# Reliance Industries signs shareholder agreement for $2 billion TA'ZIZ chemical project in UAE

Reliance Industries signed a formal shareholder agreement for the TA'ZIZ EDC and PVC joint venture in the UAE, with a total investment of over USD 2 billion. The project will produce chlor-alkali, ethylene dichloride, and polyvinyl chloride.

- Type: Partnership
- Announced: 2022-04-26
- Where: TA'ZIZ Industrial Chemicals Zone, UAE, United Arab Emirates
- Value: $2.00B
- Status: announced
- Capacity: 940,000 tonnes/year chlor-alkali, 1.1 million tonnes/year EDC, 360,000 tonnes/year PVC
- Products: chlor-alkali, ethylene dichloride, polyvinyl chloride
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Reliance Industries](https://endata.com/companies/1562.md) (partner)
- [ADNOC](https://endata.com/companies/2481.md) (partner)
- [TA'ZIZ](https://endata.com/companies/30605.md) (partner)

## Sources

- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/reliance-inks-pact-for-uae-chemical-project-in-talks-with-adnoc/articleshow/91102881.cms), 2022-04-26: "Reliance Industries Ltd has signed a formal shareholder agreement for the USD 2 billion TA'ZIZ chemical joint venture in the UAE."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.