ChemaWEyaat and Indorama in JV for aromatics plant in Abu Dhabi

Abu Dhabi National Chemicals Company (ChemaWEyaat) and Indorama Ventures Public Company Limited signed a joint venture agreement to develop the Tacaamol Aromatics Plant on Madeenat ChemaWEyaat Al Gharbia's (MCAG) site in the Western Region of Abu Dhabi.
The plant is expected to have an annual design capacity of about 1.4 million tonnes of paraxylene and 0.5 million tonnes of benzene. ChemaWEyaat will hold 51% equity and Indorama 49% in the joint venture company to be known as Abu Dhabi Chemicals Integration Company LLC (Tacaamol).

The signing ceremony were lead by Mr. Aloke Lohia, Group CEO of Indorama Ventures and Mr. Ahmed Saeed Al Mheiri, ChemaWEyaat CEO.

In 2012 ChemaWEyaat engaged the services of Foster Wheeler as Project Management Consultants (PMC) for the project, which includes substantial infrastructure work on the MCAG site to support the aromatics plant and, in due course, the other complexes that are planned to be developed there.  During the summer of 2013, further contracts were placed covering the FEED for the utilities, offsites and infrastructure, and the site preparation activities.
ChemaWEyaat was established by Emiri Decree in November 2008 to further develop Abu Dhabi's domestic chemicals industry, complementing ADNOC's subsidiaries Abu Dhabi Polymers Company (Borouge), Ruwais Fertilizer Industries (Fertil)  and International Petroleum Investment Company's (IPIC) international chemicals subsidiaries.   ChemaWEyaat is jointly owned by IPIC, the Abu Dhabi Investment Council and Abu Dhabi National Oil Company (ADNOC).