InvestorQ : How do you see the recent partnership of Reliance and ADNOC?
vidhya Laxmi made post

How do you see the recent partnership of Reliance and ADNOC?

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sarah Leo answered.
6 months ago
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It is definitely a positive. Let us look at the deal first. Reliance entered into a partnership with the Abu Dhabi National Oil Company or ADNOC of the Middle East to set up a facility at Ruwais near Abu Dhabi. The idea is to position the joint venture as a world class chlor alkali and PVC player.

The new facility proposed by RIL and ADNOC will have capacity to produce 940,000 tons of chlor Alkali, 1.1 million tons of ethylene dichloride and 360,000 tons of PVC on an annual basis. The partnership will allow Reliance Industries to capitalize on the growing demand for chlor alkalis and will be a major step in the plans to be a big player in specialty chemicals.

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