November 24, 2014 12:23 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Abu Dhabi National Chemicals Company

Company Overview

Abu Dhabi National Chemicals Company, through its subsidiaries, engages in the exploration, production, refining, marketing, and transportation of crude oil, natural gas, and other petrochemicals. It also manufactures chemical and plastic products comprising polyethylene and polypropylene plastics solutions for infrastructure applications, such as pipe systems, energy and communication cables, automotive components, and packaging. In addition, the company produces urea and ammonia. Further, it holds investments in the hydrocarbon value chain, including exploration and production, shipping and pipelines, downstream retail and marketing, petrochemicals, and power and utilities, as well as indu...

Al Bateen Towers C-1

17th Floor

Baynunah Street

Bateen Area

Abu Dhabi,  43237

United Arab Emirates

Founded in 2008

Phone:

971 2 411 0000

Fax:

971 2 635 9259

Key Executives for Abu Dhabi National Chemicals Company

Chief Executive Officer and Member of the Board of Directors
Compensation as of Fiscal Year 2014.

Abu Dhabi National Chemicals Company Key Developments

Abu Dhabi National Chemicals and Indorama Ventures Signs to Jointly Develop Abu Dhabi Aromatics Plant

Abu Dhabi National Chemicals (ChemaWEyaat) and Indorama Ventures have signed an agreement to develop the Tacaamol Aromatics Plant on Madeenat ChemaWEyaat Al Gharbia's site in western Abu Dhabi in the United Arab Emirates. ChemaWEyaat will hold a 51% stake in the joint venture, with Thailand-based producer Indorama holding the other 49% in the company, to be known as Abu Dhabi Chemicals Integration Company, or Tacaamol. The aromatics plant is expected to have a nameplate capacity of 1.4m tonnes/year of paraxylene and 500,000 tonnes/year of benzene. No details about the timeline for the project or the costs were disclosed.

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Recent Private Companies Transactions

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