Abu Dhabi Combines Chemaweyaat and Adbic Cracker Projects; Selects Ruwais Site

Two competing cracker projects in Abu Dhabi have been combined into one, CW has learned. Abu Dhabi National Chemical Co. (Chemaweyaat), a joint venture in which Abu Dhabi Investment Council and International Petroleum Investment Co. (IPIC) each have 40% and Abu Dhabi National Oil Co. (Adnoc) has the rest; and Abu Dhabi Basic Industries Corp., a wholly owned subsidiary of Abu Dhabi's state-owned General Holding Co., will build one liquid cracker only, sources tell CW. Chemaweyaat was planning to build a world-scale cracker complex at Taweelah, between Abu Dhabi...

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