RIL forms $2 billion production JV with Abu Dhabi chemical company

Reliance Industries and Abu Dhabi state-owned Chemicals Derivatives Company (TA'ZIZ) have agreed to start a more than $2 billion chemical production partnership in Ruwais, Abu Dhabi. The joint venture will construct and operate a chloralkali, ethylene dichloride (EDC) and polyvinyl chloride (PVC) production facility. The project marks Reliance's first investment in the MENA region, TA'ZIZ said.