Ta'ziz and Reliance join forces with Shaheen in the UAE on a $2 billion chemical plant in Ruwais

Shaheen Chem Holdings Investment will join the $2 billion joint venture with India's Reliance Industries as a strategic partner, according to Abu Dhabi Chemicals Derivatives Company, or Ta'ziz.

The planned JV will build and run a chloralkali, ethylene dichloride (EDC), and polyvinyl chloride (PVC) plant. The factory will be constructed in Ruwais' Ta'ziz Industrial Chemicals Zone, which is a joint venture between Abu D....