Polymers Park launched

dubai — 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.

“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,” Samir Chaturvedi, CEO of Kizad, said at ArabPlast, which concluded on Tuesday.

“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,” he added.

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.