Fcc Plant To Build In Abu Dhabi, First In The Middle East

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Fcc Plant To Build In Abu Dhabi, First In The Middle EastThe capital city will be the home for the prime Fluid Catalytic Cracking (FCC) Plant which is the first catalysts manufacturing facility in the Middle East.
The project with a capital value of $200 million is a joint-venture agreement between Al Dahra Agriculture with W.R. Grace and Co. (GRA), a U.S company.
The announcement was made during the contract signing and press conference held at Emirates Palace Hotel.
“We take our partnerships seriously. They’re very important to us. There is a common culture and a common bond that was clear over the past year as we defined this joint venture”, Fred Festa, Chairman and CEO of Grace said
Khadim Al Darei, Al Dahra’s Vice Chairman said that this joint venture is a first for Al Dahra Agriculture and is a step towards economy diversification, a much sought direction in the recent years.
“This partnership will benefit the UAE in general and the petroleum sector in particular. This facility, built in Abu Dhabi’s Free Zone, Kizad, which once up and running at 100 percent will attract investments, adding value to UAE – US investments, stimulating exports, and creating more jobs”, he added.
Nearly 40 percent of transportation fuels worldwide are processed with Grace catalysts and Grace is the global leader for FCC catalysts and additives.
The said investment will bring added value to the UAE as a prominent player in the petroleum field around the world. First FCC plant is expected not only to fulfill the domestic need of the UAE but also that of Saudi Arabia, Oman, and the rest of the Middle East.