Khalifa Industrial Zone Abu Dhabi (Kizad) has launched a new Polymers Park in Abu Dhabi and aims to make it a base for plastics manufacturing in the region. The industrial park is a collaboration between Abu Dhabi National Oil Company (ADNOC) and Kizad.
The park is expected to contribute $2.5 billion to GDP by 2025 and will produce 300-400 kilotonnes of plastic products a year and create up to 7,000 new jobs. According to a statement, the potential export market is estimated at $500m annually, and will ensure Abu Dhabi is 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.
“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. The Park will source energy supplies from a variety of sources at some of the region’s lowest utility rates and support initiatives to commercialise the recycling of plastic waste. We look forward to collaborating with Adnoc to create a hub where polymers converters can produce their products faster, cost-effectively, and sustainably,” said Samir Chaturvedi, CEO of Kizad.
The industrial park will tap into a variety of different polymers segments including industrial use, such as packaging, construction, and semi-finished products; end-use customers, such as household goods, agriculture and hygiene products; material science, including compounded and composite materials, and 3D Printing.
The park is also expected to host a polymers ecosystem, including diversified polymers space and raw materials, production systems and technical support, polymers distribution and trading, and logistics.
Captain Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports added, “Through this strategic collaboration framework with ADNOC, Kizad is helping Abu Dhabi become a major global hub for polymers conversion, supporting industrial diversification across the UAE in support of Abu Dhabi Economic Vision 2030.”