Reliance Industries, UAE-based TA'ZIZ sign $2 billion JV for chemical project

Mukesh Ambani's Reliance Industries on Tuesday signed a formal shareholder agreement with Abu Dhabi Chemical Derivatives Company RSC Ltd (TA'ZIZ) for Ruwais Chemicals Project. The shareholder agreement for the over $2 billion TA'ZIZ EDC & PVC joint venture was signed. TA'ZIZ EDC & PVC will produce Chlor-Alkali, Ethylene Dichloride and Polyvinyl Chloride for the first time in the UAE.