- World-scale plant marks a milestone in ADNOC’s chemical substances progress technique and the enlargement of its lower-carbon fuels enterprise
- Contract advances TA’ZIZ’s ambition to supply new chemical substances within the UAE for the primary time, unlocking new home worth chains and creating an built-in chemical substances ecosystem in Al Dhafra area
- Powered by clear power, the plant will produce 1.8 mtpa of methanol and will probably be among the many world’s most energy-efficient methanol services
TA’ZIZ introduced as we speak an engineering, procurement and development (EPC) contract award of $1.7 billion (AED6.2 billion) to SAMSUNG E&A for the development of one of many world’s largest methanol vegetation in Al Ruwais Industrial Metropolis, Al Dhafra area, Abu Dhabi.
The venture is a key milestone in TA’ZIZ’s mission to advance the UAE’s financial diversification by unlocking new home chemical worth chains. The 1.8 million tons every year (mtpa) plant would be the first methanol manufacturing facility within the UAE. Upon completion in 2028, it will likely be powered by clear power from the grid, making it one of many world’s most energy-efficient methanol vegetation.
Mashal Saoud Al-Kindi, CEO of TA’ZIZ, stated: “This landmark EPC contract award is a big step in realizing TA’ZIZ’s imaginative and prescient to drive the UAE’s industrial progress by making a world-scale built-in chemical substances ecosystem in Al Dhafra area. The plant will improve the UAE’s place as a frontrunner in sustainable chemical substances manufacturing and strengthen TA’ZIZ’s function in enabling ADNOC’s world ambition to guide the chemical substances sector.”
Hong Namkoong, President and CEO of SAMSUNG E&A, stated: “SAMSUNG E&A is honored to obtain this recognition, highlighting TA’ZIZ’s and our dedication to driving industrial innovation, diversifying the UAE’s financial system, and enabling sustainable progress. This milestone underscores the ability of collaboration in creating world-scale services that can place the UAE as a worldwide hub for superior methanol manufacturing.”
In its preliminary part, TA’ZIZ will produce 4.7 mtpa of chemical substances by 2028, together with methanol, low-carbon ammonia, polyvinyl chloride (PVC), ethylene dichloride, vinyl chloride monomer, and caustic soda. A number of of those chemical substances will probably be produced for the primary time within the UAE, reinforcing TA’ZIZ’s strategic purpose to broaden the native chemical substances worth chain and advance financial diversification by means of industrialization.
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