Kizad launches Polymers Park


Kizad launches Polymers Park

Published: Mon 7 Jan 2019, 3:34 PM

Last updated: Mon 7 Jan 2019, 5:36 PM

Kizad has announced the launch of Kizad Polymers Park, which will be capable of producing 300-400 kilo tonnes of plastic products a year, and contribute around $2.5 billion to GDP by 2025.
The potential export market for the park is estimated at $500 million annually, and will ensure Abu Dhabi's position as a hub for developing the latest innovations in sustainability and technology in the industry, including new and advanced and polymer technologies, such as composites and 3D printing.
Speaking to the media at ArabPlast 2019, Samir Chaturvedi, CEO of Kizad, said: "Polymers is one of the fastest growing segments in the industry right now. We want to bring everything together to make a value proposition for the industry, and we are trying to create an ecosystem which is very competitive. We have the best quality infrastructure that is available on land as well as one of the biggest and most important ports in the region. In addition to this, there are several policies that are in place to help businesses operate."
The strategic collaboration framework between Abu Dhabi National Oil Company (Adnoc) and Kizad Polymers Park aims to accelerate investment and innovation in the region's plastics industry. Kizad Polymers Park will cater to a variety of different polymers segments, including industrial use, such as packaging, construction, and semi-finished products; end-use customer, such as household goods, agriculture and hygiene products; material science, including compounded and composite materials, and 3D Printing.
Crucial to supporting the circular economy are polymer recycling companies. The park will host a vibrant polymers ecosystem, including diversified polymers space and raw materials, production systems and technical support, polymers distribution and trading, and logistics.
"Abu Dhabi is the ideal location for polymers converters looking to reach both regional and international markets. Tenants at Kizad Polymers Park will benefit from access to raw materials from regional producers and connectivity to global polymers product demand through Kizad's major transport links, which include Abu Dhabi Ports' flagship deep-water port, Khalifa Port and international airports," Chaturvedi added.
Abdulaziz Alhajri, director, Adnoc Downstream Directorate, said: "Adnoc is proud to collaborate with Abu Dhabi Ports and Kizad to further strengthen and develop the UAE's conversion industry. Together, we will work to ensure alignment with the Ruwais Derivative & Conversion Parks and other industrial parks catering to different parts of the polymers value chain, offering investors a wide choice of options, while also building on synergies."


Rohma Sadaqat

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