“The contract has been awarded to Spanish engineering company Tecnicas Reunidas”
ADNOC & CEPSA
The national firm of Abu Dhabi oil company (ADNOC) and its project partner cepsa have announced the awarding of a key contract, as these both enterprises move a step with plans to develop the world-scale Linear Alkyl Benzene (LAB) plant in the Ruwais Derivatives Park. The lab project is the first of derivative units to be advanced under ADNOC ‘s AED 165 Billion Ruwais downstream investment program.
The FEED contract, a key milestone in process of development of the LAB project has been awarded to Técnicas Reunidas SA (TR), a Spanish-based engineering company which has been active in the UAE since 2006.
The LAB project will be jointly managed by ADNOC and Cepsa, a Spanish based global integrated energy company, with more than five decades of experience in the LAB. Cepsa is wholly-owned by Abu Dhabi’s Mubadala Investment Company.
The development, the first to be advanced as part of the Dh165 billion downstream investment strategy Adnoc announced in May, will produce 225,000 metric tonnes annually of normal paraffin and 150,000 metric tonnes of LAB.
MR. Abdulla Ateya Al Messabi , the ADNOC Refining, and Petrochemicals Business Unit Manager said “The LAB plant will be a key component of ADNOC’s plans to develop a new, large-scale, manufacturing ecosystem in Ruwais through the creation of the Ruwais Derivatives Park”
The granting of this agreement, after a thorough and powerful offering procedure, is one stronger signal that ADNOC is quickening its 2030 development system. It is also a prime example of ADNOC’s determination to support the diversification of Abu Dhabi’s industrial base, as we pivot downstream to meet a growing demand for petrochemicals, both in the region and beyond into Asia.
Jose Manuel Martinez, Cepsa’s Head of Chemicals, stated, “The honor of the FEED contract is a huge achievement in Cepsa’s association with ADNOC, with whom we are chipping away at various tasks in the upstream, downstream and petrochemical parts.
As an Abu Dhabi-owned organization, we are quick to help ADNOC’s downstream development designs, in Ruwais, and the expansion of the UAE economy. In the meantime, Abu Dhabi’s key area will empower us to reinforce our quality in the key markets for LAB items, in the Middle East, India, and South-East Asia.”