Abu Dhabi National Oil Company signed an agreement with Mubadala Investment Company-owned Cepsa to set up a 150,000 tonne per annum chemicals project. This is part of a broader expansion of Adnoc's integrated refining and petrochemicals complex in the capital's western region of Ruwais.
The companies will manufacture linear alkyl benzene (Lab), a compound that is used by the detergents industry, after having completed feasibility studies over the past six months
, Adnoc said in a statement on Monday. It did not disclose the cost of the project.
“As we expand downstream and grow our refining capacity and capabilities, we will be able to expand the number of new products and value chains we can create” said Abdulaziz Al Hajri, Adnoc’s downstream director said in the statement.
The development comes amid Adnoc's plans to invest Dh165 billion with international partners across its downstream value chain as it looks to transform its existing facilities at Ruwais into the world's largest integrated refining and petrochemicals complex by 2025. Adnoc, which announced its strategy to reposition itself as a downstream player on Sunday, will build a new 600,000 barrels per day refinery and boost chemicals production from 4.5 million tonnes per annum to 14.4 mtpa by the same timeline.
The planned Lab facility forms part of the downstream complex’s effort to spur the creation of a “surfactants cluster”, said Mr Al Hajri. Surfactants refers to compounds that go into the manufacturing of detergents, foaming and wetting agents as well as emulsifiers.
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Read more:
Adnoc puts Ruwais at the heart of plans for UAE’s future beyond oil
Adnoc to invest Dh165bn with partners in downstream
Exclusive: Mubadala's petroleum and petrochemicals wing eyes lower cost barrels
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The Lab facility will derive feedstocks of kerosene and benzene from the adjacent refinery to manufacture surfactants.
As part of its larger expansion, Adnoc said it would set up a derivatives and conversion park in Ruwais to develop industry clusters specialising in chemicals and their compounds, using feedstock from the existing and planned refining and chemicals complex.
Spain's Cepsa, which is 100 per cent owned by Abu Dhabi strategic firm Mubadala, is one of the largest producers of Lab in the world. The Spanish energy company, which has oil assets in South America, South East Asia and Kenya, wants to expand its upstream and downstream portfolio amid a growing tilt towards increasing its exposure to the energy industry in the Middle East.
The company in February won a 20 per cent stake worth $1.5bn in the twin oil concessions of Umm Lulu and Sarb, which lie offshore the territorial waters of Abu Dhabi.
The firm's recent successes in the region has made it ripe for a floatation, Mussabeh Al Kaabi, Mubadala's Petroleum and Petrochemicals chief executive told The National in an interview in March.
The Mubadala energy platform is targeting a listing in Spain for Cepsa before the end of 2018, he said.
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In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
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Ms Yang's top tips for parents new to the UAE
- Join parent networks
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Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
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At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
Cricket World Cup League 2
UAE squad
Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind
Fixtures
Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE
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