Neste Unit Wins UAE Plant Deal

Finnish engineering company Neste Jacobs has won a contract for an integrated chemical production facility by Abu Dhabi petrochemical company Chemaweyaat, according to state news agency WAM.

The joint venture will build the chemical facility at the Khalifa Port Industrial Zone in Taweelah, the agency said.

Production capacity will be 10 million tonnes. The complex will include a downstream cracker and propylene and ethylene units, the agency reported.

Abu Dhabi Investment Council holds a 40% stake in Chemaweyaat, while the Abu Dhabi National Oil Company (ADNOC) holds 20%.

By staff writer.