Neste unit wins UAE chemical plant contract

DUBAI, May 5 (Reuters) - Abu Dhabi petrochemical company Chemaweyaat has awarded the front-end engineering contract for an intergrated chemical production facility to Neste Jacobs, the state news agency WAM said on Tuesday.

The Finnish engineering company, is a subsidiary of Neste Oil (NES1V.HE).

Abu Dhabi Investment Council holds 40 percent in the Chemaweyaat, while the Abu Dhabi National Oil Company (ADNOC) holds 20 percent.

The joint-venture company is launching the chemical facility at the Khalifa Port Industrial Zone in Taweelah, the state agency said.

The production capacity of this integrated complex was put at 10 million tonnes. The complex was expected to include a cracker downstream propylene and ethylene units and a reformer among others, the agency reported.