Abu Dhabi National Chemicals Company (Chemaweyaat) recently signed a long term Frame Agreement with Neste Jacobs, who will perform Front End Engineering and Design (FEED) for the development of the integrated chemicals complex by the name of ChemaWEyaat Industrial City (Madeenat ChemaWEyaat). Madeenat ChemaWEyaat will be located at the Khalifa Port Industrial Zone (KPIZ) in Taweelah (Abu Dhabi). The first complex will include the world's largest most integrated complex of chemicals of more than ten million tons/per year production quantities including: a world scale cracker, downstream propylene and ethylene derivative units, and reformer, BTX, glycols, phenol and derivatives units that are intended to form part of the first complex.
Established in 2008, Abu Dhabi National Chemicals Company (ChemaWEyaat) is a holding company structured to establish ChemaWEyaat Industrial City (Madeenat ChemaWEyaat). This mega complex will further maximize the value of Abu Dhabi's oil & gas feedstocks through advanced chemicals industry technologies. Abu Dhabi National Chemicals Company and Madeenat ChemaWEyaat will support a rapid development of adjacent industries and businesses; namely real estate development, service industries, and general downstream processing and conversion industries to support industries in Mina Khalifa. ChemaWEyaat is owned by fellow government entities IPIC 40%, Abu Dhabi Investment Council 40%, and Abu Dhabi National Oil Company 20%.