Canadian pipeline giant Enbridge (ENB.TO) isn’t letting Trump’s 10% energy tariff slow it down. The company just announced a $2 billion investment in its Mainline network through 2028, doubling down on the very crude oil infrastructure now facing a new round of U.S. trade barriers.
“TA’ZIZ will produce a range of chemicals, many of which have not previously been manufactured in the UAE, enabling the local manufacture of many new construction, agriculture and healthcare products”, ADNOC said in a statement. “In its initial phase, TA’ZIZ will produce six chemicals: caustic, ethylene dichloride, vinyl chloride monomer, polyvinyl chloride, low-carbon ammonia and methanol”.
Al Geemi Contracting won two contracts, one to build utilities including for power transmission, steam and water, and another to build ancillary infrastructure such as internal roads, buildings and security fencing.