KIZAD launches Polymers Park to capitalise on polymers and plastics export market

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Plastic Recycling
January 29 2019
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Parks expected to create up to 7,000 jobs and add USD 2.5 billion to GDP by 2025; KIZAD Polymers Park focuses on innovation and sustainability in plastic production, helping to commercialise the recycling of plastic waste KIZAD (Khalifa Industrial Zone Abu Dhabi), part of Abu Dhabi Ports, launched KIZAD Polymers Park, which will form an integral part of the polymers conversion ecosystem in the Emirate. The Park aims to be a major economic driver for the UAE, producing 300-400 kilo tonnes of plastic products a year, creating up to 7,000 new jobs and contributing USD 2.5 billion to GDP by 2025, as per the statement. The potential export market for the Park is estimated at USD 500 million annually, and it 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. 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. The collaboration aims to offer companies swift and cost-effective access to polymers as well as the option to invest in the Ruwais Conversion Park – an initiative that will take shape over the next few years, as per the entity. Having the state-of-the-art Khalifa Port on its doorstep also provides KIZAD Polymers Park access to polymers distribution, logistics, storage and trading across the globe, as well as ensuring raw material supply from other polymers producers in the region and globally. KIZADMeanwhile, the Ruwais Conversion Park will also provide opportunities for downstream conversion of materials that may be economically challenged to transport over longer distances for further conversion. The investor will have the ultimate flexibility to establish a diverse set of long-term competitive facilities between these two sites. The joint efforts by both entities also aim to create a sustainable and competitive industrial landscape in Abu Dhabi. 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 customers, 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, said KIZAD. The zone’s world-class infrastructure includes a diverse range of plot sizes, excellent utility networks and ready-to-move-in light industrial units and warehousing, while the close proximity of Khalifa Port offers incredible connectivity to markets around the world via major shipping lines. Various initiatives are underway to enhance the interconnectivity between KIZAD and Ruwais that enable seamless integration between the two sites. Meanwhile, foreign firms can take advantage of 100% foreign ownership via the free zone with the benefit of full repatriation of profits or benefit from the park’s flexibility and choose a mainland-based license instead, as per the statement. They can also benefit from direct access to raw materials from UAE producers, such as Borouge and ADNOC, as well as access to other major producers in the region and a comprehensive portfolio of specialised raw materials that could be imported if not available domestically. “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,” said Captain Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports. “Polymer markets are growing fast owing to high demand for these products. We at Abu Dhabi Ports are working through KIZAD to address the needs of companies operating in the polymer sector via world-class logistics services, warehouses, and integrated infrastructure as well as sustainability initiatives to put an end to plastic waste,” he added. Samir Chaturvedi, KIZAD CEO, said: “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. KIZAD Polymers Park was launched at ArabPlast 2019 held earlier this month.