Utico, Chinese firm to join hands for breakthrough JV to extract industrial chemicals from brine waste

• First-of-its-kind bromine industry project in the GCC to be set up in Ras Al Khaimah at an investment of AED 160 million
• Project part of channel investment programme under the China-UAE bilateral cooperation in the Belt & Road Initiative (BRI)

Ras Al Khaimah/Dubai, UAE, November 15, 2023: The UAE’s only private utility provider, Utico, and Shandong Tianyi Chemical Corporation of China is looking at partnering for a trailblazing joint venture circular economy project to extract industrial chemicals from brine, a first of its kind in the GCC in recycling waste seawater from desalination plants.