Ta’Ziz awards US$1.7 bn contract to Samsung for methanol plant in UAE

Ta’Ziz has announced an engineering, procurement and construction (EPC) contract award of US$1.7 billion to Samsung E&A for the construction of one of the world’s largest methanol plants in Al Ruwais Industrial City, Al Dhafra region, Abu Dhabi.

The project is a key milestone in Ta’Ziz’s mission to advance the UAE’s economic diversification by unlocking new domestic chemical value chains. The 1.8 million tonnes/year plant will be the first methanol production facility in the UAE.

Upon completion in 2028, it will be powered by clean energy from the grid, making it one of the world’s most energy-efficient methanol plants, it adds.

In its initial phase, Ta’Ziz will produce 4.7 million tonnes/year of chemicals by 2028, including methanol, low-carbon ammonia, polyvinyl chloride (PVC), ethylene dichloride, vinyl chloride monomer, and caustic soda.

Several of these chemicals will be produced for the first time in the UAE, reinforcing the company’s strategic goal to expand the local chemicals value chain and advance economic diversification through industrialisation.