UAE's ADNOC Leads Country to $12 Billion Worth of Chemical Kickoffs in Next Two Years

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Researched by Industrial Info Resources (Sugar Land, Texas)--The United Arab Emirates (UAE) is a major producer of chemicals in the Middle East, as it has abundant resources of natural gas, along with a rich economy. Abu Dhabi National Oil Company (ADNOC) is one of the biggest investors in the region, owning and operating a large number of chemical-manufacturing facilities in the UAE through its various subsidiaries and partners.

ADNOC recently announced billions of dollars in investment to build new facilities over the coming years, in order to produce petrochemicals, green hydrogen, green ammonia and methanol, among others. One of its affiliates, Abu Dhabi Polymers Company (Borouge), recently awarded engineering, procurement and construction (EPC) contracts to build the Borouge 4 complex in Ruwais, which has a total investment value of more than $6 billion.

Industrial Info is tracking 20 capital projects in the UAE, worth $12 billion, that are scheduled to kick off in the next two years. ADNOC is the major investor, with $8.28 billion to be spent on 13 projects, notably Borouge 4 and the Ruwais Grassroot Blue Hydrogen Complex. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for a full list of the detailed project reports.

Click on the image at right for a breakdown by plant parent company of UAE chemical project kickoffs in 2022 through 2023.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.