iran and UK.
The Saudi Ports Authority (Mawani) has signed a contract with Arabian Chemical Terminals to establish storage tanks for chemical and petrochemical materials at Jubail Commercial Port, with an investment exceeding SAR500 million on an area of 49,000 sq m.
Borouge announced the launch of the first Made-in-UAE low-density polyethylene (LDPE) for healthcare applications, at ADIPEC 2025 in Abu Dhabi on Wednesday.
Saudi Basic Industries Corporation (SABIC) has reported a 7% year-on-year decline in revenue for the third quarter of 2025, with total revenue amounting to SAR34.33 billion ($9.15 billion), primarily due to lower average selling prices and sales volumes.
Adnoc Logistics & Services (Adnoc L&S) and TA’ZIZ announced a 50-year agreement to establish a dedicated chemicals port at the TA’ZIZ Industrial Chemicals Zone in Al Ruwais. Adnoc L&S will build, own and operate the port, while TA’ZIZ will leverage the facility to efficiently export chemicals and their derivatives.
