Indorama in joint venture with ChemaWEyaat

Indorama Ventures Public Company Limited and Abu Dhabi National Chemicals Company (ChemaWEyaat) 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 holds 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. www.indorama.com